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JKX announces delisting, share buyback at GBP0.42
JKX announces delisting, share buyback at £0.42
Starsight becomes first Nigerian renewable energy provider to be carbon credit certified
France says it could still move for IAEA action against Tehran for nuclear monitoring breaches
UK to support climate adaption across Africa with $195mn commitment
The UK announced at COP26 GBP143.5mn ($195mn) of new and existing funding to support African governments to roll out critical adaptation projects so at-risk communities can adapt to the impact of extreme weather and changing climates.
Energy minister says Turkey may before end of year renew Russia natural gas deal with higher volume
Morocco and Egypt lead African countries commit to end coal
A swathe of African countries signed up to Global Coal to Clean Power Transition Statement at COP26 on November 4, with Morocco and Egypt both making substantial commitment.
South Africa becomes poster boy for just transition in developing world
South Africa is to benefit from ZAR131bn ($8.5bn) of climate finance from the world’s richest countries in a bid to meet the targets of the Paris Agreement and to reduce significantly the country’s reliance on coal power.
Pioneer to sell Delaware Basin assets to Continental in shale mega-deal
Pioneer Natural Resources has struck a deal to sell its assets in the Permian’s Delaware sub-basin to Continental Resources for $3.25bn.
US LNG feed gas demand hits six-month high amid Sabine Pass Train 6 commissioning
Feed gas demand at US liquefaction and export terminals is reported to have hit a six-month high of 11.8bn cubic feet (334mn cubic metres) last week.
Jade Gas ready to begin Mongolian drilling
Australian independent Jade Gas intends to start its six-well appraisal programme at the Tavantolgoi XXXIII (TT) coalbed methane (CBM) project in Mongolia this month.
Coal dominates at COP26 as more countries join the clean transition
Poland, Ukraine, Vietnam and a host of other major coal-burning countries made clear commitments to phase out coal power in the coming years, as the UK presidency of COP26 claimed that “the end of coal is in sight”.
UK supports Pakistan with $75mn to combat climate change
The UK announced at COP26 more than GBP55mn ($75mn) of support to help Pakistan tackle climate change, as well as manage water more sustainably and unlock climate investment.
South Korea to end coal power by 2050
South Korea aims to end coal-fired power generation by 2050, South Korean President Moon Jae-in said at the G20 meeting on October 31.
IEA aims to forge stronger global regulation of energy transition
The International Energy Agency launched at COP26 a new Regulatory Energy Transition Accelerator, which aims to improve the regulatory capacity needed to decarbonise energy systems and meet the 1.5°C targets.
AsiaElec: UK provides $150mn to support Green Finance in Asia
The Association of South East Asian Nations (ASEAN) unveiled at COP26 its Catalytic Green Finance Facility, which aims to increase access to finance for renewable energy, clean transportation and urban infrastructure projects in the region.
Climate Investment Funds issues new generation of green bonds worth $500mn
The World Bank has backed the issue of $500mn of green bonds ever year for 10 years in a bid to raise private capital to scale up clean energy and sustainable infrastructure in emerging economies.
ONGC under pressure to divest assets
The Indian government’s ongoing quest to improve upstream performance has circled back once more to the idea of forcing state-run Oil and Natural Gas Corp. (ONGC) to relinquish control of several of its production assets.
Could shale rescue China's depleting oil reserves?
New report says Argentina’s oil output is above March 2020 levels
Argentina’s crude oil output has risen above the levels reported in March 2020, before the coronavirus (COVID-19) pandemic began to affect upstream operations, according to Regional Investment Consulting SA (RICSA).
CORC out of the running for Isla refinery
Refineria di Korsou (RdK), the government-run operator of Curaçao’s only oil-processing plant, has decided to eliminate a Dutch-led consortium as a potential buyer of the Isla refinery and associated assets.
Vietnam warns of continued slide in oil production
The Vietnamese government has warned that a years-long decline in national oil production will speed up in 2022, with output predicted to slump by almost 18%.
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