Talks are underway between Abu Dhabi’s state-owned utility company, TAQA, and major shareholders of Spanish energy giant Naturgy. The discussions center on a potential takeover bid that could be the largest ever by a sovereign wealth fund.
In the News
-
-
Shell is facing pressure from a major investor group to set stricter climate targets aligned with the Paris Agreement. The investor group, managing $4 trillion, argues Shell’s current goals are insufficient. Shell claims the proposal would hurt its finances and hinder the energy transition. The outcome of the shareholder vote on May 21st remains to be seen.
-
Engie Energy Access’s white paper details a multi-technology, mini-grid approach to power sub-Saharan Africa, aiming to significantly advance universal energy access by fulfilling SDG7.
-
East London’s river port now hosts a new solar-powered desalination plant, aiming to enhance water reliability and support the local community.
-
Namibia is poised to make a crucial decision regarding its recent oil discovery, with expectations of reaching a final investment verdict by the end of 2024. The potential development signals…
-
As Yellen highlights unfair practices in China’s clean energy sector, she calls for a balanced global market and sustainable cooperation.
-
The Biden administration treads carefully in escalating sanctions against Iran’s oil exports, balancing economic stability and international diplomacy.
-
Discover the game-changing Solis 50kW Hybrid Inverter, empowering reliable energy access for sustainable progress worldwide.
-
Oil prices fell on Monday after initial concerns about a wider conflict in the Middle East subsided. This followed Iran’s weekend attack on Israel proving less disruptive than anticipated.
-
China is bolstering its energy security by stockpiling Russian ESPO blend crude oil, a move that also aids Russia in finding a market for its oil exports amidst challenges created by Western sanctions. CNOOC, a state-owned company and major importer of Russian oil, has been accumulating these reserves at a new storage facility in eastern China.