Latest Stories

Green light for Arctic LNG 2

11 September 2019

Russia’s Novatek has greenlighted the development of its second LNG export project in the Arctic, as it sets its sights on becoming one of the world’s leading LNG producers.

Czech energy giant CEZ buys a stake in German solar start-up Zolar

11 September 2019

CEZ executive calls Zolar the "pioneer of an innovative, decentralised model for purchasing rooftop solar systems".

Valero, Darling to build renewable diesel refinery in Texas

10 September 2019

Valero Energy and Darling Ingredients said on September 9 that they are planning to build a renewable diesel refinery in Port Arthur, Texas, through their 50:50 Diamond Green Diesel joint venture.

Canadian court allows new challenges to Trans Mountain expansion

10 September 2019

Canada’s Federal Court of Appeal has agreed to hear appeals against the approval of the Trans Mountain pipeline expansion project.

Crescent Point sells all Uinta assets, some in Saskatchewan

10 September 2019

Crescent Point Energy has agreed to sell all of its assets in the Uinta Basin, as well as some in Saskatchewan, to several parties for a combined CAD912mn ($693mn).

Iran, Saudi Arabia vie for India’s affections

10 September 2019

Middle Eastern rivals Iran and Saudi Arabia have expressed their commitment to supplying India with oil and gas as they vie to deepen their relationships with the world’s third largest energy consumer.

Gunvor bids low in Pakistani LNG tender

10 September 2019

Gunvor has reportedly emerged as the lowest bidder for most of the cargoes in Pakistan’s recent spot liquefied natural gas (LNG) supply tender.

Turkey’s banking association expects $10bn of electric utility loan restructuring this year

10 September 2019

Energy companies left up to their necks in debt by lira crisis.

Japan's Cosmo Eco Power plans 1 GW of offshore wind

10 September 2019

Japan’s Cosmo Eco Power has unveiled ambitious preliminary plans to build the country’s largest wind farm off the island of Hokkaido.

Ørsted commissions second phase of Taiwan’s Formosa 1 wind farm

10 September 2019

Ørsted has begun commissioning the second phase of Taiwan’s Formosa 1 offshore wind farm

SE Asia’s hydro potential must balance power needs and potential environmental damage

10 September 2019

International observers are closely watching the boom in hydro projects on the Mekong River, where China’s Belt and Road ambitions and the region’s power politics collide

Freeport LNG secures over $1bn for Train 4

10 September 2019

Freeport LNG Development announced on September 9 that it has struck a deal with Westbourne Capital under which the latter and its co-investors will provide $1.025bn in the form of a mezzanine loan.

Nigeria’s CESL arranges to buy Armada Perdana FPSO from Malaysian company

10 September 2019

Malaysia’s Bumi Armada said last week that it had arranged to sell a floating production, storage and off-loading (FPSO) unit to Century Energy Services Ltd (CESL) of Nigeria.