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Aker Offshore Wind to merge with Mainstream Renewable Power
Norwegian Investment company Aker Horizons has announced that Aker Offshore Wind (AOW) will be combined with Mainstream Renewable Power to create an “industrially and financially stronger renewable energy developer.”
Sapura saga continues to unfold
Malaysia’s debt-ridden Sapura Energy continues to explore ways to avoid bankruptcy after state-owned Petronas denied reports that it could buy a significant stake in the services firm.
US Wind announces $11mn for offshore wildlife research
US Wind has announced $11mn in funding over ten years to the University of Maryland Center for Environmental Science for research aimed at understanding the potential effects of offshore wind development on marine wildlife
EU launches WTO challenge against UK over offshore wind
The European Union has launched its first ever challenge against Britain at the World Trade Organisation (WTO) over the UK’s subsidy scheme for offshore wind. The UK left the EU in January 2020 in a move called Brexit.
Maersk wins installation contract for more than 2 GW of US wind farms
In the US, Maersk Supply Service will construct a pioneering wind installation vessel for Equinor and oil super-major bp for the Empire 1 and 2 wind offshore farms, which together will comprise more than 2 GW and come online 2026-2028.
Gazprom no longer owner of German subsidiary
Biden announces largest SPR release yet
US President Joe Biden has announced the largest ever release of crude from the country’s Strategic Petroleum Reserve in a bid to lower oil prices.
Vermilion to acquire Leucrotta in $382mn deal
Calgary-based Vermilion Energy announced on March 28 that it would acquire Leucrotta Exploration in a deal valued at CAD477mn ($382mn).
ExxonMobil considers expanding gas-to-bitcoin pilot to four countries
ExxonMobil is reportedly considering expanding its North Dakota gas-to-bitcoin pilot to Alaska, and internationally to the Qua Iboe terminal in Nigeria and Argentina’s Vaca Muerta shale play, as well as fields in Guyana and Germany.
Fire at ExxonMobil’s Montana refinery shuts down processing units
A fire broke out at ExxonMobil’s Billings refinery near Lockwood, Montana on March 26, forcing several processing units at the plant to be shut down.
Chinese buyers turn to next wave of US LNG projects for supply deals
New supply deals have been struck in recent days between Chinese buyers and developers of yet-to-be-built US LNG export terminals.
Putin's ruble-for-gas scheme designed to blow a hole in sanctions on the financial system
BHEL wins compressor order for Baiji refinery
Bolsonaro fires Silva as Petrobras CEO, nominates Pires as replacement
Brazil’s national oil company Petrobras is heading for another management shakeup, as President Jair Bolsonaro has announced plans to terminate and replace the firm’s current CEO, Joaquim Silva e Luna.
Confusion reigns over Russia’s rubles-for-gas policy
Petroecuador to let two tankers loaded with Russian diesel land despite sanctions on Russia
Petroecuador, the national oil company of Ecuador, said last week that it had granted force majeure exemptions to two shipments of diesel from Russia that were reported to be in transit.
Shell starts gas production at Colibri
Shell (UK) said on March 31 that one of its affiliates had launched the Colibri project, which targets a natural gas field that straddles two licence areas offshore Trinidad and Tobago.
VP says Guyanese government is in talks with ExxonMobil on insurance guarantees for Stabroek
Guyana’s Vice President Bharrat Jagdeo has announced that the government is in talks with ExxonMobil on securing an insurance guarantee that will cover the entire Stabroek offshore block in the event of an oil spill.
Upsides of Guyana’s GTP project
Industry analysts say Guyana's gas-to-power scheme will help the country cut emissions, improve economy and also bolster energy security.
Wind and solar growth must accelerate to keep pace with demand for power
Wind and solar accounted for a record 10.3% of global electricity consumption in 2021, after solar generation rose by 23% and wind grew by 14%.
KenGen completes 83MW geothermal power plant in Kenya
Kenya has completed building of the 83MW Olkaria I Additional Unit (AU) 6 geothermal plant set to inject more power into the national grid.
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