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Estonia’s Swedbank to finance construction of 6 Sunly solar parks in Latvia with €22mn
Aliyev approves new law "On Energy"
More countries to start producing electricity from nuclear power, says IAEA
About a dozen new countries should start producing electricity from nuclear power in the next few years, according to IAEA head Rafael Mariano Grossi, including Ghana, Kenya, Morocco, Nigeria, Namibia, the Philippines, Kazakhstan and Uzbekistan.
Serbia invests €180mn in electricity infrastructure
State-owned oil & gas company Pertamina announces roadmap for national energy security at COP28
In a recent announcement at COP28, Indonesia's state-owned energy company Pertamina, led by CEO Nicke Widyawati, outlined a comprehensive strategy to address environmental concerns while maintaining a steadfast commitment to national energy security
Abu Dhabi-based Masdar advances 10-GW renewable energy plan in Malaysia
During COP28 in Dubai, Abu Dhabi Future Energy Company PJSC has taken steps in the implementation of its renewable energy vision for Malaysia
Nickel Industries commits to carbon emission reductions and net-zero by 2050
Nickel Industries, one of the world's top 10 nickel producers from Indonesia, has reaffirmed its commitment to climate action by pledging to reduce carbon emissions by 50% by 2035
Indonesian coal industry stays optimistic about long-term prospects amidst renewable energy transition
Coal industry entrepreneurs have expressed confidence that coal will remain a favourite commodity in Indonesia
State-owned Petronas leads exploration of 19 discoveries and two confirmed finds offshore Malaysia in 2023
In a landmark year for exploration, Petronas and its partners have achieved 19 exploration discoveries and confirmed two exploration-appraisal finds offshore Malaysia
COP28: Greenpeace asks if nine European oil and gas majors are “getting away with murder”
Releases study showing 360,000 people could die prematurely before the end of the century because of global heating caused by companies’ 2022 greenhouse gas emissions alone.
Russia maintains strong grip on Austrian gas market
Russia maintains a strong grip on Austria’s natural gas market, with the latter country reselling some of those supplies to its neighbours while stalling on efforts to wean itself off dependence on Gazprom.
Lukoil mulls sale of Bulgarian refinery, petrol stations
Russian oil company to reassess its presence in Bulgaria and could sell its business after Bulgarian parliament banned imports of Russian oil from March 2024.
TotalEnergies to share methane detection, measurement technology with SOCAR, Sonangol, Petrobras
TotalEnergies will share its AUSEA methane detection, measurement technology with SOCAR, Sonangol and Petrobras.
Rosneft ramps up output by 11% in 9M-2023
Rosneft raised its hydrocarbon production by 10.7% in the first nine months of this year to 5.5mn barrels of oil equivalent per day.
Azerbaijan begins expansion into the European gas market
Azerbaijan is actively working to carve out a greater market share for its natural gas in Europe – targeting some countries that once relied heavily on Russian gas.
MOL to buy 15% stake in Hungary's leading haulier, Waberer's
Cambodia to halt hydropower dam construction on Mekong River, cancels $1.5bn coal plant
COP28: Major oil companies pledge to cut methane emissions
About half of the world's oil firms, totalling almost 50 companies, have committed to achieving "near zero" methane emissions and discontinuing routine flaring in their operations by 2030, and achieving net zero by 2050.
Poland’s new majority temporarily suspends work on liberalising wind power development rules
Poland’s new parliamentary majority has halted work on the liberalisation of rules for wind power development. The work will be picked up once the new government of Civic Coalition, the Third Way and the Left takes over officially.
Two Honduran companies team up to build five solar plants
Grupo Midence Soto Pierrefeu and Solaris have agreed to build five new solar plants in Honduras.
Transition risks for petrostates higher than ever, says report
Petrostates are currently confronted with significant challenges arising from the ongoing energy transition. The diminishing demand for oil and gas is exerting downward pressure on commodity prices, which in turn threatens future revenue streams.
KPC head announces $50bn investment plans
The head of the state-owned Kuwait Petroleum Corp. (KPC) said this week that the company intends to spend up to $50bn over the next five years to support its ambitious oil production expansion plans.
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