Novatek seeks to raise $11 billion in external financing and has said it planned to get the funds by the first half of this year.

"In the medium and long term, JGC Corporation will work with Fluor to secure and execute SMR EPC projects on a global basis, and intends to seek opportunities in integrating SMRs with renewable energy, as well as with hydrogen production and seawater desalination," JGC said.

The UAE Sunday announced $3 billion investment in Iraq in a fresh bid to strengthen the economic and investment relations between the two fraternal nations.

The plan proposes $100 billion in spending on upgrading and building out the nation's aging and regionally siloed electric transmission system. Various studies have estimated the U.S. will need to double or even triple its electric transmission capacity to successfully decarbonize its economy by midcentury.

The consortium, which includes ITOCHU Corporation, Hitachi Zosen Inova, BESIX Group and Tech Group, will build and operate the AED4 billion ($1.1bn) project under a 35-year concession period with Dubai Municipality.

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.