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July 2020

Used oil imports multiply twentyfold under pressure from biofuels
Global demand for biofuels is driving a sharp increase in used oil imports to Europe and the United States, straining global feedstock supply chains, according to the International Energy Agency.
Singapore distillate stocks rise above 10 million barrels
Singapore’s gasoil and kerosene inventories reached a three-month high after a sharp weekly drop in net exports, supported by a marked increase in imports from Northeast Asia.

Alkagesta opens biofuels trading desk in Geneva to strengthen its investments

Trader Alkagesta opens a new biofuels trading desk in Geneva, targeting European market growth and consolidating its investments in alternative fuels.
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Indonesia approves 10% mandatory bioethanol blend in gasoline
The Indonesian government plans to mandate a 10% bioethanol blend in gasoline to reduce fuel imports and support the local ethanol industry.
California authorises E15 fuel sales to reduce pump prices
California lifts its ban on E15 fuel, opening its vast market to the ethanol-gasoline blend in a bid to lower prices and expand consumer options.

DRC caps cobalt exports at 96,600 tonnes until 2027

Kinshasa replaces export ban with a quota system covering just half of its output, triggering a price surge and global supply tensions.
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India risks regulatory setback on ethanol as Brazil consolidates SAF lead
India holds a surplus of ethanol that could support SAF production, but unclear sugarcane feedstock rules limit commercial development.
Six oil companies fined €937mn for bioethanol price fixing in Italy
Italy’s competition authority has fined six oil companies nearly €1bn for colluding on bioethanol pricing between 2020 and 2023, including a €336mn penalty for Eni.

LanzaJet and KMG launch engineering phase of Kazakhstan’s first SAF project

LanzaJet and state-owned KazMunayGas have reached a decisive milestone towards building Kazakhstan’s first sustainable aviation fuel plant, with the immediate start of the engineering phase.
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MCatalysis secures funding to industrialise microwave catalysis technology from Oxford
Texas-based start-up MCatalysis secures seed funding from HL Energy Ventures to exploit, under exclusive licence, a microwave catalysis technology developed at the University of Oxford.
Altalto secures public funding for its UK waste-to-aviation fuel project
Altalto (Immingham) Limited receives backing from the UK government to integrate NEXTCHEM technologies into its sustainable aviation fuel project derived from municipal waste.

RWE activates 83 megawatts of wind and solar capacity in France

German group RWE has commissioned five new power plants in France, adding 83 MW to its portfolio, following repeated successes in tenders organised by the Energy Regulatory Commission.
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European Union delays climate commitments amid political tensions
The European Union postpones the launch of negotiations on its 2040 climate target amid internal deadlocks and mounting geopolitical pressure.
Ecoplanta: Repsol’s Project Reaches Key Milestone for Methanol Production from Waste
Repsol has approved the final investment decision for the Ecoplanta project in Spain. This innovative project, utilizing Enerkem's technology, aims to convert non-recyclable municipal waste into methanol, marking a step towards industrial decarbonization.

France Publishes Offshore Wind Deployment Map by 2035 and 2050

The French government unveils its strategy to increase offshore wind capacity, targeting 18 GW by 2035 and 45 GW by 2050, through an ambitious call for tenders covering all maritime fronts.
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Economics of Shale Projects: Rising Costs of Oil Production
The continued increase in development costs of upstream oil projects is testing the economic viability of new oil production. A recent study by Rystad Energy reveals an increase in breakeven costs, while still remaining below current oil prices.
Avjet Holding fined 200,000 dollars for oil spill in Quebec
Avjet Holding Inc. was fined 200,000 dollars by the Quebec Court for violating the Canadian Environmental Protection Act following a spill of 4,900 liters of petroleum product in January 2023.

TotalEnergies Invests USD 10.5 Billion in Suriname’s First Offshore Oil Project

TotalEnergies, in partnership with APA Corporation, has confirmed a USD 10.5 billion investment to develop Block 58 off the coast of Suriname. The project aims to exploit the oil resources from the Sapakara and Krabdagu fields, with reserves estimated at over 750 million barrels. The fields, located 150 kilometers offshore, will be developed using a Floating Production Storage and Offloading (FPSO) unit capable of processing up to 220,000 barrels per day.
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OPEC cuts demand forecasts in the face of rising rival production
OPEC is revising its oil demand forecasts for 2024 and 2025 downwards, due to weak economic growth and increased supply from its competitors.
Chaberton Energy starts 2.9 MW solar project in Howard County
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Croatia targets Russian stake in NIS to maintain oil flows
Salt River Project launches 50 MWh storage pilot with ESS in Arizona
Africa Energy granted regulatory reprieve for South African offshore Block 11B/12B
Idemitsu launches its first 15MW grid battery on former oil site
Wood Mackenzie: the UK can double North Sea reserves without breaching climate limits
France: Nuclear safety reform will not return in final version of acceleration law
The controversial nuclear safety reform is not expected to be included in the final discussions on the nuclear acceleration bill, sources told AFP. Members of Parliament rejected the government's amendment in March and future debates should respect their vote.
France: Engie prepares its customers for the end of the regulated gas tariff
Engie offers its regulated tariff subscribers a bridging offer called "Passerelle" indexed on a reference indicator calculated by the Commission de régulation de l'énergie, which should experience marginal increases, but which allows the user to retain absolute freedom.

Siberia Force 2023, renewal of Sino-Russian energy cooperation

Russia and China continue their energy cooperation with the Siberian Force 2 pipeline project. This ambitious initiative aims to deliver 98 billion cubic meters of gas to China by 2030, strengthening ties between the two countries.
Ecoligo to install a photovoltaic system on one of its reservoirs in Kenya
Ecoligo, a German company, is collaborating with Rift Valley Roses in Kenya to implement an innovative solar system, reducing electricity costs and CO2 emissions.
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Oil prices down despite Russian production cuts
Oil prices started the week lower, despite the announcement of Russian oil production cuts. Concerns about near-term demand have returned to the forefront as the uncertain economic outlook in many major oil-consuming economies, such as the U.S., Europe and even China, persists.

Druzhba back in service

The Druzhba pipeline is resuming pumping in the Ukrainian section after a partial suspension, according to the Russian operator Transneft.
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Boralex, Change of CEO
Boralex, a Canadian company, appoints Patrick Simon as Assistant General Manager of Boralex Development, Europe.
New Floating Solar Panel Project in Albania
Statkraft will build a 2 MW floating solar power plant at the Banja reservoir, Albania, in partnership with Ocean Sun, illustrating the global rise of floating solar technologies. Other similar projects are being developed in China, India and South Korea.
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Air Liquide announces Russian hydrogen project

Air Liquide, in partnership with Rusatom Overseas, presents its project for a hydrogen production unit on Sakhalin Island.
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Aker BP plans to increase gas exports
Norway's Aker BP wants to increase gas exports from its Skarv field to take advantage of its high price.
Kazakhstan’s Uranium Price Pressured by Crisis

Akuo commissions Bennington Wind Farm

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Aker Offshore: North Sea Floating Wind Consortium
Akkuyu Nuclear JSC can Build Unit 4

Aker Offshore unveils its Offshore Plant Project

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Akuo commissions 3 wind farms in Poland
Aker Offshore Wind unveils its latest innovation

AEP commissions the 2nd Park of the North Central Project

AEP commissions the 287 MW Maverick wind farm, the 2nd wind farm of the 1485 MW North Central Wind Energy project in Oklahoma.|AEP commissions the 287 MW Maverick wind farm, the 2nd wind farm of the 1485 MW North Central Wind Energy project in Oklahoma.
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Axpo concludes Europe’s largest wind power PPA
Axpo announces the signing of a long-term power purchase agreement with CEZ's Fântânele-Cogealac-Gradina wind farm.|Axpo announces the signing of a long-term power purchase agreement with CEZ's Fântânele-Cogealac-Gradina wind farm.
Acteon supports Siemens Gamesa in the CVOW Project
Acteon supports Siemens Gamesa with cable trenching for the Coastal Virginia Offshore Wind project near the Virginia coast.|Acteon supports Siemens Gamesa with cable trenching for the Coastal Virginia Offshore Wind project near the Virginia coast.