Latest Stories

Colombia’s ANH seeks to revitalise at least 21 suspended oil and gas projects

6 July 2023

Colombia’s government intends to help investors resurrect at least 21 suspended oil and gas contracts within the framework of a programme designed to improve security and community relations.

Olmeca refinery project hit by additional delays

6 July 2023

Pemex's Olmeca refinery is now to begin operating toward the end of 2023, not on July 1 as planned.

Iran set to launch six new petrochemical plants worth $2.7bn

6 July 2023

Iran’s National Petrochemical Co. (NPC) has announced that six petrochemical projects look set to begin – part of a push to grow the country's oil sector.

Romania's Hidroelectrica valued at €9.4bn in historic IPO

6 July 2023

Long-awaited IPO of Romanian hydropower major was the biggest in the history of the Bucharest Stock Exchange.

Does wind industry have sector-wide problems?

5 July 2023

Siemens Energy, the parent company of Siemens Gamesa, experienced a sharp decline in its stock value last month following the disclosure of costly failures at the wind turbine manufacturer.

ExxonMobil to develop US lithium-rich acreage in Tetra Technologies deal

5 July 2023

Oil supermajor ExxonMobil will develop more than 6,100 lithium-rich acres (24.9 square km) in the US with Tetra Technologies, reports Reuters in an exclusive report. The land is in Arkansas.

Brazilian gas producers, consumers square off with pipeline operators over tariff calculation rules

5 July 2023

Producers and consumers of natural gas in Brazil are pushing for updates to the rules governing the calculation of pipeline transportation assets and capacity usage tariffs.

Mexico Pacific, Zhejiang Energy sign long-term supply deal for Saguaro LNG

5 July 2023

Mexico Pacific Ltd has agreed to supply Zhejiang Energy International of China with LNG from a new natural gas liquefaction plant slated for construction in Sonora State.

Itochu, Tokyo Gas eyed Japanese offshore wind auction – report

5 July 2023

The trading house Itochu and major utility Tokyo Gas are among about 20 companies that considered joining the second round of public auctions for offshore wind power projects in Japan, reported Nikkei.

UAE to invest $54bn in energy, triple renewables to 14.2 GW

5 July 2023

The United Arab Emirates is to triple its supply of renewable energy to 14.2 GW and invest as much as $54bn by 2030 to meet its energy demand.

Ørsted, ESVAGT sign second contract for vessel powered by e-methanol

5 July 2023

In 2024, the world’s first green fuels vessel for offshore wind operations will launch off the UK east coast, as the result of a ground-breaking agreement between two Danish companies, Ørsted and ESVAGT.

CorPower Ocean makes strides in wave energy

5 July 2023

Swedish company CorPower Ocean has resumed the deployment programme of its first commercial-scale wave energy converter. The C4, at Aguçadoura in northern Portugal, was not in operation for some months because of cable damage.

3 GW of land leased for solar development in Nevada

5 July 2023

The US has gained $105mn in high bids in an auction for solar development on federal land in the western US state of Nevada. The four parcels of 95.8 sq km (23,675 acres), in the Amargosa Desert, are administered by the US Bureau of Land Management.

UK prime minister U-turn on onshore wind

5 July 2023

UK Prime Minister Rishi Sunak is reportedly backtracking on plans to allow more onshore wind to be built in England, reports the Observer newspaper.

Renewables industry urges UK government to reform clean power auctions

5 July 2023

Three energy trade associations, RenewableUK, Energy UK and Scottish Renewables, have written a joint letter to Energy Secretary Grant Shapps recommending the UK government make urgent changes to their annual clean power auctions.

Corab, Kelfield to partner on 1-GW agri-photovoltaics project in Poland

5 July 2023

Polish firms Corab and Kelfield have inked a letter of intent to collaborate on a 1-GW agri-photovoltaic project in Poland, reports Renews.

NextEnergy Capital raises initial $480mn for solar fund

5 July 2023

UK-based NextEnergy Capital (NEC) has raised an initial $480mn for its fifth investment vehicle, a fund focused on solar and battery storage assets in the OECD.