Finance
2020, January, 15, 12:25:00
IRENA, EBRD RENEWABLE AGREEMENT
The International Renewable Energy Agency (IRENA) and the European Bank for Reconstruction and Development have signed a Memorandum of Understanding (MoU) allowing the two organisations to strengthen their relationship and accelerate efforts to rapidly increase the share of renewable power in EBRD countries of operation, helping minimise climate impact and use electricity more sustainably.
2020, January, 13, 15:30:00
CHINA'S CNOOC INVESTMENT $13 BLN
The increase in spending to between 85 billion and 95 billion yuan ($12.34 billion to $13.79 billion) compares with 2019 capital expenditure estimated at 80.2 billion yuan, slightly more than previous expectations.
2020, January, 13, 15:25:00
UAE, INDONESIA INVESTMENT $23 BLN
In the petrochemical and gas sectors, Abu Dhabi National Oil Company (ADNOC) signed deals with Indonesian companies PT Pertamina [PERTM.UL] and PT Chandra Asri Petrochemicals (TPIA.JK), UAE state news agency WAM reported.
2020, January, 13, 15:15:00
ADNOC SUSTAINABILITY GOALS 2030
The Abu Dhabi National Oil Company, ADNOC, announced a set of comprehensive sustainability goals, extending its legacy of responsible oil and gas production and reinforcing its longstanding commitment to environmental stewardship.
2020, January, 13, 15:10:00
SAUDI ARABIA'S SOLAR PROJECTS
Saudi Arabia is about to launch four giant projects to produce solar photovoltaic systems within a national renewable energy program.
2020, January, 13, 15:00:00
SAUDI'S ACWA INVESTMENT $10 BLN
The company, which builds power and desalinated water plants and has 50% of its portfolio in Saudi Arabia, plans to expand into new markets, Paddy Padmanthan told Reuters on the sidelines of an energy event in Abu Dhabi.
2020, January, 13, 14:40:00
2020: GLOBAL ECONOMIC GROWTH 2.5%
Global economic growth is forecast to edge up to 2.5% in 2020 as investment and trade gradually recover from last year’s significant weakness but downward risks persist, the World Bank says in its January 2020 Global Economic Prospects.
2020, January, 13, 14:35:00
SOLAR POWER FOR AZERBAIJAN
Under the agreement, Masdar will develop, build and operate the 200MW solar PV project, which will be located 75 kilometres southwest of the capital, Baku. Financial close on the project is targeted for the end of 2020, while commercial operation is expected to be achieved in 2022.
2020, January, 13, 14:30:00
WIND POWER FOR AZERBAIJAN
The ceremony was held in the presence of Ali Asadov, Prime Minister of Azerbaijan; Parviz Shahbazov, Minister of Energy; Mohammad Abunayyan, Chairman of ACWA Power, and Rajit Nanda, Chief Investment Officer of ACWA Power.
2020, January, 13, 14:25:00
U.S. UNEMPLOYMENT 3.5% ANEW
Total nonfarm payroll employment rose by 145,000 in December, and the unemployment rate was unchanged at 3.5 percent,
2020, January, 10, 11:20:00
NORWAY'S OIL WILL UP
The Norwegian Petroleum Directorate projects that the overall production of oil and gas in 2024 will be close to the record year 2004 – among other things due to Sverdrup and because the Johan Castberg field in the Barents Sea is scheduled to come on stream in 2022.
2020, January, 8, 14:30:00
U.S. LNG NEED INVESTMENT
Aramco has vowed to pump almost $160 billion into growth in the natural gas sector over the next decade, with a sizable portion of that money to be designated for LNG projects overseas.
2020, January, 8, 14:10:00
U.S. INTERNATIONAL TRADE DEFICIT $43.1 BLN
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced that the goods and services deficit was $43.1 billion in November, down $3.9 billion from $46.9 billion in October, revised.
2020, January, 6, 11:00:00
OIL GAS CAPEX DOWN 9%
Capital expenditures were $75 billion in third-quarter 2019, 9% lower than in third-quarter 2018.
2020, January, 6, 10:32:00
UAE RENEWABLE ENERGY INVESTMENT AED 600 BLN
The UAE Energy Strategy 2050 aims to achieve an energy mix that combines renewable and clean energy sources to balance economic requirements and environmental goals. The UAE will invest AED 600 billion until 2050 to meet the growing energy demand and ensure the sustainable growth of economy.