IOOC begins production from Asmari reservoir in Abouzar field, Iran
The reservoir is estimated to produce crude oil in the range of 6,000bpd-10,000bpd
The cost of renewable energy is falling quickly, putting pressure on coal
22 Jun 21Analysis from IRENA finds even the most competitive coal-fired facilities are now struggling to rival renewable energy alternatives…
Vår Energi makes oil and gas discovery near Balder field in North Sea
22 Jun 21Preliminary estimates of the discovery indicate 60-135 million barrels of recoverable oil equivalents
Exxon Mobil reportedly planning to cut US office jobs by up to 10% annually
22 Jun 21The company is undertaking a performance evaluation process to decrease the headcount
Volvo teams up with Northvolt to build new gigafactory in Europe
22 Jun 21The partnership intend to form a joint venture to develop and produce sustainable and customised EV batteries
Japan commits $10bn financial aid for decarbonisation projects in southeast Asia
22 Jun 21Multiple support measures announced by Japan for the region under the Asia Energy Transition Initiative
Brazil Congress passes Eletrobras privatisation bill
22 Jun 21The government will hold a golden share in the company to veto hostile takeovers
Tsodilo secures licence renewal to advance BK16 kimberlite project
22 Jun 21The license renewal of the kimberlite project in Botswana enables it to be advanced to phase 2
IKEA Foundation and Rockefeller Foundation join forces to set up a historic $1 billion initiative to catalyze investments in distributed renewable energy
22 Jun 21Single largest distributed renewable energy initiative aims to reduce 1 billion tons of greenhouse gas emissions
Prysmian Group Awarded $900M SOO Green HVDC Link Project, a Key Milestone in Building a US Clean Energy Grid
22 Jun 21Partnership brings new HVDC transmission cable manufacturing capacity & jobs to the US