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Canada’s plan to end “inefficient subsidies” for fossil fuels to be unveiled in July
Canada’s plan to end billions of dollars in “inefficient subsidies” for fossil fuels will be unveiled in July.
Denbury expands CO2 sequestration portfolio in Louisiana
Denbury Inc and Lapis Energy are to form a joint venture to develop a CO2 sequestration project in St. Charles Parish, Louisiana. Denbury has also secured an additional CO2 sequestration Site in St. Helena Parish, Louisiana.
Guyana’s evolving gas plans
As interest in the Stabroek block’s gas reserves picks up, Georgetown is taking steps to lay a legal foundation for joint development projects with Suriname.
ExxonMobil, Guyana reportedly negotiating terms of relinquishment for up to 20% of Stabroek
ExxonMobil (US) and Guyana are currently engaged in discussions regarding the return of unexplored sections of the Stabroek offshore block to government ownership.
Japan succeeds in low-carbon biomass replacing LNG aboard ship
In Japan, seven domestic firms, including globally renowned shipping heavyweight Mitsui OSK Lines (MOL), have recently wrapped a trial of low-carbon liquid form bio-methane on an LNG-powered vessel.
Renewables exceed half of German power use in first half of 2023
Renewable energy made up 52.3% of Germany's power use so far in 2023, up 3.1 points on the same period in 2022, data show.
Oil producers angry over proposed Trans Mountain pipeline tolls
Oil shippers on the Trans Mountain pipeline expansion project are challenging proposed tolls filed by government-owned Trans Mountain Corp in Canada.
Pemex budgets nearly $20mn for “Energy Train” upgrade scheme at Madero refinery
Mexico’s national oil company Pemex has reportedly budgeted MXP338mn ($19.7mn) to cover the cost of upgrade work at the Francisco I. Madero refinery in Tamaulipas State.
Guyana’s draft petroleum law aims to prevent government officials from owning oil and gas blocks
Guyana's draft Petroleum Activities Bill contains anti-corruption provisions that are designed to prevent government officials and their family members from owning a petroleum licence.
Illegal mining deaths mar Indian efforts to cut back on coal developments
Illegal mining has long been an issue ignored in the developing world, but in recent months it has become a problem the authorities in India are starting to take more seriously.
GAIL India adds 175-km Gurdaspur-Jammu pipeline to its portfolio
When complete, the deal will take the total length of GAIL’s operational pipelines across the country to 15,575 km, subject to the possible addition of other proposed pipelines in the meantime.
Oregon County sues oil, coal companies for $51bn over 2021 deadly heat dome
Oregon’s most populous county has sued more than a dozen oil and coal companies over a deadly heat dome in 2021.
Annual renewable power must triple by 2030 – IRENA
The world’s annual renewable power production must triple by 2030 to meet the Paris Agreement goal of no more than a 1.5 degree Celsius rise in temperature.
Non-performing loans surge in Ukraine's renewable energy sector
The number of non-performing loans in Ukraine’s renewable energy sector increased to 51% at the start of May, according to a report from Ukraine’s National Bank (NBU), Ukraine Business News reported on June 29.
Petrobras launches $1.25bn securities issue
Brazil’s national oil company Petrobras has returned to global debt markets for the first time in two years via the launch of a $1.25bn debt issue.
CGX, Frontera report new discovery at Wei-1
Canada’s CGX Energy and its joint venture partner Frontera Energy have discovered additional hydrocarbons in Wei-1 well, the second exploration well drill at the Corentyne block offshore Guyana.
TotalEnergies, Petronas, Mitsui team up on Malaysia CCS
This collaboration aims to evaluate potential CO2 storage sites in the Malay basin, including depleted offshore fields and saline aquifers.
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