Latest Energy News 06 May 2019 TOP STORY: Occidental offers to sell Anadarko’s African assets to Total for US$8.8bn US oil and gas producer Occidental Petroleum has revised its proposal to acquire Anadarko Petroleum, offering US$76 per share, including US$59 per share in cash and 0.2934 shares of…
El Secretario General alerta contra impactos del Tren Maya, nueva refinería y carboeléctrica Redacción Animal Político, 3 de mayo 2019. El secretario general de la OCDE, José Ángel Gurría Treviño, pidió al gobierno mexicano respetar los compromisos en materia de Cambio Climático ante el inicio de obras como el Tren Maya…
Latest Energy News 03 May 2019 TOP STORY: China’s solar PV additions fall by 46% to 5.2 GW in 1st quarter of 2019 According to the Chinese National Renewable Energy Center (NREC), solar PV capacity additions in the first quarter of 2019 declined by 46% to 5,211 MW compared…
Latest Energy News 30 April 2019 TOP STORY: RWE cancels 1.1 GW BOAplus lignite-fired power project in Germany German energy group RWE has cancelled plans for the 1,100 MW BOAplus lignite-fired power project at the site of the existing Niederaussem coal-fired power plant in Germany. Indeed, RWE has decided that…
Latest Energy News 29 April 2019 TOP STORY: Chinese companies acquire 20% interest of Arctic LNG 2 (Russia) Novatek has agreed to sell a 10% interest share in the Arctic LNG 2 project to CNOOC and another 10% interest share to China National Oil and Gas Exploration and Development…
Latest Energy News 26 April 2019 TOP STORY: Brazil updates terms for October 2019 deepwater oil auction The Brazilian government has published some additional terms regarding the next auction oil blocks under the production sharing regime, scheduled to be held later in 2019. Expected to sell-off a whole oil-producing zone known…
Latest Energy News 25 April 2019 TOP STORY: China will restrict new coal-fired power projects in 8 regions The Chinese National Energy Administration (NEA) has outlined plans to restrict new coal-fired power projects in eight regions across the country taking effect immediately until 2022 in order to further cut air…
Latest Energy News 24 April 2019 TOP STORY: KHNP starts up Shin Kori-4 nuclear reactor project (South Korea) South Korean power utility Korea Hydro and Nuclear Power (KHNP) has started up its new Shin Kori-4 nuclear reactor, the fourth unit of the Shin Kori nuclear power plant. The Advanced Pressurized Reactor-1400…
Latest Energy News 23 April 2019 TOP STORY: US FERC clears Driftwood LNG and Port Arthur LNG export projects The United States Federal Energy Regulatory Commission (FERC) has granted authorisations to site, construct and operate two LNG production and export projects, namely Tellurian’s 27.6 Mt/year Driftwood LNG export project…
Latest Energy News 19 April 2019 TOP STORY: German TSOs submit draft power grid development plan for 2030 The four German power transmission system operators (TSOs), namely Amprion, TenneT, 50Hertz and TransnetBW, have submitted the second version of the future domestic power grid development strategy (Netzentwicklungsplan or NEP 2030) to…
Latest Energy News 18 April 2019 TOP STORY: US primary energy consumption increased by 4% in 2018 According to the United States Energy Information Administration (EIA), US primary energy consumption increased by 4% in 2018 and superseded the previous record set in 2007 by 0.3%. The 2018 energy consumption increase…
Latest Energy News 17 April 2019 TOP STORY: Saudi Aramco acquires 17% stake in South Korean refiner Hyundai Oilbank Saudi Arabian state-run oil group Saudi Aramco has reached an agreement to acquire a 17% stake in the South Korean refiner Hyundai Oilbank for a total consideration of US$1.25bn. Hyundai Oilbank…
Latest Energy News 16 April 2019 TOP STORY: India plans to reach 227 GW of installed renewable capacity by 2022 India has raised its renewable energy capacity target for 2022, from 175 GW to 227 GW, considering that the current 175 GW target would be exceeded and that…
Latest Energy News 15 April 2019 TOP STORY: Chevron will acquire US oil and gas player Anadarko for US$33bn Global oil and gas company Chevron has entered into a definitive agreement with Anadarko Petroleum Corporation to acquire all its outstanding shared in a major stock (75%) and cash (25%)…
Latest Energy News 12 April 2019 TOP STORY: Morocco aims to attract US$30bn in its energy sector by 2030 The Moroccan government has announced that it expects to attract approximately MAD110bn (US$30bn) in the domestic energy sector by 2030 amidst plans to build 10 GW of renewable power…
Latest Energy News 11 April 2019 TOP STORY: Renewables could account for 86% of global power generation in 2050 According to the International Renewable Energy Agency (IRENA), renewable energy sources (RES) could account for 86% of power generation in 2050. IRENA’s reference scenario foresees electricity to become the central…
Latest Energy News 10 April 2019 TOP STORY: US crude oil production increased by 17% in 2018 thanks to tight oil According to the United States Energy Information Administration (EIA), US crude oil production grew by 17% in 2018 to a yearly average of 10.96 mb/d, reaching a…
Latest Energy News 09 April 2019 TOP STORY: Engie-led consortium wins 90% stake in Petrobras’ TAG gas pipeline (Brazil) Brazilian state-held oil and gas company Petrobras has agreed to sell a 90% stake in its wholly-owned gas pipeline unit TAG (Transportadora Associada de Gás) to a consortium of the French…
Latest Energy News 08 April 2019 TOP STORY: EDF sells 25% stake in Swiss power generation company Alpiq French energy group EDF has agreed to sell its 25.04% stake in the Swiss power utility Alpiq Holding for CHF489m (€436m) to the Swiss investors EOS Holding and Primeo Energie….
Latest Energy News 05 April 2019 TOP STORY: German GHG emissions fell by 4.5% in 2018 (-4.8% for CO2 emissions) According to the German Environment Ministry (Umweltbundesamt, UBA), German greenhouse gas (GHG) emissions contracted by 4.5% (-41 MtCO2eq) in 2018 to 869 MtCO2eq, as CO2 emissions decreased by…
Latest Energy News 04 April 2019 TOP STORY: Global wind power capacity rose by 51 GW in 2018 According to the Global Wind Energy Council (GWEC), 51.3 GW of new wind capacity was commissioned in 2018, of which 46.8 GW onshore and 4.5 GW offshore. The top five onshore markets that led…
Latest Energy News 03 April 2019 TOP STORY: Total increases oil production by 115,000 bbl/d at Kaombo field (Angola) French oil and gas company Total has begun crude oil production from the second floating production storage and offloading (FPSO) unit of the deep offshore Kaombo project on Block…
Latest Energy News 01 April 2019 TOP STORY: European Parliament adopts new CO2 emission standards for cars and vans The European Parliament has approved new CO2 emission standards for new cars and vans in the EU for the 2021-2030 period, in line with the European decarbonation policy and…
Latest Energy News 29 March 2019 TOP STORY: British CO2 emissions dipped by 2.4% in 2018 as coal use declined According to preliminary statistics released by the British Department for Business, Energy & Industrial Strategy (BEIS), total greenhouse gas (GHG) emissions in the United Kingdom declined by 2.5%…
Latest Energy News 28 March 2019 TOP STORY: Brazil plans to invest over US$500bn in its energy sector by 2027 The Ministry of Mines and Energy of Brazil estimates that almost BRL2,000bn (US$506bn) will be invested in the Brazilian energy sector by 2027, including BRL1,500bn (US$379m) in oil,…
Latest Energy News 27 March 2019 TOP STORY: China raised its coal mining capacity by 6% in 2018 According to the National Energy Administration (NEA) of China, total coal mining capacity in China increased by nearly 6% in 2018, reaching 3.53 Gt/year at the end of 2018, despite…
Executive Brief – Driving the Energy Transition Multiple technologies are at the forefront of the energy transition in transport. We’re all aware of electric vehicles – but is the decarbonization of electricity to power those electric vehicles happening quickly enough? And what about the role of biofuels? In our latest Brief, we examine the progress being…
Latest Energy News 26 March 2019 TOP STORY: Swiss Parliament approves linking the Swiss and EU ETS The Swiss Parliament has approved a November 2017 agreement for linking the Swiss and EU emissions trading schemes (ETS). The EU and Swiss ETS both cover the 2013-2020 period (with negotiations…
Latest Energy News 25 March 2019 TOP STORY: Gulf Energy Development plans 6 GW of gas-fired power projects in Vietnam Thailand’s Gulf Energy Development has started talks with the provincial government of the Ninh Thuan province of Vietnam about plans to build four gas-fired power plants with a…
Latest Energy News 22 March 2019 TOP STORY: US energy-related CO2 emissions should remain stable through 2050 According to the United States Energy Information Administration (EIA), CO2 emissions from the domestic energy consumption are predicted to remain near current levels through 2050 and reach a total of 5,019…