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Etienne Cheynet

Cox secures $64mn contract to interconnect Paraguay’s electricity grid
Spanish company Cox has signed a $64mn contract for the design and construction of 500 kilometres of high-voltage transmission lines in Paraguay's Chaco region, in collaboration with local firm L.T. S.A.
Abu Dhabi Fund allocates $205mn to connect Gulf electricity grids
The Abu Dhabi Fund for Development has granted AED752mn ($205mn) financing to the Gulf Interconnection Authority to connect the electricity grids of the United Arab Emirates and Saudi Arabia, enhancing regional energy exchange.

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.
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Ormat Technologies Signs Tolling Agreements for Two Energy Storage Facilities in Israel
Ormat Technologies has signed tolling agreements for two new energy storage facilities in Israel, further strengthening its diversification and resilience in the energy sector.
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: the CRE warns about negative electricity prices, €80 million losses in 2024

The French Energy Regulatory Commission (CRE) issues recommendations to reduce economic losses caused by negative electricity prices, a growing phenomenon in 2024 resulting from an oversupply of electricity compared to demand.
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Northvolt bankruptcy: A European battery giant falters
Under the weight of colossal debt, Northvolt seeks protection under the U.S. Chapter 11 law. The departure of CEO Peter Carlsson marks a critical turning point for the company, once a European flagship in the battery industry.
Africa Redefines Its Refining Future: Opportunities and Challenges Amid Global Competition
Despite pressure on refining margins, Africa is accelerating refinery projects to meet growing demand and enhance energy security, while facing competition from global giants.

Petrobras and Vale Commit to Industrial Decarbonization in Brazil

A major agreement between Petrobras and Vale marks a significant advancement in the decarbonization efforts of Brazil's energy and mining sectors, with the supply of renewable content diesel intended for heavy vehicle fleets.
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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.
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.
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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.
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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Uganda: 21 activists arrested during a march against the EACOP project
In Uganda, 21 activists were arrested in Kampala for protesting against the EACOP oil project, backed by international players, highlighting the economic and geopolitical tensions surrounding this initiative.
Georgia launches its first refinery to secure its energy supply
Georgia begins construction of its first oil refinery at Kulevi, with the aim of reducing its dependence on Russian imports and strengthening its energy autonomy.

Masdar and TotalEnergies launch green hydrogen SAF project

Masdar and TotalEnergies are collaborating to transform green hydrogen into methanol and sustainable aviation fuel (SAF) in Abu Dhabi, aiming to decarbonize the aviation and shipping sectors.
SAF tanker
Zambia turns to South Africa and Zimbabwe for electricity
Zambia will import 200 MW of electricity from South Africa and Zimbabwe to compensate for severe power cuts caused by prolonged drought.
EDF inaugurates CEME 1, Chile’s largest solar power plant
EDF and Generadora Metropolitana launch CEME 1, a 480 MW solar power plant in the Atacama desert, to supply 500,000 homes.
Centrale solaire CEME 1
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NANO Nuclear Advances to Final Round of US Army’s xTechSearch 9 Competition
Vattenfall selects GE Vernova and Rolls-Royce for future nuclear reactors
Washington launches national security probe into imported wind turbines
Qair secures USD 5.7 million financing for floating solar plant in Seychelles
Investments in Green Hydrogen Expected to Reach USD 510 Billion by 2032
Druzhba back in service
The Druzhba pipeline is resuming pumping in the Ukrainian section after a partial suspension, according to the Russian operator Transneft.
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.
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

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Akuo commissions Bennington Wind Farm
Aker Offshore: North Sea Floating Wind Consortium

Akkuyu Nuclear JSC can Build Unit 4

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Aker Offshore unveils its Offshore Plant Project
Akuo commissions 3 wind farms in Poland

Aker Offshore Wind unveils its latest innovation

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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.
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.
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Amanda Levete designs a one-of-a-kind jet engine
Amanda Levete presents the design of the UK's 1st inertial fusion power plant at the UK Atomic energy authority campus in Culham.|Amanda Levete presents the design of the UK's 1st inertial fusion power plant at the UK Atomic energy authority campus in Culham.
Avangrid builds 800MW of Offshore Wind in the USA
Avangrid develops the first large-scale offshore wind project built by unionized workers in the United States.|Avangrid develops the first large-scale offshore wind project built by unionized workers in the United States.

Aker Solutions signs €280 million Offshore Contract

Aker Solutions supplies an HVDC transmission system for an offshore wind project. The customer has not been disclosed yet.|Aker Solutions supplies an HVDC transmission system for an offshore wind project. The customer has not been disclosed yet.
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Avangrid launches Park City Wind Project in Connecticut
Avangrid launches its new Park City Wind offshore wind project in Connecticut and plans to create 2800 jobs.|Avangrid launches its new Park City Wind offshore wind project in Connecticut and plans to create 2800 jobs.
Atlantic Shores prepares 1.5GW of wind power in New Jersey
Atlantic Shores, a new joint venture between EDF Renewables and Shell New Energies, will boost new energies in New Jersey.|Atlantic Shores, a new joint venture between EDF Renewables and Shell New Energies, will boost new energies in New Jersey.
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