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COMMENT: Striking a balance in the global energy transition
As oil prices rise to their highest level in almost three years, OPEC and its partners are discussing a deal to increase production. Abandoning fossil fuels is a hot topic, but like it or not, oil remains the world’s most important commodity.
Ecopetrol secures extension of exclusivity agreement for ISA stake acquisition
Colombia's government has extended the period during which Ecopetrol has the exclusive right to negotiate for a majority stake in ISA from June 30 to August 31.
Four Southeast European countries commit to exiting coal energy
The step is most significant for Montenegro and North Macedonia, which generate around half of their electricity from coal.
AFRELEC: Chinese withdraw from ambitious Zimbabwe coal power plans
The Industrial and Commercial Bank of China (ICBC) has abandoned plans to finance the $3bn, 2,800-MW Sengwa coal power project in northern Zimbabwe.
ASIAELEC: Asia’s coal proposals could threaten Paris goals
Coal is set to be more expensive than renewables, making green energy a better bet financially and environmentally.
MDB climate finance reaches $66bn in 2020
Multilateral development banks (MDBs) provided $66bn of climate finance in 2020, up from $61.6bn in 2019.
REM: US government launches environmental review of 2-2.3 GW offshore wind project off New England
The US Bureau of Ocean Energy Management (BOEM) has launched an environmental review of the construction and operations plan for the massive Vineyard Wind South offshore wind project off the north-eastern US.
Romania’s energy blockchain revolution failed before it started
The ICOs of two tokens launched in Romania three years ago raised a total of $55mn, but today their values have plunged close to zero and their websites are down. bne IntelliNews investigates where their founders are now.
GOIL seeks partner for DW/CTP project
Ghana’s state-controlled oil marketing concern has started looking for a new partner in the Deepwater Cape Three Points (DW/CTP) project.
Ghanaian court rules against Eni in court battle over Sankofa/Afina unitisation
Springfield Exploration and Production, a privately owned Ghanaian company, has scored a victory in its legal battle with Italy’s Eni over the unitisation of two offshore licence areas, Sankofa and Afina.
DMEA: Eyes on fuel sources
MEOG: UAE bid expected as Iraq talks connectivity
LatAmOil: Ecopetrol given more time to prepare ISA offer
Colombia’s Ecopetrol says that the government will extend the period during which it has the exclusive right to negotiate for a 51.4% stake in Interconexion Electrica SA (ISA), the country’s electricity transmission operator.
AfrOil: Developments in Ghana’s offshore zone
Ghana’s offshore zone is in the spotlight this week, with Eni (Italy) losing a court case to a local company and state-owned Ghana Oil (GOIL) seeking a new partner to replace ExxonMobil (US) in the DW/CTP project.
EurOil: Shell moves in on BP Shearwater position
FSUOGM: Novatek considers Yamal wind power
GLNG: South Africa rejects Karpowership applications for LNG-to-power projects
South Africa’s Department of Forestry, Fisheries and the Environment (DFFE) has decided against giving Turkey’s Karpowership permission to go ahead with three LNG-to-power projects.
AsianOil: Pertamina’s shipping arm unveils $4bn asset upgrade plan
The shipping arm of Indonesia’s state-owned Pertamina has unveiled plans to invest $4bn to upgrade its vessels and terminals over the next seven years.
NorthAmOil: Southwestern commits to RSG in Appalachia
Southwestern Energy announced last week that it had struck a deal with Project Canary to certify all of its Appalachian Basin shale gas output as being responsibly sourced.
ENERGO: Poland’s PKN Orlen picks GE Power to carry out coal to gas switch at Ostroleka power plant project
Erdogan launches Kanal Istanbul construction despite chorus of environmental protest
Mega infrastructure has estimated cost of $65bn but critics say it's not needed. Observers see it as revenue spinner for backers of ruling party.
US midstream sector approaching TSA’s deadline for cybersecurity compliance
US pipeline companies are facing a deadline for compliance with a cybersecurity directive issued last month by the Transportation Security Administration (TSA) following a ransomware attack on Georgia-based Colonial Pipeline.
Gazprom reportedly withholds gas supplies to drive up European prices
Gazprom is intentionally withholding gas supplies to drive up prices in Europe, according to the FT. But not everyone agrees.
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