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COP28: US pledges to end coal
COP28: Masdar signs deals for 1-GW wind, possible green hydrogen plant in Jordan
Masdar has signed a joint development agreement with the Jordanian Ministry of Energy and Mineral Resources for a 1-GW wind project with a battery energy storage system, and a memorandum to explore the feasibility of green hydrogen plant.
Global wind power outlook falls by 29 GW in fourth quarter, says Woodmac
The outlook for the global wind power sector has fallen by 29 GW in the fourth quarter of 2023 (Q4 2023), with the downgrade signifying a drop in cumulative installed capacity to 2.35 TW by the end of 2032.
Peru LNG reports export volumes up slightly m/m in November
Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, saw export volumes rise by more than 7% month on month in November 2023.
Seoul goes overboard with LNG import infrastructure
A recent study conducted by the Institute for Energy Economics and Financial Analysis has revealed that South Korea is undergoing a swift expansion of LNG import and storage terminals, with a significant potential for overinvestment and overcapacity
Falcon Corporation Ltd. secures $241.8mn debt facility from NIDF
Falcon Corporation Ltd. (Falcon) has secured a NGN19.41bn ($241.8mn) debt facility from the Nigeria Infrastructure Debt Fund (NIDF), with some proceeds for the loan set aside for construction of a new state-of-the-art LPG facility.
SB Energy secures $2.4bn for US renewables projects
SB Energy has secured $2.4bn for 1.3 GW from a total of four solar projects in the US.
J&F Group enters Argentine oil and gas sector
J&F Group, Brazil’s largest conglomerate, has acquired two oil and gas production fields from Pluspetrol, marking the company’s entry into Argentina’s oil and gas sector.
Saipem wins $1.9bn contracts with ExxonMobil Guyana and Equinor
Italian engineering, drilling and construction company Saipem has won two offshore contracts with ExxonMobil Guyana and Equinor with a combined value of $1.9bn, which will see the company become involved in the upcoming Whiptail project.
Iran's oil exports to China up by 110% after partnership deal
Iranian crude oil arriving in China has grown more than 110% since the two countries signed a long-term “strategic” partnership agreement in 2021.
Indonesia approves revised Abadi Masela development plan
The Indonesian Ministry of Energy has announced its approval of a revised development plan for the delayed Abadi Masela LNG/gas project. The $20bn plan, led by Japan’s Inpex, calls for a 9.5mn tonne per year onshore LNG facility.
Brazil’s crude, gas output at 4.5mn barrels in October
Brazil's crude and gas regulator the National Agency of Petroleum, Natural Gas and Biofuels (ANP) said the country’s production of crude oil and natural gas in October averaged 4.502mn barrels of oil equivalent per day.
Kenyan power producer KenGen plans 200-MW wind farm
Brazil’s environmental regulator greenlights licence for FSO Pargo
The Brazilian Environmental Institute (Ibama) has granted an operating licence for the floating storage and offloading (FSO) unit Pargo, which will be operated by Perenco at the Pargo Complex in the Campos Basin.
Zimbabwe to mothball three coal-based power plants as part of energy diversification drive
South Africa’s power utility Eskom seen overshooting emergency diesel budget for FY23/24
2023 has been the worst year for power cuts implemented by South Africa’s utility Eskom. By December, Africa’s most advanced economy had 322 days of rolling power outages. It has spent billions on diesel to keep the lights on.
Mozambique to receive $33mn from AfDB to improve its power grid
Petrobras starts natural gas contracts with CEG, CEG Rio
Petrobras has announced it has entered into new natural gas contracts with Companhia Distribuidora de Gas do Rio de Janeiro (CEG) and CEG RIO, the Brazilian state-owned energy major said on December 1.
Bolivian president blames fuel shortages on smugglers, speculators
Bolivia’s President Luis Arce has blamed recent fuel shortages on speculators, claiming that black marketers are diverting large quantities of fuel.
Mexico’s hydrocarbons trade group welcomes regulator’s revisions
The Mexican Association of Hydrocarbon Companies (AMEXHI) has praised the changes made by the National Hydrocarbons Commission (CNH) to various provisions related to the exploration and extraction of hydrocarbons.
Petrobras installs wind measurement sensor in Pescada field
Petrobras has installed a LiDAR (Light Detection and Ranging) sensor on the PPE-1A platform in the Pescada field, located in Rio Grande do Norte, Brazil Energy Insight reported on December 1.
Brazilian Braskem's cash flow could be hit by more claims if Alagoas mine collapses: Fitch
Vietnam's first wind power plant struggles with debt, faces auction
The Bank for Agriculture and Rural Development - West Hanoi Branch has announced the selection of a debt auction organisation for Vietnam Renewable Energy Company Limited
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