Finance & Investment

Five agreements for collaboration and memorandums of understanding (MoUs) between the petroleum industry and significant international energy and technology corporations were signed in front of Tarek El-Molla, petroleum minister of Egypt. The memoranda of understanding and agreements seek to advance bilateral collaboration in the areas of lowering carbon emissions, supporting digital transformation, promoting sustainability, and …

EGYPS 2023: Egypt plans carbon emissions reduction and digital transformation Read More »

The 2023 Egypt Petroleum Show (EGYPS) is a global trade show and conference for Egypt’s oil and gas sector. Industry executives and specialists can network, exchange ideas, and display the most recent innovations in this field’s goods and services at the event. The conference addresses a broad range of subjects, including upstream, middle, and downstream …

Petroleum Show in Egypt: EGYPS became a major international platform Read More »

Following reports of BYD’s interest, the state leader of Germany’s Saarland stated on Friday that the state would not prevent Chinese electric automaker BYD from becoming a potential investor for a Ford auto plant. Ford is looking for new ownership. An American-owned company Ford took several moves that the state didn’t agree with. Anke Rehlinger …

Germany is willing to let Chinese automaker BYD take over the Ford plant Read More »

The British bank NatWest announced on Thursday that it would discontinue all reserve-based lending for any new clients financing oil and gas exploration and extraction. They will gradually phase it out by the end of 2025. The lender’s promise comes as the amount of climate-damaging carbon emissions associated with the loans and financing they offer …

NatWest will no longer fund projects dependent on reserves for oil and gas Read More »

The $1.35 trillion Norway Wealth Fund announced on Thursday that it would increase its interaction with businesses about how they manage climate risk by voting against board members it believes are not taking sufficient action. The Norway Wealth Fund, also known as the Government Pension Fund of Norway, is a sovereign wealth fund managed by …

Norway Wealth Fund: Fail on managing climate risk and we won’t support you! Read More »

The European Central Bank  (ECB) announced on Thursday that it will continue its existing strategy of partially reinvesting its bond holdings and favor bonds issued by greener companies as it begins to run down its 5 trillion euro portfolio in March. The ECB, in an effort to reduce the risk of deflation in the Eurozone, …

ECB introduces a balance sheet run-off that will further boost greener businesses Read More »

In an effort to compete on an equal footing with the US, the European Commission this week revealed its “Green Deal Industrial Plan.” Green Deal Industrial Plan aims to speed up the development of renewable energy and green technologies by relaxing state aid restrictions to enable bigger green subsidies. The Commission plans to upgrade the …

In spat over green subsidies: EU releases significant package to level the game with US Read More »

Analysts predict that the period of astonishing palladium rises is coming to an end. Increased supply and stagnant demand drive down the price of the metal. Palladium is used to reduce automobile exhaust emissions. Palladium, previously the least expensive of the major precious metals, saw an unprecedented surge in its prices over the past few …

Electric vehicles put into reverse palladium rise Read More »

Alexandropoulos becomes an important energy center, from where the new energy era will begin, for Greece, for the entire region, but also for the European Union. Recently, the representatives of PPC, “DEPA Commercial” and “Damco Energy” from the Kopelousos group, which are the founders of the Greek joint venture, which will build the power plant …

New gas plant in Alexandropoulos opens strategic opportunities for Southeast Europe Read More »

In his address to the shareholders after the vote to approve the delisting of the firm, Christian Bruch, the former executive chairman of the board of directors of Siemens Gamesa, cautioned that the European wind sector is in an uncertain condition. The wind industry suffers significant financial difficulties despite significant expenditures into renewable energy, according …

Siemens Gamesa warns: European wind industry in danger as shareholders approve delisting Read More »