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REM: Wind power must not become too cheap, says leading turbine maker

Wind power could become too cheap, trimming the profit margins of component manufacturers too much, said Andreas Nauen, chief executive of Siemens Gamesa, in an interview in Copenhagen with Reuters.

A new business proposition for IOCs working in Africa

Norway’s EW&P shows interest in helping Africa’s oil-producing states use associated gas to power data centres on offshore drilling platforms.

TotalEnergies ready to invest billions of dollars in Libyan projects

TotalEnergies (France) has announced plans to invest billions of dollars in Libya’s oil industry, which has succeeded in boosting production levels considerably since the signing of a ceasefire agreement last year.

ENERGO: French Akuo Energy SAS set to build €270mn solar power park in North Macedonia

Ukraine asks Gazprom to extend gas transit deal for 15 years

Ukraine has asked Russia’s gas behemoth Gazprom to extend the current gas transit deal that expires in 2024 for another 15 years and has offered to cut transit fees in half.

LatAmOil: Braskem Idesa JV reports US ethane imports up in September

Braskem Idesa (BI), the Brazilian-Mexican joint venture that owns the Nanchital petrochemical complex in Veracruz State, saw ethane import volumes climb to an all-time high in September of this year.

AfrOil: TotalEnergies ready to invest billions in Libyan projects

TotalEnergies (France) has announced plans to invest billions of dollars in Libya’s oil industry.

MEOG: A flurry of contract awards

DMEA: Downstream deals and progress

AsianOil: Woodside takes FIDs on Scarborough and Pluto LNG 2

Australia’s largest oil and gas producer Woodside has reached final investment decisions for both the Scarborough gas field development as well as the expansion of the Pluto liquefied natural gas facility.

NorthAmOil: US confirms co-ordinated SPR release

The US announced this week that it would release 50mn barrels of crude from its strategic petroleum reserve (SPR). The move will be co-ordinated with China, India, South Korea, Japan and the UK in a bid to provide relief from high oil prices.

GLNG: LNG trade booms ahead of winter

The global LNG trade is booming ahead of the Northern Hemisphere winter.

EurOil: Shell leaves the Netherlands

FSUOGM: Rosneft expands in German refining

Commercial activity in Turkey grinding to halt amid uncontrolled lira depreciation

Collapse of currency pushing up prices of imported raw materials. Fertilizer and other producers sitting on output as they cannot determine how prices will develop.

Russia’s Gazprom threatens to cut Moldova’s gas off in 48 hours over unpaid bill

Russia’s national gas company Gazprom warned the Moldovan government on November 22 it would cut off gas supplies unless an overdue payment for gas was settled within 48 hours.

bneGREEN: Russian metallurgical giants see growing demand for low-carbon metals

Metals demand is booming as increased use in transport products and energy transition projects to curb climate change begin to roll out in larger scale. And that is unlikely to stop anytime soon.

Serbia looks to nuclear as it embarks on green transition

Belgrade wants to increase energy security and is also exploring its options for reducing emissions.

Greece goes shopping for new defence relationships

Greece is building new defence relationships with Israel, Egypt, France and the US.

ExxonMobil unit orders fourth FPSO for Stabroek

EEPGL has contracted SBM Offshore to build a 250,000 bpd vessel that will be installed at Yellowtail, the fourth development target in Guyana’s offshore zone.

Scandal over delayed payments grows as Ukraine’s Guaranteed Buyer confirms payment delay of debt to DTEK Renewables

Ukraine’s state-owned Guaranteed Buyer (GarPok) that is responsible for paying power producers confirmed on November 16 it had delayed settling its green power debt with DTEK Renewables.

Morocco’s gas supply woes

Against the backdrop of tight gas markets in Europe, Morocco has lost access to gas from Algeria, its main supplier.

FPRI BMB Ukraine: Ukraine facing a potential energy crisis this winter

The geopolitical conflict over energy, particularly gas with the impending (though temporarily suspended) certification of Nord Stream 2, is spilling over into the coal and electricity sector, putting Ukraine on the verge of a potential energy crisis

ENERGO: Finland's Fortum to supply green energy to Uralkali

REM: GE’s new energy company will face a tough market as renewable energy booms

When General Electric Co. spins off its power business in 2024, the US conglomerate’s renewable-energy business will attract investment because of its reputation – but it will also face a cutthroat market from European and Chinese competitors.