The company DG Raspail Conseil has been convicted of concealing favouritism with EDF. 81,000 fine for contracts awarded without competition or advertising. This decision was pronounced within the framework of a procedure of preliminary recognition of guilt (CRPC) and the sentence was approved by a judge.
The impact of the war in Ukraine on gas trade with Europe has been disastrous for Russia, with several exports reduced and revenues almost halved this year according to estimates. Russia is seeking to adapt by negotiating new commercial contracts and diversifying its gas production in order to continue to maintain its economy.
The Organization of the Petroleum Exporting Countries (OPEC) revised upward its forecast for global oil demand growth in 2023 in its monthly report released Tuesday. The lifting of COVID-19 restrictions in China and expected production cuts in Russia and other non-OPEC producers led to this upward revision, the first in several months. Oil prices could rise with demand growth of 2.3%.
Exxon Mobil is reluctant to become more involved in oil development in Guyana pending the revelation of the new terms of the production sharing agreement (PSA). Liam Mallon, the company’s president of oil and gas production, said Guyana is central to its plans to increase the company’s global oil production by about 13 percent by 2027. The company’s decision will depend on the terms of the new PSA, which are expected to be finalized on March 8.
Siemens Gamesa CEO Marc Becker today announced plans to build a major offshore nacelle manufacturing facility in New York. The plant could create approximately 420 direct jobs, support a significant increase in indirect employment, and achieve an investment of approximately $500 million to contribute to the U.S. goals of producing a total of 30 GW of offshore wind energy capacity by 2030.
Iberdrola receives a €150 million green loan from the European Union to build wind and photovoltaic farms in Italy. The funding will include ancillary infrastructure and will produce green energy for the equivalent of 260,000 homes while creating 600 temporary jobs. The objective is to strengthen Europe’s energy independence and contribute to the achievement of climate objectives.
MaxSolar and SEAC Group announce their partnership to strengthen their position in the German renewable energy market, adding more than 3.1 GW of PV projects to MaxSolar’s portfolio. An important contribution for regions and companies.
Sheffield Forgemasters and Holtec Britain are collaborating on the development of components for the SMR-160 reactor. This collaboration will position Sheffield Forgemasters at the top of the supply chain for the manufacture of small modular reactors in the UK. SMRs offer enhanced security features and are deployable faster and at a lower cost.
There have been significant changes in the U.S. nuclear information sharing rules. Mexico becomes an unrestricted authorized country, while Colombia and Egypt are now excluded from the list of generally authorized countries.
The Spanish government strengthens its sanctions against Russian oil products following the European Union. Only vessels that have re-flagged after February 24, 2022 may be exempted. This time, the Maersk Magellan was refused at Tarragona because of a cargo of oil products of Russian origin.
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