Through the partnership, RPC and Benbros will work on 14 projects in the regions of Andalucía, Extremadura, Castilla la Mancha, Aragon and Murcia.

Over the past few years, Russia has introduced several state incentives aimed at keeping up with the rising role of renewables in the energy mix.

"Based on this document, China will be a steady importer of Iran's oil, and Iran should remove China's concerns for return of its investment,"

Overall, the company plans to invest US$2.7bn in 2021 (+73% compared with a previous plan), of which 80% will be aimed at boosting oil and gas production in its fields,

The Norwegian solar company confirmed its previous target of having 4.5 GW of photovoltaic (PV) capacity at end-2021.

GS Energy said it will build a 3 gigawatt LNG-fired power plant in southern Vietnam in a deal estimated at 3.5 trillion won (US$3 billion).

Nigeria has a total refining capacity of about 450 kb/d (22.5 Mt), but most of it is not operational.

Aramco lowered its guidance for capital expenditure in 2021 to around $35 billion from a range of $40 billion to $45 billion previously

There needs to be a broader context of political support that investors are going to believe is durable. There needs to be a clear declaration, and made with political consensus, that nuclear is essential to the country's net-zero goal and climate ambition.

Modelling Princeton conducted on the path to a net-zero future showed not much, if any, increase in gas-fired generation capacity starting now, with small increases in some areas to manage reliability needs from rapid coal retirements offset by retirements of older gas plants in other areas.

According to the study, a 300 MWe grid-scale SMR built in Ontario and operated for 60 years would create direct and related employment including nearly 700 jobs during project development, over 1600 jobs during manufacturing and construction, over 200 jobs during operations, and about 160 jobs during decommissioning.

Westinghouse's work on the offer is financed by the US Trade and Development Agency. The works are to cost $10 million.

The British company, whose businesses supply gas and electricity to millions of customers, said the deals would increase the proportion of its assets in electricity to 70% from 60%.

Though Russia suffered a relatively modest recession amid the pandemic last year, the recovery is expected to be sluggish and a jolt of state spending could help accelerate it. Russia has invested billions from the fund in the past in projects linked to big state companies.

The thermal coal value chain still claimed nearly 4,500 institutional investors totaling $1 trillion in operations.