Latest Stories

TC Energy restarts sections of Keystone pipeline following spill

16 December 2022

TC Energy has restarted operations in sections of the Keystone pipeline unaffected by the spill of 14,000 barrels in rural northern Kansas. The Canadian company said that it had told regulators and customers of its plan.

USAID announces $150m drive to bring power, internet to 10,000 health facilities across sub-Saharan Africa

16 December 2022

The 5-year Health Electrification and Telecommunication Alliance (HETA) programme will invest USAID resources to leverage over $150mn of private sector resources to install renewable power

ING: From plane to train: Europe is pushing climate-friendly travel.

16 December 2022

To reduce carbon emissions, Europe aims to transition travellers from planes to trains. Its extensive rail network and the growing consumer demand for greener transport solutions provide a clear opportunity.

What’s next for Chevron in Venezuela?

16 December 2022

Chevron is expected to send a cargo of Merey crude to the US Gulf Coast market by the end of the year but faces constraints in its ability to invest in upstream production.

Canada ends support for international fossil fuels projects

16 December 2022

Canada has ended financial support for international fossil fuel projects, including oil and gas, said the Ottawa government.

Biden administration starts to ban federal buildings from using natural gas

16 December 2022

The administration of President Joe Biden is seeking to ban federal buildings from using fossil fuels. Natural gas is typically used for heating and cooking.

Pembina, KKR to sell stake in western Canada gas pipeline

16 December 2022

Calgary-based pipeline operator Pembina Pipeline’s joint venture with KKR has agreed to sell its 50% share in the Key Access Pipeline System (KAPS) to Stonepeak Partners for CAD662.5mn ($484.8mn). Stonepeak is a private equity firm.

Crescent Point to buy Kaybob Duvernay assets in Canada from Paramount Resources

15 December 2022

Crescent Point Energy is to buy Kaybob Duvernay assets in Canada from Paramount Resources for CAD375mn ($277mn).

bneGREEN: Bulgaria’s capital bans old cars from traffic-clogged city centre

15 December 2022

Bulgaria tackles EU's worst air pollution with ban on cars registered before 1996.

Apocalypse 2050: World on course for 15% GDP fall

15 December 2022

The world is set to see global GDP plummet by a catastrophic 15% by 2050 if current emissions trends are not reined in and global warming reaches 2.2°C by 2050.

Ukraine turns to Europe for electricity

15 December 2022

Ukraine turns to Europe for its electricity imports after Russian shelling caused a major deficit, Ukraine Business News reported on December 15.