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Energy Technology

HDF and Teréga Launch HyGéo Project

Hydrogène de France and Teréga have signed an agreement to develop mass hydrogen storage solutions in salt caverns for multiple applications.

Market Analysis

Biebuyck Hails Ambition of EU Hydrogen Strategy

Bart Biebuyck, Executive Director of Fuel Cells and Hydrogen Joint Undertaking (FCH JU), hailed the ambition of the recently released European Union’s (EU) rec…

Solar Power Plant

Double Tax on Solar Imports Could Collapse ‘Large Numbers’ of Indian Projects: Fitch

The threat of a double taxation of solar in India via both safeguard and basic custom duties could squeeze developers and result in large numbers of project can…

Energy Saving

Driving Manufacturing Efficiency Through Gas-Generated Energy

Industries around the world are investing in alternatives such as gas-generated energy to supplement their electricity supply to ensure they can continue operat…

Oil Field

Petrobras, Karoon Agree on Changes to Terms of $665 mln Sale of Baúna Field Stake

Under the new terms, Karoon is paying an initial $380 million to Petrobras, including a $49.9 million downpayment made on July 24.

Wind Farm

Repsol to Purchase 1.6GW of Renewable Assets in Chile

Repsol has agreed to form a joint venture (JV) with Grupo Ibereólica Renovables to manage a portfolio of renewable energy projects in Chile.

Energy Investment

Brazil’s Eneva Offers $1.4bn to Acquire Stake in AES Tiete

Brazilian power generation company Eneva has reportedly submitted an offer of a $1.44bn (BRL7.5bn) to acquire a controlling stake in AES Tiete Energia.

Thermal Plant

Wärtsilä to Deliver Dual Fuel and Storage Solution for Virgin Lslands Power plant

Wärtsilä will deliver engineering, construction, dual-fuel engines and energy storage capacity for a new power plant in the U.S. Virgin Islands.

Electricity Transmission

Iberdrola Slams UK’s Proposal for Lower Network Returns

Spanish utility Iberdrola's chief executive, Ignacio Galan, has strongly criticised UK energy regulator Ofgem's proposal to cut the allowed return on equity for…

Oil & Gas Trade

Kuwait Heavy Oil Output to Hit 75,000 b/d by September

State-owned KPC's upstream arm KOC has been ramping up production from the South Ratqa heavy oil field and expects to reach its phase one plateau target of 60,0…

Crude Oil

Indian Refinery Runs Edge Higher in June

Indian refining throughputs rose back above 4mn b/d in June in a partial recovery from the Covid-19 downturn, but remained well below year-earlier levels.

Energy Investment

Efficiency Companies Raise $858 Million In VC Funding In 1H 2020

Funding into Battery Storage and Efficiency companies was down in the first half of 2020

Oil Field

Shell Gets Green Light for Brent Alpha Jacket Decommissioning Plan

UK authorities have approved Shell’s decommissioning plan for the Brent Alpha jacket, located in the UK sector of the North Sea.

South Africa

Nyimpini Mabunda Named New CEO for General Electric in Southern Africa

Nyimpini Mabunda has been appointed Chief Executive Officer for Southern Africa for General Electric.

Microgrid

Cummins Gas-Fired Generator Selected for Aussie Gold Mine Microgrid

Cummins has installed one of its lean-burn gas generators for a microgrid project at an Australian gold mine.