Bloomberg It’s the beginning of the end for the era of mega-dam building in China. China Three Gorges Corp turned on the first set of generators at the massive Wudongde hydropower plant, deep in the mountains of Yunnan province. About 170 kilometres (106 miles) downstream on the Jinsha River sits Baihetan, the last of its kind, scheduled to go into ...

Bloomberg Total SA has deployed a rig to South Africa to look for more oil near a massive discovery, in a rare example of exploration in a frontier area. The Odfjell Deepsea Stavanger has left Bergen in Norway for the southern tip of Africa, Africa Energy Corp, Total’s partner in the project, said. While drilling work has dropped off dramatically ...

Bloomberg Exxon Mobil incurred an unprecedented second straight quarterly loss as almost every facet of the oil giant’s business slumped amid Covid-19 lockdowns that stunted economic activity. The explorer’s oil and natural gas unit took a hit of as much as $3.1 billion as prices for those commodities slumped, according to a regulatory filing. Margins in Exxon’s refining business contracted ...