Latest Stories
Guatemala's biggest ever power tender draws 51 bidders with triple the requested capacity
Philippines opens 18 coal blocks for bidding
The Philippines' Department of Energy will proceed with a competitive bidding round for new coal development areas on February 27.
Exxon lines up four Stabroek projects as Guyana output push continues
ExxonMobil is advancing a pipeline of developments in the Stabroek Block offshore Guyana that would add well over 900,000 bpd of new production capacity between now and 2029, with three projects already approved and a fourth in planning
Slovakia declares oil emergency and cuts fuel supplies to Ukraine
The Slovak cabinet of populist Prime Minister Robert Fico has declared an oil emergency and the country’s key refinery, Hungarian MOL-owned Slovnaft cut fuel exports to Ukraine to keep its products only for the domestic market.
Maduro's removal opens door to Guyana oil expansion
Japan to enforce solar panel recycling rules
Japan’s government has drawn up legislation that will require photovoltaic power producers to recycle decommissioned solar panels, initially targeting large scale solar farm operators.
Philippines energises first phase of MTerra project
Meralco PowerGen Corporation, the generation arm of Manila Electric Company, has achieved initial grid synchronisation and energisation for Phase 1 of the 3.5GW MTerra solar development in the Philippines.
Brazil faces dirtier energy future as oil flaring hits 15-year high and thermal power set to expand
Brazil is on course to become a more carbon-intensive energy producer, with natural gas flaring on offshore platforms hitting its highest level in 15 years and the share of fossil fuel-based thermal power set to nearly double by 2040.
Brazil's pre-salt Social Fund failed to deliver on inequality promise, report finds
Brazil's Pre-Salt Social Fund has spent most of its 15-year existence without proper governance, failing to fulfil its mission of reducing inequality and financing social development, said a report by the Institute of Socioeconomic Studies (Inesc).
Petrobras signs first free-market natural gas contract in Brazil's Northeast
Brazil’s state-owned oil company Petrobras has signed its first natural gas supply contract in the free market in Brazil's Northeast region to supply ceramics company Cerbras, based in the state of Ceará, with deliveries set to begin on March 1.
Brazil's Lula signs free cooking gas law for 15mn families as critics flag electoral motives and fiscal risks
Brazilian President Luiz Inácio Lula da Silva has signed into law a programme providing LPG refills to around 15mn vulnerable households, a measure his critics have labelled an electoral subsidy carrying long-term fiscal risks.
Indonesian coal company RMKE reports surge in transport and trading volumes
PT RMK Energy Tbk (RMKE) has recorded a sharp improvement in performance at the start of the year, driven by strong growth in both its coal transport services and coal trading divisions, despite the period traditionally being a low season
Japan to build marine hydrogen engine plant by 2029
Yanmar Power Solutions, part of Yanmar Holdings, has announced plans to establish a dedicated facility focused on testing hydrogen-powered marine engines
South Korea nuclear phase-out may cost $3.6bn
A government blueprint designed to curb atomic power and scale up renewables may result in cumulative economic losses of roughly KRW5.3 trillion (approximately $3.6bn), according to new academic research.
Cuba's private sector creates new elite as 89% live in extreme poverty, rights group says
Latin America splits over Cuba aid as Mexico leads with 814 tonnes, Guatemala ends medical pact
Hungary cuts fuel supply to Ukraine, accuses Kyiv of political blackmail by delaying resumption of crude deliveries
Hungary has accused Ukraine of trying to create an oil crisis by deliberately delaying the restart of Druzhba pipeline deliveries, a move Budapest claims is direct interference in Hungary's upcoming general election.
India begins easing five-year curbs on Chinese power, coal equipment imports
India has begun relaxing restrictions imposed on Chinese equipment imports following the 2020 border clash, permitting state-run power and coal companies to undertake limited procurement from China as shortages and project delays intensify
Renewables to contribute 26% of India’s power generation by end-FY2026
Renewable energy is expected to account for 26% of India’s total electricity generation by the end of FY2026, even as demand conditions remain relatively subdued
India, UK constitute offshore wind taskforce
Mongolia’s coal and lignite exports calculated as higher by 73.5% y/y in January
Mongolia’s coal and lignite exports surged 73.5% y/y to 10.12mn tonnes in January, Mysteel Global has calculated based on data from Mongolia's Customs General Administration.
Follow us online