Category :Energy

Finance Energy Featured News Regional

Aramco Expands Global Venture Capital Program by Injecting $4 billion Funds

Global Business Magazine January 18, 2024

Saudi Aramco, one of the world’s leading integrated energy and chemicals companies, on Wednesday announced that it has allocated an additional $4 Read More

Business Energy Featured News Regional

Saudi’s Obeikan Group to Form JV with European Lithium Ltd

Global Business Magazine January 16, 2024

A proposed Joint Venture (JV) between European Lithium Ltd, one of the major players in the production of Lithium Hydroxide, and Saudi Read More

Energy Business Featured News Regional

ACWA Power Sign Pact with Hassan Allam for Middle East’s Largest Wind Power Project

Global Business Magazine January 16, 2024

A consortium led by Saudi-listed ACWA Power, the world’s largest private water desalination company and leader in energy transition and first Read More

Energy Economy Featured News Regional

DEWA commissions 1,414 distribution substations of 11 kV in 2023

Global Business Magazine January 16, 2024

Dubai Electricity and Water Authority (DEWA) has commissioned 1,414 distribution substations of 11KV capacity across Dubai in 2023, DEWA MD and CEO Saeed Mohammed Read More

Energy Featured Mergers and Acquisitions News World

Romania’s OMV Petrom to Buy 50% Stake in RE Producer Electrocentrale Borzesti

Global Business Magazine January 12, 2024

Romanian oil and gas company OMV Petrom, the largest integrated energy company in Southeast Europe, said that it will acquire a 50% stake Read More

Business Energy Featured Merger and Acquisitions News World

Two Us Energy Companies Merge in All-Stock Transaction Valued at $7.4 Billion

Global Business Magazine January 12, 2024

Two-Us-based energy firms - Chesapeake Energy Corporation and Southwestern Energy Company - on Thursday entered into an agreement to merge in an Read More

Energy Featured Finance News World

Taiwan Okay’s Financial Restructuring of $3.02 Billion Yunlin Offshore Wind Farm

Global Business Magazine January 11, 2024

Yuneng Wind Power Co, which is responsible for the construction and operation of the 640 MW Yunlin offshore wind farm, has obtained the Read More

Energy Featured News World

Ardian Optimises its Portfolio of Solar Plants in Peru and Chile

Global Business Magazine January 4, 2024

French asset manager Ardian, a world-leading private investment house, on Wednesday announced that it has dissolved its joint venture with Solarpack, a Read More

Business Energy Featured News Regional

TAQA, Vision Invest and GIC Consortium Wins Juranah Water Reservoir Project in Makkah

Global Business Magazine January 3, 2024

A consortium of companies led by TAQA, Abu Dhabi National Energy Company, one of the largest listed integrated utilities in Europe, the Read More

Business Energy Featured News Regional

Chinese Firm Signs MoU to Develop 10GW Solar Project in Egypt

Global Business Magazine January 3, 2024

The China Electric Power Equipment and Technology Limited has signed a memorandum of Understanding (MoU) with Egypt’s New and Renewable Energy Read More