China needs ‘explosive’ buying to meet import target
BEIJING/CHICAGO (Reuters) - With nearly seven months gone, an ambitious $36.5 billion target for Chinese imports of U.S. farm goods this year may not be quite out of reach, but…
Fed chief mentions U.S. economic recovery slows
(Reuters) - The surge in U.S. coronavirus cases is beginning to weigh on economic activity, the head of the Federal Reserve said on Wednesday, and he promised the U.S. central…
$7 billion Canadian oil sands assets written down by Total
LONDON (Bloomberg) --Total announced an $8.1 billion writedown after the push to curb carbon emissions and the coronavirus pandemic challenged assumptions about the long-term viability of some oil and gas…
Real-time energy use figures show UK economy recovery
LONDON - New data from corporate energy specialist Open Energy Market (OEM) offers a rare real-time demonstration of how Britain is getting back to work as lockdown lifts. Corporate energy…
Maersk Drilling invests in new technology
COPENHAGEN - Maersk Drilling has entered an agreement to invest USD $1m in the California-based company Clean Energy Systems to help develop a new technology called Carbon-Negative Energy. The…
Ampelmann and Olympic Shipping support Ithaca energy
DELFT, THE NETHERLANDS – Ampelmann has secured a contract with Olympic Shipping to support topside commissioning work on Ithaca Energy’s FPF-1 offshore semi-submersible in the North Sea. The combination of…
JPMorgan: Development finance institute structured first deal
LONDON (Reuters) - JPMorgan (JPM.N)’s development finance institution has structured its first deal, a $250 million five-year green bond for a power firm in Georgia, as it targets $100 billion…
Gold rallies on U.S. stimulus, as Asian stocks pull back
NEW YORK (Reuters) - Asian equities pulled backed on Wednesday as an impasse in U.S. economic stimulus negotiations pushed global stocks lower and sent investors into safe-haven assets like gold,…
Nigeria: Deal of $1.5 billion with Vitol & Matrix
LAGOS/LONDON (Reuters) - Nigeria’s state oil firm NNPC has signed a $1.5 billion prepayment deal led by Standard Chartered (STAN.L) and backed by oil traders Vitol Group and Matrix Energy,…
Japanese offshore wind partnership: Xodus Group & E&E Solutions
Global energy consultancy Xodus Group has agreed a partnership with Japanese consultancy E&E Solutions to deliver in-depth advice and analysis for the fast-developing offshore wind market in Japan. The collaboration…