TotalEnergies Approves Ima Gas Field to Boost Nigeria LNG Capacity
The shallow-water project aims to increase local gas production & support the Train 7 expansion.
Business Tabloid Desk2 min read
Topic
utility
8 stories
Indonesia lifts Palm Oil ban after considering improvements in domestic supply and prices
Indonesian President Joko Widodo said on Thursday that Indonesia will relax its restriction on palm oil exports on Monday, citing improvements in local cooking oil availability. Indonesia’s prohibition, in effect since April 28, was one of the most significant acts of agricultural protectionism since Russia’s invasion of Ukraine, which halted sunflower oil shipments. Palm oil […]
Vandana Srinivas2 min read
Middle East pushes toward renewables to reduce dependency on oil-economy
Many Middle Eastern economies rely on fossil fuels to finance their budgets and sustain economic activity. The Middle East produces a third of the world’s oil. Saudi Arabia, Iran, Iraq, the United Arab Emirates, Kuwait, and Qatar are among the leading fossil fuel producers in the world. The Gulf Cooperation Council (GCC) countries—Bahrain, Kuwait, Oman, […]
Vandana Srinivas6 min read
Egyptian infrastructure management platform Pylon secures $19 million funding
In its first venture round, Egypt-based Pylon has successfully secured a seed round of $19 million. US firm, Endure Capital led the round, which is backed by British International Investment (previously CDC Group), the UK government’s development finance organization. Cathexis Ventures, LoftyInc Capital, Khawarizmi Ventures, and numerous undisclosed angel investors are among the other participants […]
Vandana Srinivas2 min read
BT
Macquarie Asset Management to buy £1 billion stake in Southern Water
The Australian multinational asset management company Macquarie to buy £1 billion stake in Southern Water. The utility company southern water which provides essential services to 2.6 million water and 4.7 million wastewater customers across Sussex, Kent, the Isle of Wight, and Hampshire. Macquarie Asset Management will invest, on behalf of long-term investors including insurance companies […]
Shyam Dev2 min read
Siemens Mobility and Deutsche Bahn to develop hydrogen-powered trains
Deutsche Bahn, The German Railway Company and Siemens Mobility have announced plans to test hydrogen – powered fuel cell trains. This technology is expected to reduce CO2 emissions and eliminate diesel units. It was mentioned by the companies in a joint statement that testing phase will commence in 2024. To develop hydrogen powered prototype vehicle, […]
Shyam Dev2 min read
European Union Plans to increase offshore wind farm capacity by 250%
The capacity of the European Union’s offshore wind farm will be increased by 250% in the Baltic, the Atlantic, the North Sea, the black sea and the Mediterranean under a draft plan drawn up by the European commission. The European Union and the UK are trying to make progress on the target of carbon emission […]
Shyam Dev2 min read
Plastic pipe manufacturer Wavin to launch stormforce stormwater management solution
Plastic pipe manufacturer Wavin has launched stormForce – a single-source solution to stormwater management. Wavin will handle the entire design, installation and supply of stormwater tanks and their associated infrastructure, from capture and attenuation to dispersal. The company Wavin aims to increase efficiencies, simplify project management and minimize risk for developers, contractors and civil engineers […]
Shyam Dev2 min read