Investments
2020, June, 16, 14:05:00
GLOBAL UPSRTEAM INVESTMENTS DOWN
Spending is also expected to be largely flat in 2021, landing only marginally higher than 2020 at $386 billion. Before the Covid-19 pandemic, expected total upstream investment would maintain last year’s levels, both in 2020 and 2021.
2020, June, 16, 13:20:00
JAPAN'S WIND INVESTMENT $9 BLN
Japan's TEPCO intends to invest JPY1,000-2,000bn (US$9.3-18.6bn) to develop 6 to 7 GW of offshore wind and hydropower capacity by 2035.
2020, June, 15, 13:10:00
GERMANY'S HYDROGEN STRATEGY
The German government formally adopted its long-anticipated national hydrogen strategy
2020, June, 11, 09:55:00
GLOBAL RENEWABLES INVESTMENT $282 BLN
The United States invested $55.5 billion in 2019, up 28% from the year before
2020, June, 10, 12:25:00
HYDROGEN FOR S.KOREA
S.Korea aims to sharply increase production of hydrogen-powered vehicles and electricity generation by hydrogen, in an effort to use hydrogen as a major energy source for transportation and power generation.
2020, June, 9, 17:15:00
HYDROGEN FOR GERMANY: €7 BLN
Hydrogen, the universe's most abundant particle, has often been touted as a way to power vehicles and energy plants, but it is just too expensive.
2020, June, 8, 13:20:00
GLOBAL ENERGY INVESTMENT WILL DOWN $400 BLN
The spread of the Covid-19 pandemic has upended these expectations, and 2020 is now set to see the largest decline in energy investment on record, a reduction of one-fifth – or almost USD 400 billion – in capital spending compared with 2019.
2020, June, 5, 12:15:00
NORWAY CUT INVESTMENT
Oil companies, including Norway’s state-controlled Equinor, have said they intend to reduce both operating and capital spending in order to preserve cash during the downturn.
2020, June, 4, 11:05:00
ISRAEL SOLAR INVESTMENT $23 BLN
Israel's government proposed to invest ILS6.5bn (US$1.9bn) to instal of 2 GW of additional solar power capacity.
2020, June, 2, 14:45:00
LOW-CARBON NUCLEAR RECOVERY
Investing in nuclear power as part of the post-virus recovery would help stimulate the economy and ease the path towards carbon neutrality,
2020, June, 1, 10:05:00
SAUDI ARABIA'S PIF +$40 BLN
Since the COVID-19 crisis began, the PIF has spent $7.7 billion amassing a portfolio of shake stakes in some of the best-known corporate brand names in the world, including Boeing, Disney, Facebook and Marriott International.
2020, June, 1, 10:00:00
EUROPE'S RECOVERY PLAN €750 BLN
Brent were down 2%, or 71 cents at $34.03 per barrel, WTI were down 3%, or 98 cents, at $31.83 a barrel
2020, May, 28, 11:50:00
CHINA'S ENERGY IEFFICIENCY UP
China energy intensity, which measures the amount of energy needed to generate one unit of GDP, decreased by 2.6% in 2019,
2020, May, 28, 11:35:00
MALAYSIA'S PETRONAS WILL CUT INVESTMENT
Petronas plans to reduce its capital expenditures by 21% and its operating costs by 12% in 2020
2020, May, 28, 11:15:00
BRAZIL'S SUPPORT TO POWER SECTOR $2.9 BLN
The Brazilian government has approved a BRL15.6bn (US$2.9bn) loan to support the Brazilian power sector