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Energy Transition
Brookfield Bets $11.8 Billion on Australia’s Energy Transition
Brookfield Asset Management has led a consortium that looks set to acquire Australian utility Origin Energy for some $11.8 billion, a move that is seen as a way…
Crude Oil
Saudi Energy Minister Stresses the Importance of Oil Security
The world cannot go without Saudi oil exports for more than two or three weeks, Saudi Arabia’s Energy Minister, Prince Abdulaziz Bin Salman.
Energy Transition
AIIB, GEAPP to Invest $1b for Energy Transition Projects
They will identify co-financing opportunities in both the public and private sectors.
CCS
Chevron, Japan's MOL to Study CO2 Transportation From Singapore to Australia
Chevron Corporation and Japan's Mitsui O.S.K. Lines (MOL), Ltd. (MOL) have signed an agreement to study the feasibility of transporting liquefied carbon dioxide…
Offshore Wind Power
Rapid Growth Seen in Asia’s Offshore Wind Capacity: Report
It is expected to rise by 15.3% annually.
Offshore Wind Power
China’s Offshore Wind to Grow to 97GW by 2031: Report
This represents an annual growth rate of 14.3%.
World Burning up Faster That It Can Recover, Says Pakistan’s PM at COP27
Pakistan’s Prime Minister Shehbaz Sharif has urged richer nations to support countries that are recovering from the effects of climate change.
Carbon Emissions
S&P Global to Launch Carbon Intensity Assessments for Diesel, Gasoline and Jet Fuel
S&P Global Commodity Insights said on Wednesday it would launch the first carbon intensity assessments and daily carbon offset premiums for transportation fuels…
COP27: $1bn Signed for Grid-Based Projects ‘in Asia and Beyond’
A strategic investment partnership will see AIIB and GEAPP mobilise up to $1 billion and identify co-financing opportunities for projects and programs of common…
Brazil
EDP Brazil Shrinks Hydropower Portfolio in Favour of Solar
EDP Brazil said it believes in a future with more solar energy in its portfolio, in addition to more investments in distribution and transmission.
United States
Chevron and JERA Jointly Pursue Lower-Carbon Solutions in the US and Asia Pacific
Chevron New Energies, Chevron’s unit focusing on low-carbon fuels, and Japanese energy giant JERA have agreed to collaborate on multiple lower-carbon opportuni…
Energy Transition
Panama, Uruguay, and Norway Join Clean Energy Marine Hubs Initiative at COP27
The governments of Panama, Uruguay, and Norway have signed up to the Clean Energy Marine Hubs Initiative, a worldwide cross-sector initiative aimed at catalyzin…
Floating Offshore Wind
Equinor Looks to Celtic Sea for New Floating Offshore Wind Opportunities
Equinor has announced its interest in developing gigawatt scale floating offshore wind in the Celtic Sea, with the upcoming Celtic Sea floating wind seabed leas…
Australia
Australian Government Expands ARENA 2022-23 Federal Budget
This will include A$146.1m for the decarbonisation of the road transport sector.
LNG
Canadian LNG Exports to Asia Could Cut Emissions by the Equivalent of Removing All Vehicles From Canadian Roads, New Study Shows
Canadian liquefied natural gas (LNG) exports to Asia could reduce annual emissions by the equivalent of removing every single car from Canadian roads.
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