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Energy Transition

Nine Ways to Decarbonize the South African Energy Sector

The energy sector currently accounts for two-thirds of global carbon emissions and expedited progress on energy efficiency.

Coal Production

Global Coal Consumption is Being Driven by Developing Countries

According to the Energy Information Administration, combustion of coal emits about 210 pounds of CO2 per million British thermal units of energy.

LNG

LNG Markets May Not Recover Until 2021

The cash margin for U.S. LNG exporters improved slightly in the second quarter, but will likely remain negative for the duration of 2020.

Oil & Gas Trade

Kuwait's Oil Sector Cancels Several Tenders & Projects to Cut Costs

Kuwait Petroleum Corporation and its subsidiaries have started to cancel a large number of unimportant tenders and contracts within the budget of the current fi…

United States

New York to Invest $750 Million to Expand Electric Vehicle Infrastructure

An investment program that would allocate $750 million to build charging stations and other electric-vehicle infrastructure as part of the state's long-term goa…

United States

India to Create its First Overseas Oil Stockpile in US

India is moving to store oil in the US, the first time world’s third-largest oil guzzler is creating an emergency reserve abroad to take advantage of low price…

United States

US Oil & Gas Rig Count Falls to Record Low for 11th Week: Baker Hughes

The US oil and gas rig count, an early indicator of future output, fell by five to an all-time low of 253 in the week to July 17.

Crude Oil

Crude Shipments Resume from Pemex Floating Oil Storage Unit After Collision

An oil production and storage vessel operated by Mexican state oil firm Pemex in the Gulf of Mexico has resumed crude shipments after a tanker collision halted …

Several Agreements Signed at US-India Strategic Energy Partnership Ministerial Meeting

They also discussed the possibility of India storing oil in the US Strategic Petroleum Reserve to increase their nation's strategic oil stockpile.

Mozambique

Total Secures $14.9 bn to Finance Mozambique Gas Project

French oil giant Total on Friday said it had signed a $14.9 billion financing agreement for a gas project in northern Mozambique.

Norway

Norway’s Oil Industry Is Beginning To Recover

Norway sees oil and gas activity picking up after the market turmoil and the health crisis earlier this year, the Norwegian Petroleum Directorate said in its fi…

Power Construction

Ofgem Conditionally Approves 600MW Shetland Transmission Link

The UK’s energy regulator Ofgem has conditionally approved a subsea transmission link between the Shetland Islands and the mainland of Great Britain.

Power Construction

TfL Eyes Renewables PPAs to Power Rail Network

Renewables could power Transport for London’s rail services as it explores the possibility of forming Power Purchase Agreements.

Solar Power Plant

Storage Wales Chosen for Lithium-ion Gigafactory and 200MW Solar Farm

Britishvolt has signed a Memorandum of Understanding (MoU) with the Welsh government for the development of its “landmark” gigafactory.

South Korea

South Korea’s President Reaffirms 12 GW of Offshore Wind by 2030 Goal

President of South Korea Moon Jae-in has pledged to expand the country’s offshore wind power capacity from the current 124 MW to 12 GW by 2030.