Latest Stories

HPCL expects Indian oil demand recovery soon

3 June 2021

As India’s coronavirus (COVID-19) infections ease from record highs just a few weeks ago, hopes are growing that a recovery in oil demand is just around the corner.

Petronas builds upstream momentum

3 June 2021

Malaysia’s state-owned Petronas has announced the award of a new deepwater services contract, as the company looks to bolster production at new and existing fields.

Sinopec looks to cleaner future

3 June 2021

The state-owned refiner is investing in both petrochemicals and hydrogen as it plans for a decline in transportation fuel demand.

Venture Global unveils CCS plan for Louisiana LNG projects

3 June 2021

US-based Venture Global announced last week that it would develop carbon capture and storage (CCS) capacity to serve two of its LNG export projects on Louisiana’s Gulf Coast.

Hess, ExxonMobil expect work on Yellowtail project to move ahead quickly

3 June 2021

ExxonMobil and Hess have both indicated that they expect to move forward quickly with preparations for oil production at Yellowtail, the fourth section of the Stabroek block offshore Guyana slated for development.

Equinor announces Bacalhau FID

3 June 2021

Equinor (Norway) and its partners have made a final investment decision (FID) on the development of Bacalhau, an offshore oilfield in the pre-salt zone of the Santos basin.

REM: EDPR enters Chile with 628-MW wind, solar portfolio

3 June 2021

REM: EDPR enters Chile with 628-MW wind, solar portfolio

Surging iron prices are driving up carbon costs for the producers

3 June 2021

Iron prices have surged to nine-year highs in the post-COVID commodities boom that got underway at the end of last year, but that is now pushing up the cost of carbon for producers and eating into their profits.

ASIAELEC: Suzlon seals 252-MW turbine order with CLP India

3 June 2021

ASIAELEC: Suzlon seals 252-MW turbine order with CLP India

AFRELEC: Mozambique begins construction of $1bn power plant and transmission line

3 June 2021

AFRELEC: Mozambique begins construction of $1bn power plant and transmission line

Coal’s 2021 rally takes advantage of post-pandemic growth

2 June 2021

Recent rallies in coal prices and a rise in US coal exports point to a surge in demand for coal worldwide as the global economy begins to enter a post-pandemic recovery.

JERA to pursue ammonia as generating fuel

2 June 2021

Japan’s JERA, the country’s largest power generator, has revealed plans to develop a global supply chain for ammonia.

POSCO signs up to support Ørsted’s 1.6-GW offshore plans in South Korea

2 June 2021

South Korea’s POSCO has agreed with Ørsted to support the Danish company’s development of 1.6 GW of offshore wind projects off the coast of Incheon City.

ENERGO: RusHydro posts rising revenues

2 June 2021

ENERGO: RusHydro posts rising revenues

BP buys $220mn of US solar development projects

2 June 2021

Oil company BP has agreed to purchase 9 GW of solar development projects in the United States from the developer 7X Energy for $220mn.

Agreement to revive Iran nuclear deal ‘now not expected until August’

2 June 2021

Hopes it could be in place ahead of June 18 Iranian presidential election may have been dashed.

ADB issues green loans for 144 MW of wind capacity in Vietnam

2 June 2021

The Asian Development Bank (ADB) has signed a $116mn green loan with three Vietnamese wind developers to build three 48-MW wind farms, raising the country’s wind capacity by 30%.

Romania’s Hidroelectrica reveals 600-MW wind plans

2 June 2021

Romania’s Hidroelectrica has announced plans to build 300 MW of offshore wind capacity as well as 300 MW onshore, alongside a green hydrogen production capacity on the River Danube.

Infrastructure talks in limbo

2 June 2021

President Joe Biden and Senate Republicans are still negotiating to reach a bipartisan compromise on infrastructure, including significant spending on climate and renewable energy, but hopes are fading for a deal. This week is crucial.