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Solar, storage add over $100bn to US economy in 12 months
US solar and storage companies have announced more than $100bn in private sector investments since the Inflation Reduction Act became law a year ago on August 16, 2022, according to new analysis.
Siemens Gamesa has fix for onshore wind turbines, says CEO
A week ago Siemens Energy revealed that quality issues in its wind turbine unit would cost the company €2.2bn ($2.4bn). And already the wind-turbine manufacturing subsidiary in question, Siemens Gamesa, says it has a fix.
Unravelling the controversial decision: Alberta's renewable energy moratorium
Alberta, the largest oil and gas producing province in Canada, is facing pushback after imposing a seven-month halt on new wind and solar projects.
Oman LNG strikes supply deal with Germany's SEFE
Oman LNG has reached a binding term-sheet agreement with Germany’s state-owned Securing Energy for Europe (SEFE) on the supply of 0.4mn tonnes per year of LNG from 2026 for four years, the Omani state news agency reported on August 14.
Norway delays deadline for application for offshore wind tracts
Norway’s Ministry of Petroleum and Energy has delayed the deadline for applications in the country’s first offshore wind tender.
Floating wind project off California gains approval to be sited near space launches
Floventis Energy has agreed with the US Department of Defence to allow operation of the CADEMO floating offshore wind project near Vandenberg Space Force Base in California.
Judge rules in favour of young activists in unprecedented US climate trial
Sixteen young plaintiffs on Montana have successfully claimed that state officials have violated their right to a healthy environment.
Naftogaz Group drilling finds two more high-rate wells
Ukrgasvydobuvannya, a subsidiary of Ukraine’s national gas company Naftogaz Group, has successfully initiated operations on two high-rate wells, contributing a collective gas flow of 430,000 cubic metres per day.
KOC signs deal to support offshore logistics
The state-owned Kuwait Oil Co. (KOC) this week signed a deal with Kuwait Ports Authority to lease berths at the port of Shuaiba and storage areas within the Shuaiba Industrial Area.
Wintershall Dea makes first foray into UK CCS scene
Germany’s Wintershall Dea has made its first foray into the nascent UK carbon capture and storage sector, securing this week its first licence for CO2 storage in the country from authorities.
More South Korean firms join Malaysian CCS project
Shell Gas & Power, Hanwha, Korea National Oil Corp. (KNOC) and Air Liquide Korea have recently signed on to a project created a year ago with an MoU signed by six South Korea firms and Petronas agreeing to pursue conceptual and feasibility studies.
Maxeon Solar to build $1bn US factory in New Mexico
Maxeon Solar Technologies, a prominent Singapore-based player in solar, has selected Albuquerque, New Mexico, for its inaugural US manufacturing expansion.
RWE wins in Germany’s 1.8-GW offshore wind auction
RWE has won three of four sites available in Germany’s 1.8-GW offshore wind tender. The tender used negative bidding as well as non-price criteria such as environmental standards.
LNG Japan agrees 10% share in Western Australia’s Scarborough field
A Tokyo-based Sumitomo-Sojitz joint venture known as LNG Japan Corporation has agreed to purchase a 10% stake in the Scarborough gas field, 233 miles (375 km) off Western Australia.
Venezuela leaves half of its gas to burn in the air – squandering huge economic potential
Venezuela’s little-known struggle with natural gas flaring – gases from the crude oil extraction process, are dispersed in the air and burnt – is rooted in the nation's broader challenge of harnessing its enormous hydrocarbon potential.
Denmark delays second CCS tender over state indecision
Denmark has delayed the holding of a second tender for offshore CO2 storage licences in the North Sea, as the state has not yet determined whether it should hold a larger stake in these permits than it did in the previous competition.
Iran increases LPG export capacity
Jalil Salari, managing director of the National Iranian Oil Refining and Distribution Company (NIORDC), said in an August 12 press conference that Iran had increased its capacity to export liquefied petroleum gas.
AboitizPower enters into a JV with Philippines’ Vena Energy to build 109-MW wind power farm
The renewable energy firm Aboitiz Renewables, part of AboitizPower, has entered a partnership with The Philippines’ Vena Energy to invest in a 102-MW wind power project, the company announced on August 16.
Russia to clean up radioactive waste sites in six CIS countries
Rosatom will take care of the heavy nuclear legacy in Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan – generous help or an attempt at political binding?
In focus: Norway's greatest climate project
The raft of carbon capture, utilisation and storage projects are now emerging in north-west Europe, where the North Sea is poised to become Europe’s largest hub for CO2 storage.
Turkey sends drillship into East Mediterranean
Turkish Petroleum (TPAO) announced last week that the Abdulhamid Han drillship had embarked on a new exploration mission in the East Mediterranean.
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