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BERTRAND: China now accounts for 64% of world’s renewable energy output
According to the latest report by the International Renewable Energy Agency (IRENA), an extraordinary 64% – nearly two-thirds – of all renewable energy capacity added globally in 2024 was installed in China.
Kazakhstan will put national interests over OPEC+ oil limits, says energy minister
Comments spark fears of price wars and even of a potential de facto exit from the coalition by the Central Asian country.
Azerbaijan and China sign major renewable energy deals
Baku is accelerating its partnerships with major Chinese energy firms in developing large-scale renewable infrastructure, including offshore wind, floating solar and battery storage projects.
Brazil’s Petrobras stock falls 15% in April but analysts maintain bullish outlook
Shares in Brazil’s national oil company (NOC) Petrobras have fallen more than 15% in April, but several leading investment banks are maintaining their buy recommendations, citing attractive dividend yields and valuation metrics
EQT to acquire Olympus for $1.8bn
EQT has agreed to acquire the upstream and midstream assets of Olympus Energy for $1.8bn.
Incoming German government compromises on carbon offsets to boost flagging economy
Germany’s incoming government has conditionally endorsed the European Union’s proposed 2040 climate goal and backed the EC's recommended 90% emissions reduction target but only if international carbon offsets and carbon removals are permitted.
Pakistan's headline-making 22 GW of solar panel imports
This development occurred with limited state intervention. The government, however, played a crucial role in facilitating adoption by removing import tariffs, approving net metering policies and allowing market dynamics to lead the transition.
India moves to cut reliance on Chinese solar modules and PV cells
India has taken significant strides when it comes to reducing import dependency for solar modules and PV cells, which is a result of expanding domestic manufacturing capabilities.
Rising CO2 and temperatures make rice more toxic – The Lancet
Rice, the most widely consumed grain in the world, is likely to become increasingly toxic as global temperatures and carbon dioxide levels rise, according to new research published in The Lancet on April 17.
Equinor mulling appeal or legal action over Trump administration’s halting of massive wind farm off New York
Norwegian oil super major Equinor was just starting to construct an 818-MW wind farm off New York when the Trump administration unexpectedly halted the fully permitted $5bn endeavour.
Ghana provides update on oil and gas investment opportunities at Invest in African Energies: Accra Briefing
The Invest in African Energies: Accra Briefing on April 14 provided an update on the latest developments in Ghana’s oil and gas sector, highlighting upstream and downstream strategic investment opportunities.
Gunvor, ADNOC reportedly shortlisted to buy Shell’s downstream assets in South Africa
The UAE’s Abu Dhabi National Oil Company (ADNOC) and Swiss energy commodities trader Gunvor are among companies that have been shortlisted to buy British energy supermajor Shell’s downstream assets in South Africa.
Huawei expands into Brazil's energy storage market
Chinese tech major Huawei is targeting Brazil's energy storage sector ahead of the country's first battery auction expected in the second half of this year.
Petronas develops AI tools to drive down costs, improve operational efficiency
Malaysia’s state energy firm Petronas is building in-house artificial intelligence capabilities to drive further improvements in its upstream operations.
Wood picks up Iraqi gas support deal
Wood has secured two further contracts worth $11mn from French major TotalEnergies
Nigerian fuel marketers head towards obsolescence as local refining picks up
Nigerian oil marketers are set to potentially lose around N14bn ($8.7mn) following 650,000 barrels per day (bpd) Dangote refinery’s decision to cut petrol prices last week, according to Punch.
How Europe has weaned itself off Russian gas in the last three years
In 2021, Eastern European countries imported almost half of their gas from Russia. Only two countries in the region – Albania and Kosovo – were wholly independent of Russian gas.
Chevron kicks off deepwater production at Ballymore
Chevron has begun production from the Ballymore subsea tieback in the deepwater US Gulf of Mexico.
Iran could attract US pension funds for oil industry investment
The spokesperson for Iran's Oil Products Exporters Union has suggested that Iran could attract capital from US pension funds into its oil industry.
Uzbekistan: Reform drive will soon face critical hump – expert
Russian gas dependency poses significant obstacle.
EU mulls easing methane rules for US LNG
The European Union could take action to make it simpler for US LNG imports to meet the bloc’s methane emissions requirements.
Hungary channels close to €4bn in subsidies to EV battery industry
Hungary's government has confirmed it has poured HUF1.5 trillion (€3.8bn) into its electric vehicle battery sector, evenly split between direct subsidies and infrastructure development.
China’s CNOOC bypasses US and signs LNG deal with ADNOC amid escalating tariff war
State-run China National Offshore Oil Corporation has come to agreement with Abu Dhabi National Oil Corp to purchase LNG from the Gulf company.
ADNOC Drilling wins offshore services deal amid expansion drive
ADNOC Drilling has won a five-year offshore services contract from ADNOC Offshore
Tehran unveils drastic measure to accelerate government's green transition
Iran plans to cut off all government buildings from the national power grid in the coming months, requiring them to switch to clean energy sources to meet their electricity needs.
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