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Russia's Lukoil oil major requests additional tax relief
Philippines announces moratorium on new coal power
The Philippines has imposed a moratorium on the licensing of new coal power plants, with Philippines Energy Secretary Alfonso Cusi saying that renewables would now drive the country’s energy future.
Wind, solar to dominate by 2050, but fossil fuels persist
Wind and solar PV will meet 56% of world electricity demand by 2050, BloombergNEF found in its 2020 New Energy Outlook (NEO).
PdVSA expects oil export earnings to nearly halve in 2021
Venezuela’s state-run oil company PdVSA expects its earnings from oil exports next year to drop by nearly half, averaging $35 per barrel for a basket of locally produced crudes and petroleum products.
IEnova mulling co-operation with CFE for ECA project
Mexico's IEnova is interested in teaming up with the state-run power provider CFE for the Energía Costa Azul (ECA) project, which will involve the construction of a natural gas liquefaction plant at the site of an existing LNG import terminal.
Australia’s Karoon gets green light for Brazil offshore purchase
Australian oil and gas company Karoon Energy has received the go-ahead from Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) to acquire the Baúna offshore oilfield from state-run Petrobras.
Brazilian police extend corruption probe to diesel, jet fuel contracts
Brazilian authorities have extended the long-running Lava Jato (“Car Wash”) corruption investigation to review certain petroleum product contracts signed by Petrobras, the state-run oil company.
Ørsted suffers wind delays in US but continues expansion
Ørsted said in its recent quarterly earnings update that its pipeline of four US offshore wind farm development projects would be further delayed.
RWE Renewables awarded contract for Spain’s DemoSATH offshore wind experiment
RWE Renewables and Saitec Offshore Technologies have awarded a manufacturing contract to Spain’s Ferrovial to build the SATH floating offshore wind platform as part of the experimental DemoSATH project.
South Korea commits to net zero
South Korea has joined Japan and China is setting the 2050 carbon neutral target
Vestas wins 50-MW onshore turbine order in Vietnam
Vestas has secured a 50-MW turbine order from local Vietnamese developer Ia Bang Wind Power Joint Stock Company.
Australian green hydrogen project eyes industrial consumers
Russian gas major Novatek posts 24% drop in revenues in 3Q20
Ukraine's Donbasenergo posts UAH1.4mn net profit in nine months
BP rebounds to profit in Q3
EQT buying Chevron’s Appalachian assets
EQT announced this week that it had agreed to buy Chevron’s assets in the gas-rich Appalachian Basin for $735mn.
Moscow accuses Lithuania of electricity “discrimination”, exhorts it not to limit power trade
North Macedonia’s MEPSO signs deal with Croatia’s Dalekovod for €3.18mn reconstruction project
Engie stalls $7bn US LNG deal after government pressure
France’s Engie has reportedly delayed signing a $7bn contract to buy US LNG from NextDecade following pressure from the French government.
Uzbek president says half of country's power plants worn out
Chinese investor building Moldova’s biggest PV park
Libya back on track
The UN-brokered ceasefire agreement between GNA and LNA may bring Libya's oil production back up to year-ago levels soon.
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