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Oil Field

Chinese Oil Giant Spends $1.9 Billion on 5% Stake of Huge Brazilian Oilfield

China’s oil and gas giant CNOOC has paid Brazil’s Petrobras $1.9 billion to buy 5% in the production sharing contract for the huge Buzios offshore oilfield, t…

Crude Oil

BP Snags Contract to Market Guyana’s Share of Exxon’s Offshore Oil

The UK’s largest energy company BP Plc has won a contract to market Guyana's share of crude oil produced over the next year from two offshore production platfo…

JERA, JDSC Develop System for Solar Power Generation Prediction

The prediction relies on the weather forecast and past power generation performance.

Indonesia

ACWA, PT PLN Ink MoU for Battery, Green Hydrogen Dev’t in Indonesia

It also includes a pump storage project for a hydroelectricity facility.

Carbon Emissions

UK Launches Funding Pool for AI Decarbonisation Projects

The UK government launched a new decarbonisation programme to support use of Artificial Intelligence (AI) to reduce the UK’s carbon emissions.

Energy Storage Battery

Rolls-Royce to Supply Largest Dutch Battery Storage System

A large-scale battery storage system from Rolls-Royce – touted to be the largest in the Netherlands – is the latest to help the Dutch grid manage its overflow…

Hydrogen Production

ABB Energy Management System Drives Green Hydrogen Efficiency

Automation company ABB has released an energy management system, which uses real-time visibility of energy consumption across operations to increase efficiency …

Solar Power Plant

Expansion Planned for West Africa’s Largest Solar Plant

Middle Eastern renewable energy company AMEA Power has announced the expansion of the Mohammed Bin Zayed Solar Power Plant in Togo, from 50MW to 70MW.

Net Zero Emission

Amazon UK Adds E-Cargo Bikes, Walkers in Decarbonisation Drive

Amazon UK said it would expand its electric-cargo bike fleet and make more deliveries on foot to accelerate the decarbonisation of the transportation network it…

LNG

Argentina Government to Send LNG Bill to Congress in Coming Months

Argentina's Economy minister Sergio Massa said on Thursday that the government was readying a liquefied natural gas (LNG) bill to send to Congress in the coming…

Canada

Canada's Alberta Province Forecasts C$12.3 Bln Budget Surplus

Canada's main oil-producing province Alberta on Thursday forecast a C$12.3 billion ($9.2 billion) budget surplus for the 2022/23 fiscal year, but warned economi…

Energy Transition

Vietnam Boosts Coal Use Plan for 2030 as G7 Climate Offer Stalls

Vietnam has increased its coal power target for 2030 under a revised draft energy plan, government documents seen by Reuters show, while renewables goals were s…

Spain

Spanish Windfall Tax on Banks, Energy Firms Clears First Hurdle

An amended windfall tax proposal for Spanish banks and large energy companies cleared its first hurdle in parliament in the early hours of Friday with the backi…

Offshore Wind Power

Chinese Groups Unveil World’s Largest Offshore Wind Turbine

Two Chinese companies announced production of the largest offshore wind turbine built to date, a 16-MW unit developed by China Three Gorges (CTG) and Goldwind. …

Germany

Germany Is Not Blocking EU Energy Solution but Is 'Sceptical', Minister Says

Germany is not standing in the way of the European Union's solution to the energy crisis, Economy Minister Robert Habeck told the Handelsblatt daily on Thursday…