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Installed solar, wind in China surge
During the first nine months of 2023, installed-solar-power capacity in China rose to around 520 GW, up an eye-popping 45.3% year on year. Installed wind power surged 15.1% year on year to around 400 GW.
Used cooking oil turned into sustainable aviation fuel by SATORP
Saudi Arabian Oil Co. has seen success in its attempts to convert used cooking oil into sustainable aviation fuel (SAF) through various joint ventures.
CWP and GE to launch €1bn Albanian renewables project
CWP Global and General Electric’s wind power arm, GE Vernova Onshore Wind, have agreed to develop a €1bn large-scale hybrid wind-and-solar project that has the potential to elevate Albania to the status of a net exporter of electricity.
Canadian Solar unveils 5-GW solar cell manufacturing plant in US
Canadian Solar will build a 5-GW solar photovoltaics cell production facility in Jeffersonville, Indiana. Once production is fully ramped up, the $800mn facility will create around 1,200 jobs.
From Ashgabat: Turkmenistan’s natural gas mega-projects still struggle to make headway
Borouge reports net profit increase
Leading petrochemicals company Abu Dhabi, United Arab Emirates – Borouge Plc – has reported a 22% Q3 2023 net profit increase at $282mn for the quarter that finished September 30..
Argentina's fuel supply edges back to normal ahead of price increase
Argentina’s fuel supply is gradually returning to normal levels, adding to hopes that the national fuel shortage over the weekend will be overcome.
Argentine government pushes oil companies to end fuel shortages ahead of presidential run-off
Argentine Economy Minister and presidential candidate Sergio Massa is calling on oil companies to ramp up distribution in order to overcome the ongoing fuel shortage.
Brazil’s Petrobras to boost Regap refinery capacity by over 50%
Petrobras has announced an investment of BRL2.0bn ($397mn) at its Gabriel Passos Refinery, commonly referred to as Regap, aiming to increase capacity by 53%, the Brazilian state-owned energy major said on October 30.
Brazilian offshore activity could affect US’ OSV Fleet
The Brazilian offshore oil and gas sector is experiencing increased activity, and this surge may have a positive influence on the market recovery for offshore supply vessels in the US Gulf of Mexico, Offshore Engineer reported on November 1.
LPG plant to be built at Gabon's Cap Lopez
Freeport LNG receives approval to begin commissioning second jetty
Freeport LNG was granted permission by federal regulators on October 27 to start commissioning its second LNG jetty.
Claro Colombia setting up exclusively solar-powered base stations
The Claro Colombia telecommunications company has announced that 60 of its base stations are now powered exclusively with solar energy.
New refineries start production in Edo, Nigeria
Two new modular refineries are set to begin production in Edo State, once crude oil supplies have been received.
Statkraft acquires Swedish wind companies
Norway-based Statkraft, Europe’s largest renewables producer, has purchased two Swedish companies in onshore and offshore wind power.
Baker Hughes on track to record almost $9bn worth of orders for LNG equipment in 2022/2023
Houston-headquartered energy services company Baker Hughes revealed it is on track to bring in almost $9bn in LNG equipment sales orders between 2022 and 2023, during a third-quarter earnings call.
PetroChina reports 21% net profit growth in 3Q
Asia’s largest oil and gas producer, PetroChina, has reported a 21% year-on-year increase in net profit for the third quarter of 2023, reaching a record high.
Zimbabwe lithium exports treble to $209mn as Chinese investment into battery metals mining grows
Zimbabwe earned $209mn through lithium exports in the first nine months of 2023. But Africa’s number one lithium producer can derive more benefit if it facilitates greater investment towards exploration for the battery mineral.
China implements minimum size requirement for new oil refineries while capping total capacity
In a bid to control its total capacity at 1bn tonnes by 2025, China's state planner has announced the establishment of a minimum size requirement for new oil refineries
Iraq reported to be expanding bid rounds
Iraq’s Ministry of Oil (MoO) is reported to be including an additional six concessions in its ongoing and planned bid rounds as it looks to stoke investor interest in underexplored areas.
2,500 MW transmission line wrapped in India’s Tamil Nadu
In a major development for India's energy sector, Adani Energy Solutions Limited has announced the successful commissioning of the Karur Transmission Limited project
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