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Crude Oil

Guyana To Become The 11th Country To Produce Over 1 Million Bpd

The tiny South American nation of Guyana has emerged as the hottest offshore drilling location on the continent over the last six years.

Solar Power Plant

Boralex Inks First French Solar Power Play

20-year corporate PPA will enable the financing of the construction of the Grange du Causse project

Energy Storage Battery

Wartsila Wins Chile Storage Contract

8MW battery system will be co-located with Colbun’s 230MW Diego de Almagro solar farm

Market Analysis

Brazil’s October Power Consumption Falls 3.4pc

Brazilian power demand fell by 3.4pc in October over the same month last year to an average of 68,793 MW, according to national power operator ONS.

Power Construction

Turkey Receives Funding for Grid Modernisation

The European Bank for Reconstruction and Development approved a $110mn loan to Turkish distributor Enerjisa Enerji to modernise the network.

Electricity Reform

France Needs to Reform Its Power Market: IEA

France could "progress faster" in its energy transition and should carry out power market reforms to foster competition and improve system flexibility.

Offshore Wind Power

Google Signs 50MW German Offshore Wind PPA

US technology firm Google and Danish utility Orsted have signed a power purchase agreement for the supply of electricity from the 900MW Borkrum Riffgrund 3 offs…

OPEC

Algeria Names New Opec Governor

Algeria has appointed senior adviser to the energy ministry Achraf Amine Benhassine as its Opec governor, an Opec+ source told Argus.

Oil Field

Aramco Awards Contracts Worth $10bn to Develop Giant Jafurah Gas Field

The company plans to invest more than $100bn to develop the field that will make Saudi Arabia one of the world’s largest natural gas producers

Mexico

Wärtsilä to Deliver 600MW Multi-Fuel Power Plants to Mexican Utility

Technology group Wärtsilä will supply Mexico’s state-owned electricity utility, Comisión Federal de Electricidad (CFE), with two large multi-fuel power plan…

Wind Farm

Production Start-up of the Yunlin Offshore Wind Farm

TotalEnergies announces the start of power generation from the first turbine of the Yunlin offshore wind farm in Taiwan.

Natural Gas

Egyptian Gas Should Start Flowing to Lebanon in the Next 3 Months, U.S. Energy Envoy Says

The governments of four countries in September reached an agreement to pipe gas from Egypt, through Jordan and Syria, to ease the power crisis in Lebanon.

Wind Power Project

Lekela Starts Operation of 250-MW Wind Farm in Egypt

Lekela, an Africa-focused renewable energy company, has launched the commercial operation of a 250-MW wind park on the shores of the Gulf of Suez in Egypt which…

Hydrogen Project

China's Sinopec Builds Xinjiang Hydrogen Plant

China's largest oil refiner, state-controlled Sinopec, has started building a production facility for hydrogen in Kuqa city in northwest China's Xinjiang region…

Nuclear Power Plant

ENSREG Sees Significant Progress at Belarus Nuclear Plant

The plenary meeting of the European Nuclear Safety Regulators Group on 24 November approved the “EU Peer Review Report Implementation of Belarusian Stress Test…