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Oil & Gas Trade
Algeria-Morocco Dispute Hits LPG Trade
A diplomatic breakdown between Algeria and Morocco has disrupted traditional LPG trading flows, with the former looking east to sell and the latter looking west…
Market Analysis
Renewable Energy to Meet Over 70 per cent of China’s Additional Power Needs in Next Three Years, Says IEA
Even as state subsidies are being phased out, the rapid growth of onshore wind and solar farm installations is expected to continue
EV Market
Soaring Lithium Prices Become Major Headache For EV Makers
With lithium prices already trading at a record high in Asia, there is no sign that the rally in this much-sought-after commodity will come to an end this year
Oil Refinery
Saudi Aramco Buys Stake In Refinery In Russia’s Backyard
Saudi Arabia is expanding its downstream presence and crude customers in Eastern Europe, traditionally Russia’s backyard, by buying a stake in a Polish refiner…
Wind Power Project
Eolus and Hydro REIN Partnership to Develop Wind Power
All conditions for the partnership agreement have been fulfilled and payment has occurred.
Natural Gas
Go Fuel Retail Additional Expansion Approved
Oil & Gas Regulatory Authority has granted permission to Gas & Oil Pakistan Limited to operate additional fuel storage facility as well as expand fuel retail ne…
Oil Exploration
Eni Wins Five New Exploration Licences in Egypt
Italian oil and gas company Eni has been awarded five new exploration licences – located in the Eastern Mediterranean Sea, Western Desert, and Gulf of Suez – …
Wind Farm
Eolus Partners on 672MW Swedish Wind
All conditions have been fulfilled for Hydro REIN to take 50% stakes in nine projects
Oil Exploration
Canadian Overseas Petroleum Ltd Announces Significant U.S. Discovery
In addition, COPL provides an operational update on its Barron Flats Shannon Field production.
EU
EU Green Finance Rules to Include Nuclear and Gas Projects
A draft of the bloc’s green finance taxonomy sets out conditions for projects to receive transition funds.
Energy Storage Technology
RNESL to Acquire UK’s Battery Technology Firm Faradion
RNESL has also agreed to invest $33m in Faradion as growth capital to expedite commercial roll out.
Coal-Fired Power Plants
Kusile Unit 4 to Boost SA Power Grid with Additional 800MW
The fourth unit of Eskom's Kusile power station is up and running and expected to soon contribute an additional 800MW to the country's power system.
Offshore Wind Power
Germany Plans Further 3 GW of Offshore Wind in North Sea
Germany’s Federal Maritime and Hydrographic Agency has started a process of updating the country’s new maritime spatial plan to accommodate additional 3 GW of…
Crude Oil
CPC to Import 90,000MT Crude Oil from Singapore
The Ceylon Petroleum Corporation says it will import 90,000 metric tons of fuel on credit from a supplier in Singapore next month.
Energy Transition
AFRICA: the Energy Transition at the Africa Energy Indaba in Cape Town in 2022
From March 1 to 2, 2022, the 14th edition of the Africa Energy Indaba conference will be dedicated to the energy transition.
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