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EBRD passes €1bn green bond milestone
The EBRD has now invested €1bn in green bonds since 2017, with €524mn allocated in 2021 alone, as it supports emerging green capital markets across Central and Easter Europe.
EU bans petrol and diesel cars from 2035 as Green Deal law moves forward
The EU Council of Ministers has agreed to an effective ban on the sale of petrol and diesel cars from 2035, overcoming last minute opposition from a group of five countries.
Siemens Energy, Air Liquide set up renewable hydrogen JV
Siemens Energy and France’s Air Liquide have announced the establishment of a joint venture for series production of industrial-scale renewable hydrogen electrolysers in Europe.
ExxonMobil and partners to study green hydrogen potential in Norway
ExxonMobil has signed a memorandum of understanding with Grieg Edge, North Ammonia and GreenH to study the possibilities for a green hydrogen and ammonia hub project for lower-emission marine fuels at its Slagen terminal in Norway.
CIP fund to finance Spanish wind farms
Copenhagen Infrastructure Partners’ (CIP) newly established Green Credit Fund 1 (GCF-1) has signed a financing agreement with Capital Energy to help fund 1 GW of onshore wind farms in Spain.
Alternus to buy more solar farms in Poland
Alternus Energy Group is to acquire additional solar farms across Poland totalling 184MW from local developer Projekt Solartechnik (PST), a Famur and TDJ groups company.
France's Voltalia develops solar cluster in Brazil
French renewable energy company Voltalia is developing a new solar photovoltaic cluster in the Brazilian state of Minas Gerais with a potential capacity of more than 1.5 GW.
Petrobras prepares to receive first Guyanese oil cargo
Brazil’s national oil company Petrobras is due to take delivery of its first cargo of Guyanese light sweet crude for domestic refining before the end of this week.
ANCAP awards three blocks offshore Uruguay to Shell and APA
Uruguay’s national oil company ANCAP said last week that Shell (UK) and APA (US) had won licences for three of the six blocks included in its most recent bidding round.
Guyana ready to proceed with GTP project
Guyana’s government has indicated that it is ready to proceed with a gas-to-power (GTP) project that will provide the country with a new source of energy.
Ecuador’s government strikes deal with CONAIE on fuel prices in order to end protests
Ecuador's government has struck a deal with CONAIE, one of the leading organisations representing the country’s indigenous communities, on bringing an end to nationwide protests over fuel prices and other issues.
AMLO acknowledges higher costs for Olmeca refinery project
Mexican President Andres Manuel Lopez Obrador has conceded that the final bill for the construction of the Olmeca refinery is likely to be considerably higher than the most recent government estimates.
Brazil mulls buying Russian diesel
Brazilian President Jair Bolsonaro said on June 27 that his government might be willing to buy diesel from Russia, as that country was willing to supply the fuel at an attractive price.
New Putin decree could force foreign stakeholders out of Sakhalin-2 gas project
Russian President Vladimir Putin signed a decree that will transfer all rights and obligations of the Sakhalin-2 oil and gas project to a new Russian entity, in effect giving the Kremlin the power to nationalise foreigners' stakes.
CNH investigates Pemex following reports of excessive flaring at Quesqui field in 2019
Mexico’s state oil and gas regulator CNH is investigating reports that the national oil company Pemex engaged in excessive associated gas flaring at the Quesqui oilfield in Tabasco state in 2019.
Duport modular refinery set for launch
Poorer cities the most exposed to climate change
An increase in extreme weather events and natural disasters like flooding, heatwaves and landslides will hit urban areas the hardest, making climate change adaptation a matter of paramount importance, the UN has warned.
Chinese dominance drives Asia’s emergence in offshore wind industry
Asia is rapidly overtaking Europe as the main driver of the offshore wind market, with China accounting for 80% of the 21.1 GW of new capacity added in 2021.
Corio, JERA to bid in Taiwan’s third offshore bidding round 3 with Formosa 3
Japanese utility JERA and Corio Generation announced on 30 June that they were ready to bid for the third phase of Taiwan’s offshore wind zonal development with their Formosa 3 project.
Two Caribbean refineries try to move beyond their origins
As the Limetree Bay Refinery in St. Croix tries to sort out disputes over ownership amidst accusations of impropriety, RdK says CPR has a green light to discuss a final agreement for the Isla plant.
ExxonMobil, Imperial strike deal to sell Canadian shale assets
ExxonMobil and Imperial Oil have agreed to sell their Montney and Duvernay assets in Canada to Whitecap resources for $1.5bn.
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