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Offshore wind development takes off in Australia’s Bass Strait
Victoria is leading Australia’s offshore wind development aspirations with the first offshore wind licensing rounds as part of a plan to exit coal-fired generation and utilise existing high-capacity grid infrastructure.
Eneva starts commercial operations at the Futura I solar complex in Bahia
Power company Eneva has launched commercial operations at the Futura Solar Complex I, located in the municipality of Juazeiro, in the state of Bahia in Brazil.
Italy, Germany, Austria reportedly approve green hydrogen transport project from Algeria
Italy, Germany and Austria have reportedly agreed on an initiative to support a project to transport green hydrogen from Algeria to Europe (Southern Hydrogen Corridor), which will serve as an energy bridge between the South and the North.
Saudi university develops highly efficient solar cell
The European Solar Test Facility (ESTI) has confirmed the promising results of the new perovskite/silicon tandem solar cell at Saudi Arabia’s King Abdullah University of Science and Technology (KAUST).
EDF Renewables signs agreement for 2 GW of offshore wind in Brazil
EDF Renewables has signed an agreement with Internacional Energias Renováveis (IER) for a 2-GW offshore wind complex in Rio Grande do Norte in Brazil.
Corio and Hyperion prepare for Portuguese offshore auctions
UK-based Corio Generation, a portfolio company of Macquarie Asset Management’s Green Investment Group, and Portugal’s Hyperion Renewables have signed an memorandum of understanding to prepare applications for tenders off Portugal.
Japanese companies collaborate on offshore wind demonstration project
J-POWER, Tokyo Electric Power Company Holdings (TEPCO), Chubu Electric Power, Kawasaki Kisen Kaisha (K Line) and Albatross Technology have entered into a joint research agreement for a next-generation floating axis wind demonstration project.
Controversial US debt ceiling deal includes permitting reform
The US debt ceiling deal being debated in Congress includes permitting reform, which analysts say will ease renewable energy development.
Rosneft surprises with $4.4bn profit in 1Q23, transparency still an issue
Russia’s largest crude oil producer, state-controlled Rosneft, posted RUB1.8 trillion ($25bn) revenues under IFRS in 1Q23, EBITDA of RUB672bn ($9.2bn), and net income of RUB323bn ($4.4bn) on revenue of RUB244bn ($3.3bn).
Danish government to take 20% stake in new offshore wind farms
The Danish state will take a 20% ownership stake in 6 GW of offshore wind farms, said the ministry of climate, energy and utilities.
Guyana’s government to monitor cost overruns more closely at Stabroek project
Guyana's government will monitor the Stabroek oil project more closely for cost overruns.
Ukraine prepares for winter gas supplies using only its own resources
Ukraine will boost its domestic production of gas to 13.5bn cubic metres and hopes to store enough gas to get through the coming heating season without imports.
Biden officials ‘in serious talks’ with Turkmenistan on curbing vast methane emissions
Deal could be struck ahead of COP 28 climate summit. It would be hailed as a major breakthrough in addressing global warming.
Greek constructor builds 1.75-GW gas-fired power plant in Romania
Mass Global Energy Rom, owned by Jordanian entrepreneur Ahmad Ismail Saleh, has selected Avax Group, one of Greece's largest and oldest construction conglomerates, to build a 1.75-GW gas-fired power plant on the site of a former coal-fired TPP.
IADB report: Oil sector supporting private sector growth in Guyana
Guyana’s oil sector provided significant support for the growth of the private sector, partly because of FDI but also because of high government spending on infrastructure, says an IADB report.
So long priced out of LNG markets, developing Asia is starting to make its mark
Few energy watchers in Asia would have predicted that just over a year later Sri Lanka would be just one of an ever increasing number of developing economies turning to LNG to guarantee energy security in the years ahead.
EIA: US natural gas prices to rise amid higher LNG exports
Domestic prices for US natural gas are expected to rise amid increasing exports of LNG, the Energy Information Administration predicted on May 24, Reuters reports.
ConocoPhillips to purchase remaining 50% of Surmont, locking out Suncor
ConocoPhillips will exercise its pre-emption right to purchase the remaining 50% interest in the Surmont oil sands thermal project in Alberta from TotalEnergies EP Canada Ltd for about $3bn.
Rosneft proposes benchmarking Urals blend oil to Dubai, not Brent
Russia could start benchmarking the fiscal calculations for the oil and gas sector to Dubai blend oil, instead of the current Brent, Kommersant reported citing unnamed market sources and state-controlled Rosneft, Russia's largest crude producer.
US Supreme Court narrows Clean Water Act in victory for oil, gas
The US Supreme Court has significantly narrowed the scope of the Clean Water Act. The ruling is expected to ease permitting for oil and gas drilling.
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