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BRICS nations formulate first ever joint Climate Crisis policy
The BRICS bloc approved its first coordinated climate finance framework on May 30, marking the group’s first unified policy to fund climate action and setting the foundation for a shared position ahead of the COP30 meeting due to be held in Brazil.
South African developer Mulilo wins large battery energy storage contracts in Free State worth $391mn
Mulilo Energy, a green energy company chaired by Jan Oberholzer, a former COO of South Africa’s state-run power utility Eskom, has been selected as the preferred bidder for four major battery storage projects in the Free State, South Africa.
Bulgaria’s Anti-Corruption Fund reveals massive secret energy cartel
NGO’s investigation finds cartel comprising over 150 companies with turnover of €2.6bn owned by controversial businessman Hristo Kovachki.
South Korea’s KHNP to lead site study for Uganda’s first nuclear plant
Korea Hydro & Nuclear Power (KHNP) has been contracted by Uganda’s Ministry of Energy and Mineral Development to evaluate a proposed site for the country’s first nuclear power plant.
Ghana launches major renewable energy drive with backing from Switzerland and AfDB
Ghana has inaugurated a large-scale renewable energy initiative aimed at delivering clean, sustainable electricity to tens of thousands in underserved communities, in partnership with key international stakeholders.
South Africa’s Discovery Green signs offtaker agreement with Red Rocket for 150 MW from Overberg wind project
South Africa’s electricity trader Discovery Green has concluded its first power purchase agreement (PPA) as an offtaker in Phase 2 of independent power producer (IPP) Red Rocket’s Overberg Wind Farm.
COMMENT: Chinese firms carving up Tesla's once solid brand recognition
While Tesla remains a powerful player in the EV market, its star has dimmed, particularly in China, today the world’s largest EV market and increasingly its most competitive.
Japan: the land where ancient geothermal use is part of the problem
Onsen have long been a part of the daily lives of Japanese, and are seen as so integral to the culture as likely to trump any ‘new-fangled’ technological ideas in the eyes of many – younger Japanese included.
Kosovo Chamber of Commerce sues over abrupt electricity market liberalisation
Lawsuit follows protest by businesspeople demanding a transition period before full liberalisation.
ADNOC Drilling enters Kuwait and Oman with rig deal
ADNOC Drilling is embarking on a significant dual expansion, venturing into Kuwait and Oman through a strategic acquisition
Iraq and Kuwait launch joint project to combat dust storms
Iraq's Ministry of Agriculture has announced a joint project with Kuwait aimed at reducing dust and sand storms that have increased in frequency and intensity over the past two years.
Trump rollback on clean energy puts carbon capture and storage technologies at risk
The Trump administration’s reversal of climate and clean energy policies is projected to result in billions of tons of additional carbon-dioxide emissions and stall efforts to develop carbon capture and storage.
MOL to take majority stake in Hungary's leading engineering university
Hungary's MOL is set to take majority ownership in the state-owned company running Budapest University of Technology and Economics, Hungary's most prestigious engineering institution, for HUF50bn (€120mn).
CITIES IN PERIL: Accra under water
Climate change and urban crisis collide in Ghana’s capital.
CITIES IN PERIL: Cities confront the rising tide of climate change
Fast and chaotic urban population growth combined with climate challenges on multiple fronts are putting cities at risk around the world.
Bolivia's $2bn lithium deals with China and Russia suspended by court ruling
A court in Potosí halts $2bn lithium projects with Russia’s Uranium One and China’s CBC in Bolivia, home to the world’s largest lithium reserves, over legal and environmental concerns tied to direct lithium extraction plans.
Water will one day be more valuable than oil in Central Asia, warns Tajik analyst
Melting of glaciers in Tajikistan’s mountains a grave threat to region’s water security.
TotalEnergies divests its non-operated interest in Nigeria’s Bonga field
TotalEnergies' Nigerian subsidiary TEPNG has signed an agreement with Shell Nigeria Exploration and Production Company Ltd (SNEPCo) for the sale of its non-operated 12.5% interest in the OML 118 Production Sharing Contract (PSC) for $510mn.
Nigerian court dismisses $1.3bn Malabu claim against Agip over OPL 245
The Nigerian Agip Oil Company has secured a legal victory after the Court of Appeal in Abuja dismissed a $1.3bn claim by Malabu Oil and Gas concerning the ownership of the disputed Oil Prospecting Licence (OPL) 245.
South Africa faces crude oil supply crisis as Sasol’s refinery warns of possible closure
South Africa is facing a mounting crude oil supply crisis, with serious implications for its energy security. At the heart of the issue is the financial strain on the Natref refinery in Sasolburg.
Glenfarne selects Worley for additional Alaska LNG pipeline work
Glenfarne Alaska LNG announced on May 27 that it had selected Worley to carry out additional engineering work and prepare a final cost estimate for the planned Alaska LNG pipeline.
Cheniere strikes deal to buy gas from CNRL
US LNG exporter Cheniere Energy has struck a deal to buy natural gas from Canadian Natural Resources Ltd (CNRL).
India’s remote Northeast emerges as a green energy frontier
India’s Northeast is gaining renewed strategic and economic significance as the country recalibrates its regional posture amid evolving geopolitical dynamics
Chevron ends Venezuelan oil production, investment, exports
Chevron has ended its oil production contracts in Venezuela, after its US licence to operate there was cancelled.
Citgo auction extended as Venezuela's PDVSA wins key US court battle in $1.5bn debt dispute
A US federal judge has extended the deadline for bidding on Citgo Petroleum's parent company until June 2, following a significant New York court ruling that has reduced litigation risks surrounding Venezuela's most valuable overseas asset.
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