Thursday , 18 December 2025

Recent Posts

China’s State Grid to spend $5.7bn on ‘hydro plants’

Bloomberg State Grid Corp of China, the dominant electricity distributor in the world’s biggest energy consumer, will invest 38.7 billion yuan ($5.7 billion) to build five pumped hydro storage plants as part of the nation’s efforts to ease idled solar and wind power capacity. The projects, in Hebei, Jilin, Zhejiang, Shandong provinces and the far west Xinjiang autonomous region, will …

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Oil lobbyist warns of political risk in Norway

Bloomberg Norway’s oil industry is in full recovery mode, but the country’s top petroleum lobbyist is worried about growing opposition ahead. At the same time as it gave a big boost to investment forecasts for next five years, Norwegian Oil and Gas Association sounded one of its starkest warnings yet on political risk facing the nation’s biggest industry. Explorers and …

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Mexico oil chiefs under pressure amid fuel crisis

Bloomberg Mexico’s opposition is accusing the government of addressing the issue of fuel theft irresponsibly as supply fears spread to the nation’s capital. Members of the senate are calling for the newly appointed energy minister Rocio Nahle and Petroleos Mexicanos chief executive Octavio Romero to explain how they will fix fuel distribution amid shortages at gasoline stations in central Mexico, …

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