Latest news
Mirova invests in 129-MWp portfolio of French PV
France’s Mirova has made a EUR-18-million (USD 21m) equity investment in compatriot Corfu Solaire that will go towards a 129-MWp portfolio of solar projects in France.
read more... 25/09/2020
Greece’s target of phasing out coal by 2028 is ‘highly optimistic’
Greece apportioned €5bn ($5.9bn) to phase-out the use of coal by 80% by 2023, to reduce the nation’s carbon footprint. These are highly optimistic targets, particularly considering the fact that back in 2015 coal-based generation formed 41.6% of the generation mix. In 2019 this reduced to 27.9%, which, by 2030, if not entirely staged out, is predicted to have a small share of less than 10%.
read more... 25/09/2020
ONGC’s Hazira plant fire may boost India's LNG imports
A fire at state-owned ONGC's Hazira gas-processing plant in Gujarat, western India, has been extinguished and the operator is making efforts to resume normal operations soon.
read more... 25/09/2020
Daily (24.09.2020): European carbon prices lost 5% on Wednesday, as quarterly EUA options expired leading to an oversupply
Oil prices rose slightly on Wednesday amid a drop in US crude and fuel stocks. Still, a rise in the numbers of Covid-19 cases globally limited gains. As a result, Brent crude rose by 4.2% to settle at $42.22 a barrel. Meanwhile, WTI futures hiked by 4.9% at $40.16 a barrel.
read more... 24/09/2020
Africa Is The Undeniable Final Frontier For Oil
The pandemic has been devastating for the oil industry globally. Explorers suspended drilling, producers idled wells, Big Oil majors put up assets for sale. But the world continues to need oil, albeit lower amounts of it than a year ago, and it will continue to need it. Exploration is not dead. It is especially not dead in Africa—a hot spot in oil and gas before the pandemic.
read more... 24/09/2020