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HPCL expects Indian oil demand recovery soon
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
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.
EBRD provides €2mn loan to North Macedonia’s Ohridska Banka for residential energy efficiency investments
Sinopec looks to cleaner future
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
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
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
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
REM: EDPR enters Chile with 628-MW wind, solar portfolio
Surging iron prices are driving up carbon costs for the producers
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
ASIAELEC: Suzlon seals 252-MW turbine order with CLP India
AFRELEC: Mozambique begins construction of $1bn power plant and transmission line
AFRELEC: Mozambique begins construction of $1bn power plant and transmission line
Georgia’s government responds to protesters against HPP Namakhvani with feasibility studies
Coal’s 2021 rally takes advantage of post-pandemic growth
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
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
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.
BP buys $220mn of US solar development projects
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’
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
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
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
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.
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