Thursday, February 6, 2025
Netherlands’ $900 billion pension funds ready to invest big in renewables- oil and gas 360

Netherlands’ $900 billion pension funds ready to invest big in renewables

Oil Price The Netherlands’ five largest pension funds have said they are willing to invest billions in the country’s renewable energy sector and the electricity grid. The funds, with a combined 900 billion euros ($975 billion) in assets, have offered to help with finances and expertise in the nation’s electric grid expansion and sustainable heating projects. “We want to make a bigger

Elliott prepares over $1 billion to invest in metals mining assets- oil and gas 360

Elliott prepares over $1 billion to invest in metals mining assets

Oil Price Elliott Investment Management is preparing to roll out a new company with an at least $1 billion war chest to invest in metals mining assets around the world, to take advantage of the energy transition and the currently low market valuations of mining companies, the Financial Times reported on Friday, citing sources with knowledge of the plans. Elliott, the U.S.

Colombia's Ecopetrol to invest up to $6.7 bln in 2024- oil and gas 360

Colombia’s Ecopetrol to invest up to $6.7 bln in 2024

Nasdaq BOGOTA – Colombia’s state-run oil company Ecopetrol ECO.CN will invest between $5.7 billion and $6.7 billion and produce up to 730,000 barrels per day equivalent (boepd) in 2024, it said in a statement. A majority of that spending, about $4.8 billion, will go toward keeping production between 725,000 and 730,000 boepd, the company’s refineries at between 420,000 and 430,000 barrels

Google and Chevron invest in nuclear fusion startup that’s raised $1.2 billion- oil and gas 360

Google and Chevron invest in nuclear fusion startup that’s raised $1.2 billion

CNBC Google and Chevron are part of a $250 million funding raise announced Tuesday for TAE Technologies, a nuclear fusion startup with an unconventional strategy that has now raised a total of $1.2 billion. Nuclear fusion is often referred to as the holy grail of clean energy because of its promise of generating nearly unlimited emission-free energy without the equivalent harmful, long-lasting radioactive waste

Shell to invest up to 25 bln pounds in UK's energy sector- oil and gas 360

Shell to invest up to 25 bln pounds in UK’s energy sector

Nasdaq March 24 – Shell SHEL.L will invest up to 25 billion pounds ($33 billion)into the energy system in Britain over the next decade, a senior executive at the oil major said, and over 75% of which will be funnelled into zero-carbon products and services. Shell plans to invest between 20 billion pounds and 25 billion pounds, David Bunch, head of the