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Wind Power Project

Ørsted Enters into pPA with Johnson & Johnson in Ireland and the US

Johnson & Johnson and Ørsted have signed two power purchase agreements.

Natural Gas

Natural Gas Plunges 11% as U.S. Weather Forecast Stifles Demand

Natural gas futures plummeted 11% in the U.S. as forecasts shifted warmer through the middle of next month, allaying concern about tight domestic supplies amid …

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.

Oil Price

Oil Prices Projected To Hit $125 In 2022

In a new report from JP Morgan, analysts are predicting $125 oil next year and $150 oil in 2023

Natural Gas

Sound Energy Enters Gas Sales Agreement for Morocco’s Phase 2 Tendrara Development

The agreement covers the sale of natural gas from the Tendrara Concession in Eastern Morocco over a 10-year period.

Solar Power Plant

Germany Deployed 4.42 GW of PV in First Ten Months of 2021

The country’s cumulative installed solar PV capacity has now reached 56.9 GW.

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

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.