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Orlen’s shares fall nearly 8% in wake of incoming government plan to make it pay for energy price freeze in 2024
China leads global renewables with record installations, says Woodmac
China leads the global renewables race with a record-breaking 230 GW of installations in 2023, says UK consultancy Wood Mackenzie. A $140bn investment in 2023 and mass scale in its domestic market drives China’s advantage, said Woodmac.
Guyana to achieve oil payback in under ten years, WoodMac analyst says
A Wood Mackenzie industry analyst has projected that the Guyana basin should achieve payback within eight to 12 years with oil sales in the range of $60 to $80 per barrel. Wood Mac expects Guyana to show particularly strong upstream growth.
Iran's budget chief defends "realistic" oil price projection in draft bill
Iran’s budget director Davoud Manzour defended the “realistic” oil income projection in a draft budget bill that prioritises tax revenues over oil revenues for the next fiscal year.
Brazil’s RDP Energia to invest $10mn in Toledo biomethane plant
Brazil's Petrobras plans to invest $102bn by 2028
Brazil’s Vale and Petrobras aim to drive demand for green hydrogen
Brazil’s state-owned energy major, Petrobras, and mining major Vale have said the two firms have the potential to underpin Brazilian demand for green hydrogen.
Mexico’s investments in hydrocarbons at $65bn in September
As of September 2023, the sanctioned investment for exploration, assessment, and development plans in Mexico's hydrocarbons industry reached an impressive $65.19bn.
Donald Trump would eviscerate Joe Biden’s climate law if elected again
If Donald Trump is again elected to the White House next November, he would eviscerate President Joe Biden’s landmark climate law, the Inflation Reduction Act and increase investment in oil and gas.
GreenGo Energy says it will develop 60GW renewables project in Mauritania
GreenGo Energy says it will develop Megaton Moon, a 190 TWh green-energy park in Mauritania set to transform the African country and provide net-zero action at scale.
IEA offers five pillars for action at the COP28 climate summit
Renewable energy should be tripled globally by 2030. That is the first of five pillars of action from the International Energy Agency for the COP28 climate summit starting on November 30 in Dubai.
Jailed oligarch Ihor Kolomoisky loses control of stake in Ukraine’s leading privately owned oil and gas company JKX Oil & Gas Ltd.
JKX Oil & Gas’ subsidiary, Poltava Petroleum Company, is a leading non-state oil and gas producer in Ukraine, holding five production licences and one for geological study, including pilot production.
Armenia, Iran to expand supplies under gas for electricity deal
Armenia is planning to ramp up the import of natural gas from Iran under a gas for electricity program, Armenian Minister of Territorial Administration and Infrastructure, Gnel Sanosyan, said.
China dragging its heels on Power of Siberia 2 gas pipeline investment, price deal
China is dragging its heels on committing to investments into the Power of Siberia 2 gas pipeline as it pushes for deeper discounts for Russian gas.
Host UAE planned to use COP28 for oil deals
COP28 host, the United Arab Emirates, has planned to use its status at the UN annual climate conference in Dubai to make new oil and gas deals with as many as 15 member nations, according to leaked briefing documents obtained by the BBC.
Pakistan sees only top-drawer bids for January LNG delivery
Pakistan has received four international bids for the supply of an LNG cargo in early January, with the lowest bid at $18.46 per unit
Bulgaria's ESO to invest €500mn in power grid upgrades in joint project with Romania
Mexico Pacific awards contract for Saguaro LNG pipeline
Mexico Pacific, the developer behind the planned $14bn Saguaro Energia LNG export project, has granted the engineering, procurement, and construction (EPC) contract for the pipeline that will supply natural gas to the proposed facility.
Sri Lanka greenlights $4.5bn refinery project with China’s Sinopec
The government of Sri Lanka on November 27 approved a crucial $4.5bn refinery project proposed by Chinese state refiner Sinopec, according to the country's Energy Minister, Kanchana Wijesekera.
Carlyle faces Gabon’s preemption in $1.3bn sale of Assala Energy deal to Maurel & Prom
Equinor sells Nigeria oil business to Chappal Energies
Norwegian energy group Equinor announced on November 29 it will sell its Nigerian business, including its stake in the Agbami oil field, to Nigerian-owned Chappal Energies for an undisclosed amount.
EEC extends duty-free EV imports measure for Kazakhstan, Kyrgyzstan, Belarus and Armenia
Heineken partners with Daystar Power to produce solar energy for subsidiary Nigerian Breweries
ING: What companies and investors should know about COP28
COP28 will focus on ramping up efforts and investment in climate mitigation, adaptation and loss and damage control. It's now crucial that companies invest in clean technologies, harness climate finance opportunities and contribute to systems change.
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