article thumbnail

Nio garners $2.2 billion investment from UAE fund

Teslarati

Nio’s investment comes from Abu Dhabi-backed firm CYVN Holdings, after the automaker also gained a $1 billion round of financing from the company in July, according to Financial Times. We are looking for new investors, and financing is one of our daily jobs,” Qin said. “We The post Nio garners $2.2

UAE 90
article thumbnail

BP takes delivery of 6 new LNG tankers

Green Car Congress

BP is taking delivery of six new, state-of-the-art liquefied natural gas (LNG) tankers to support its expanding global LNG portfolio, and to respond to growing demand for lower-carbon energy sources around the world. BP also participates in LNG projects in Australia, UAE, Indonesia, Trinidad and Angola.

Trinidad 150
article thumbnail

Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

Green Car Congress

Together, the three quotes provide a framework for analyzing Saudi options heading into the December 4 OPEC meeting in Vienna and its choices vis-à-vis the OPEC outsiders (all members but Saudi Arabia and its Gulf Arab allies, Kuwait, UAE, Qatar): reconciliation, separation, or divorce. If You’re a Free Range Oil Producer. percent to $38.1

Oil 150
article thumbnail

Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

Green Car Congress

The UAE includes data for three SWF funds only: Abu Dhabi Investment Authority ($773 billion), Abu Dhabi Investment Council ($110 billion), and Investment Corporation of Dubai ($183 billion)). percent, during the same period; during the same period, OPEC output as a share of global output declined slightly, from 39.5 percent from 10.2

article thumbnail

IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

Green Car Congress

However, the report notes, renewable energy price improvements are not universal, and costs range widely according to resources and the availability of financing. These technologies will become more cost-competitive in future, especially where low-cost financing is available. of Cape Wind output; National Grid had agreed to buy 50%.

Renewable 150
article thumbnail

Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

They include bans on financing for and the supply of critical equipment and technology to important Russian energy projects. Novatek and its partners Total and Chinese National Petroleum Company still lack $15 billion of the $27 billion needed to finance the Yamal LNG plant. The emergence of the U.S., This has transformed the U.S.

Russia 150
article thumbnail

Polestar’s Q3 revenue and gross profit skyrocket, operating loss trims by 33%

Teslarati

Polestar’s ( NASDAQ: PSNY ) position as one of two global, pure electric vehicle makers was solidified with a strong Q3 earnings report that featured skyrocketing revenue and gross profit figures and an operating loss that was reduced by one-third. and the USA. Gross profit also grew considerably compared to the same quarter in 2021.

Kuwait 73