Latest Stories

Australian prices to rise if Narrabri gas fields approved

30 September 2020

Australian power and gas prices could rise if Santos’ Narrabri gas fields are approved, as the gas must travel huge distances to reach customers and generating facilities on the coast.

Green energy provides 11.5mn jobs in 2029

30 September 2020

The number of green jobs in the world rose to 11.5mn in 2019, with solar PV providing 3.8mn, or one-third, of them, the International Renewable Energy Agency (IRENA) said this week.

Sumitomo confirms Five Estuaries leasing rights

30 September 2020

Sumitomo Corp’s Japanese-backed 353-MW Five Estuaries offshore wind project in the UK has secured lease agreements for seabed rights and aims to begin commercial operations in 2030.

Vestas wins 53-MW turbine order from Vietnam

30 September 2020

Vestas has received a 53-MW order from Vietnamese wind developer Thuan Binh Wind Power (TBW) to supply and install 13 of its V150-4.2 MW turbine models to the Phu Lac Phase 2 and Loi Hai 2 wind farms.

Hybrid hydro/PV offers untapped potential

30 September 2020

Building floating solar plants on the reservoirs of existing large-scale hydropower plants could provide a theoretical 7.6 TW of generating capacity, the US Department of Energy’s National Renewable Energy Laboratory (NREL) said this week.

Mexico may reverse energy liberalisation, president says

30 September 2020

Mexican President Andres Manuel Lopez Obrador has said that his administration may reverse the energy reform programme that his predecessor enacted less than a decade ago.

Devon to merge with WPX in $2.6bn all-stock deal

30 September 2020

Shale producer Devon Energy has struck a deal to merge with rival WPX Energy in an all-stock transaction worth $2.56bn.

Russian LNG potentially poised to take market share in Europe

30 September 2020

US efforts to sell more LNG to Europe stand to be undermined by expanding production of the super-chilled fuel in Russia, which could be cheaper for European countries to import.

Libyan oil production set to rise as three terminals re-open

30 September 2020

Libya’s National Oil Corp. (NOC) expects to see crude production levels rise to 260,000 barrels per day (bpd) by the end of this week, following the re-opening of some coastal export facilities.

South Africa pledges support for Mozambican LNG projects

30 September 2020

South Africa has pledged to support gas development in neighbouring Mozambique.

Sonangol reports profits down in 2019

30 September 2020

Angola’s national oil company (NOC) Sonangol has reported that its net profits declined significantly in 2019.

Details of PIB emerge

29 September 2020

Nigeria’s proposed oil law reportedly calls for privatising NNPC, amending the royalty regime and changing the line-up of state agencies overseeing the hydrocarbon sector

Tanzania reports LPG imports up 16.4% in 2019

29 September 2020

Tanzania’s Energy and Water Utilities Regulatory Authority (Ewura) revealed last week that LPG imports went up by more than 16% in 2019.

CNOOC to resume exploration at offshore block in northern Gulf of Mexico

29 September 2020

China National Offshore Oil Corp. (CNOOC) intends to resume exploration activities offshore Mexico after a hiatus of several months.

Guyana extends oil marketing tender deadline, citing pandemic

29 September 2020

The deadline for the submission of proposals for marketing the Guyanese government’s share of oil production has been extended to September 29, owing to complications related to the coronavirus (COVID-19) pandemic.

Ecuador will allow private companies to import, sell fuels

29 September 2020

The government of Ecuador has unveiled a market-oriented reform programme that will allow privately owned companies to import and sell some fuels.

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