Free Top Stories

McDermott-Sinopec consortium wins LoA for Tilenga EPCC services

16 June 2021

US-based McDermott International has formed a consortium with a subsidiary of China’s Sinopec to provide support services at the Tilenga oilfield in Uganda.

REM: Biden’s wind support moves forward

16 June 2021

The Biden administration will auction leases for offshore wind development off New York and New Jersey. The sale will be the administration’s first, and the ninth overall.

LatAmOil: Trinidad and Tobago eyes green hydrogen production

15 June 2021

Trinidad and Tobago is looking into the possibility of diversifying into hydrogen production, Prime Minister Keith Rowley said last week.

AfrOil: McDermott, Sinopec on track to win $2bn Ugandan contract

15 June 2021

US-based McDermott International has joined forces with Sinopec International Petroleum Service Corp. (SIPSC), a subsidiary of China’s Sinopec, to provide support services at the Tilenga oilfield in Uganda.

AsianOil: Australian government backs oil, gas sector

15 June 2021

Australian Prime Minister Scott Morrison has pledged that the oil and gas sector will “always” be a pillar of the economy, even as domestic investment in clean energy alternatives grows.

GLNG: IOCs reportedly bid to participate in Qatar’s LNG expansion

15 June 2021

Six leading international oil companies (IOCs) have reportedly submitted bids to participate in Qatar’s giant LNG expansion project.

NorthAmOil: Shell reportedly weighing Permian sale

15 June 2021

Royal Dutch Shell is reportedly weighing a sale of some or all of its assets in the US’ Permian Basin.

Russian internet major Yandex outlines ESG goals

11 June 2021

Among Yandex's ESG priorities are reducing its carbon footprint, mainly from data centres and fuel use.

Poland's PKN Orlen bulks up to play in the big league

10 June 2021

As part of the company’s PLN140bn investment drive by 2030, Orlen plans getting into offshore and onshore wind, solar energy, as well as energy storage.

AFRELEC: Access to power rates fall in sub-Saharan Africa in past decade

10 June 2021

The number of people without electricity in sub-Saharan Africa has increased over the last 10 years, with Nigeria, the Democratic Republic of Congo (DRC) and Ethiopia posting the highest number of people without power access.

Central bank says 50% of Romanian bank loans bear climate change risk

10 June 2021

Central bank official warns over banks' climate risk, saying 25.4% of non-government credits finance polluting businesses.

More than half of North Macedonia’s banks start providing green loans

9 June 2021

Most commercial banks in North Macedonia aim to increase the share of green loans in their portfolios, central bank survey finds.

REM: Square to invest in Blockstream's solar-powered bitcoin mining facility

9 June 2021

Financial services firm Square, Inc. and the bitcoin miner Blockstream are investing $5mn in an open-source, solar-powered bitcoin mining facility at one of Blockstream’s sites in the United States.

ASIAELEC: Indonesia confirms plans for 41 GW of new capacity by 2030

9 June 2021

Indonesia is aiming to build 41 GW of new generating capacity by 2030, of which 52% will be fossil fuel-based and 48% renewables.

Savannah in advanced discussions on acquisition of ExxonMobil assets in Chad, Cameroon

8 June 2021

UK-based Savannah Energy is looking to acquire a package of upstream and midstream assets in Chad and Cameroon from ExxonMobil (US).