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Company seeks $20bn compensation from Canada for LNG terminal denial
The companies behind the $10.1bn GNL Québec and Gazoduq projects in Québec are seeking $20bn in compensation from the federal government of Canada for turning down an LNG terminal, Énergie Saguenay.
EBRD is providing $80mn equity bridge loan to Egypt Green Hydrogen to build 100-MW electrolyser facility
The European Bank for Reconstruction and Development (EBRD) is providing up to $80mn for an equity bridge loan to Egypt Green Hydrogen, the developer and operator of Egypt’s first green hydrogen production facility.
Angolan refineries making overdue progress
After many years of waiting, Angola is expected to see the launch of two new refineries between now and 2026.
S&P puts South Africa's power utility ESKOM on CreditWatch positive on expected $14bn government debt relief
A commitment by South Africa’s government to take on $14bn of power utility ESKOM’s $23bn debt has encouraged ratings agency, S&P, to give the company positive ratings.
European Commission proposes accelerating renewables
The European Commission has proposed reforming the EU’s electricity market to accelerate renewable energy. Natural gas would be phased out, a proposal likely to be opposed by some members countries.
China drives global wind turbine orders to new record in 2022
Global wind turbine order intake hit new highs in 2022, with 44 GW procured in the fourth quarter and 134.6 GW for the year. Both of these order intakes were records, says a new analysis by Wood Mackenzie.
Pemex CEO says company is exploring options for repayments of debts in 2023-2024
Mexico’s Pemex is currently exploring options for repaying its heavy load of debts that are due to mature in 2023 and 2024, according to the firm’s CEO.
Osaka Gas to purchase more LNG than usual in upcoming fiscal year
Japan’s Osaka Gas will buy more LNG than usual in the financial year beginning in April as it seeks to guarantee a stable supply of the super-chilled fuel as experts predict global supply will remain tight.
Ireland okays new framework for next auction of offshore wind
The Irish government has approved a new framework for developing the next phase of offshore wind. An auction will be held later this year, with projects expected to come online by 2030.
Japan’s Daiwa buys stake in 1.2-GW Hornsea One offshore wind project in UK
Daiwa Energy & Infrastructure, a strategic investment arm of Daiwa Securities Group, has purchased a minority stake in Hornsea One off the east of the UK, the world’s largest operating offshore wind project.
Steep drop in solar installations in US in 2022
The United States added 20.2 GW of new solar capacity in 2022, a 16% decrease from 2021.
Hess CEO does not expect Guyana’s relinquishment demands to affect development work at Stabroek
US-based Hess Corp. does not expect Guyana’s demand that ExxonMobil (US) relinquish 20% of the offshore Stabroek block to affect development operations.
Petrobras CEO meets Colombian energy minister to discuss bilateral co-operation
Brazil’s Petrobras said its CEO Jean Paul Prates met with Colombia’s Minister of Mines and Energy Irene Vélez Torres at the CERAWeek conference in Houston on March 9.
Octopus Energy to invest €1.07bn in French green energy market
Octopus Energy, the UK’s third-largest energy retailer, has announced plans to invest €1bn (€1.07bn) in the French green energy market over the next two years.
Shell, Gulf Wind Technology to collaborate on wind turbine for Gulf of Mexico
Gulf Wind Technology (GWT) has partnered with Shell New Energies US in creating the Shell Gulf Wind Technology Accelerator programme. Shell has invested $10mn in GWT for this endeavour.
Shell announces final investment decision on Dover in US Gulf of Mexico
Shell has announced the final investment decision for Dover, a planned subsea tieback to the Shell-operated Appomattox production hub in the US Gulf of Mexico.
Renewables gain speed in Brazil, Chile and Colombia, Mexico falls behind
Latin America has the potential to increase its utility-scale solar and wind power capacity by more than 460% by 2030 if all 319 GW of prospective new projects in the region come online, according to a new report from Global Energy Monitor.
EBRD approves €300mn funding for Serbia’s EPS
Petronas enjoys profit bump from high prices, increased sales volumes
Malaysia’s Petronas reported on March 13 a 55% climb in profits for the first quarter on the back of higher prices and increased sales volumes.
Building commences on Shaheen project
A ceremony was held last week in Ulsan, South Korea, to mark the start of work on the $7bn Shaheen integrated petrochemical plant located in Onsan Industrial Complex.
Ecopetrol dismisses proposal for re-opening gas pipeline to Venezuela
Felipe Bayon, the CEO of Colombia’s Ecopetrol, has dismissed proposals for re-opening and reversing the flow of a dormant cross-border natural gas pipeline to Venezuela.
YPF, Petronas hope to make FID on Argentina GNL project next year
Argentina’s YPF and Malaysia's Petronas expect to make a final investment decision on a natural gas and LNG project in 2024.
Invenergy, LONGi to develop 5-GW solar module factory in US
Renewables developer, owner, and operator Invenergy has entered into a joint venture with Chinese photovoltaics (PV) manufacturer LONGi to build a 5-GW solar module plant in Ohio in the US.
Accelerating wind projects ”key tool” for developing countries
Accelerating wind deployment can be a key tool for developing countries looking to grow their economy and deliver on climate goals, says the Global Wind Energy Council (GWEC).
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