Energy & Climate Markets
Indian demand for petroleum products grew by 5% in 2023-2024
Production of petroleum products in India rose by 4% to 276 Mt in the financial year 2023-2024 (April 2023-March 2024), while consumption of...
Infrastructure & Investments
New Fortress Energy starts building a 1.6 GW gas-fired power plant in Brazil
The US energy company New Fortress Energy (NFE) has finalised an engineering, procurement and construction (EPC) contract with a consortium ...
Infrastructure & Investments
OPG will upgrade Niagara Falls hydropower plants (1.7 GW) (Canada)
The Canadian regional power utility Ontario Power Generation (OPG) plans to invest CAD1bn (US$730m) to refurbish up to five hydropower plant...
Energy & Climate Markets
The US will reimpose sanctions against Venezuela's oil sector
The US administration has decided to reimpose sanctions on the Venezuelan oil sector, not renewing its General License 44 and authorising a ...
Companies
Enea’s power output declined by a fifth in 2023 (Poland)
The Polish energy company Enea has released its 2023 results, posting a EBITDA of PLN6.3bn (€1.5bn) and a net loss of PLN443m (€1022m), caus...
Infrastructure & Investments
Equinor secures consent for two offshore wind projects totalling 719 MW (UK)
The UK Secretariat of State for the Department of Energy Security and Net Zero has granted development consent to Equinor to double the capa...
Infrastructure & Investments
Romania greenlights a 205 MW wind project
The Vaslui Environmental Protection Agency (Romania) has greenlighted the 205 MW Hoceni - Dimitrie Cantemir onshore wind project, located in...
Energy Prices & Taxes
Poland increases maximum power price for households by 21%
The Polish government has unveiled a draft bill outlining a phased approach to reduce support electricity, gas, and heating consumers, prior...
Infrastructure & Investments
EWEC launches RFP for a 1.5 GW solar project in Abu Dhabi (UAE)
EWEC (Emirates Water and Electricity Company) has issued a Request for Proposals (RFP) to qualified developers and consortiums that have exp...
Energy & Climate Markets
BP starts production oil from new platform offshore Azerbaijan
BP, the operator of the giant Azeri-Chirag-Gunashli (ACG) oil project in the Caspian Sea, has started oil production from its new Azeri Cent...
Infrastructure & Investments
ACWA Power secures a Chinese financing for its Uzbekistan projects
The Saudi power company ACWA Power has secured an US$80m equity bridge loan from the Bank of China to finance the development of renewable p...
Energy & Climate Markets
Dutch Senate greenlights law to end gas production at Groningen
The Dutch Senate has approved a bill definitively ending gas extraction at the Groningen field from the 2024-2025 gas year, i.e., as of 1 Oc...