Bloomberg Spanish shipbuilder Navantia is stepping up its bet on offshore wind energy, a venture that stands to benefit from the European Union’s fiscal response to the pandemic. The landmark 750 billion-euro ($890 billion) pandemic-recovery aid will encourage Spain to invest more in clean energy. That could galvanise the company’s recent pivot into sea-based power projects, said Managing Director Javier ...

Bloomberg Total SE and its partners made a second gas-condensate find off the southern coast of South Africa, a country that imports most of its oil. The “significant” discovery of gas condensate — a light liquid hydrocarbon — comes after Total said last year it had opened up a new “world-class” oil and gas province off South Africa. The drilling ...

Bloomberg Wind and solar power have become even cheaper compared to fossil fuels in the past year, making them an attractive way to stimulate economies recovering from the Covid-19 pandemic, according to Lazard Ltd. Without subsidies, the cost of energy from onshore wind has fallen to as low as $26 a megawatt-hour while utility-scale solar is as cheap as $29, ...