(Reuters, 25.Apr.2021) — India, the world’s third-largest crude consumer and importer, has approached Guyana’s government about a possible long-term deal to buy the South American country’s oil, a Guyanese official said. India has expressed interest in buying one of the 1 million-barrel cargoes Guyana’s government is entitled to in order […]
Category: Asia
Asia energy
BHP Becomes Founding Member Of Maritime Decarbonisation Centre
(BHP, 21.Apr.2021) — BHP signed a Memorandum of Cooperation (MoC) with Singapore’s Maritime and Port Authority (MPA) to become one of the founding members of the Maritime Decarbonisation Centre to be set up in Singapore. Under the MoC, BHP together with BW Group, Eastern Pacific Shipping, Ocean Network Express, Sembcorp […]
Maxeon Prices Ordinary Shares
(Maxeon Solar, 16.Apr.2021) — Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) announced the pricing of an underwritten public offering of $125mn of ordinary shares at a price of $18 per share. Maxeon also granted the underwriters a 30-day option to purchase up to an additional $18.7mn of ordinary shares in the […]
CB&I Awarded LNG Storage Contract For Philippines’ First LNG Import Terminal
(McDermott International, Ltd, 14.Apr.2021) — McDermott International, Ltd announced that its CB&I Storage Solutions business has been awarded a contract by Atlantic Gulf and Pacific Company of Manila Inc. (AG&P) for the engineering, procurement and construction of a liquefied natural gas (LNG) storage tank for AG&P’s Philippines LNG import and […]
Excelerate Completes 2000th Ship-to-Ship Transfer Of LNG
(Excelerate Energy, 6.Apr.2021) — Excelerate Energy L.P. completed its 2000th commercial ship-to-ship (STS) transfer of liquefied natural gas (LNG) on 3 April 2021, at Excelerate’s Moheshkhali Floating LNG (MLNG) terminal located offshore Bangladesh in the Bay of Bengal. Using Excelerate’s floating storage regasification unit (FSRU) Excellence and a conventional LNG carrier, 144,191 […]
CNOOC’s Production Hits Record High
(CNOOC Limited, 25.Mar.2021) — CNOOC Limited announced its 2020 annual results for the year ended 31 December 2020. In 2020, CNOOC Limited strengthened confidence, focused on its own development, proactively responded to the sharp drop in international oil prices and the impact of COVID-19 epidemic, and built up a strict […]
HPCL-Mittal Awaits Guyanese Crude Liza
(Reuters, 23.Mar.2021) — The first cargo from new oil producer Guyana to the world’s third-largest crude importer, India, departed this month from a production facility off the South American nation’s coast in a vessel chartered by trading firm Trafigura, data from Refinitiv Eikon showed on Tuesday. The cargo was bought […]
India Eyes Renewable Energy Sources
(Energy Analytics Institute, 19.Mar.2021) — India’s government has big ambitions for renewable energies, as 55% of its electricity is generated by burning fossil fuels. The Asian country aims to generate 450 gigawatts (GW) from renewable energy sources by 2030. The country’s solar sector is booming and expected to account for […]
Xi Jinping Urges Joint China-Guyana Ties
(CGTN, 17.Mar.2021) — Chinese President Xi Jinping said Tuesday that China and Guyana should take the 50th anniversary of their diplomatic ties next year as an opportunity to push for more cooperation results and lift bilateral relations to higher levels. In a telephone conversation with Guyanese President Irfaan Ali, Xi […]
![Borr Drilling’s Fleet Status Report [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2021/02/Screenshot_2021-02-26-a7966265c6e9db45-pdf.png)
Borr Drilling’s Fleet Status Report [PDF Download]
(Energy Analytics Institute, 26.Feb.2021) — Borr Drilling Limited provided a fleet status report through 26 February 2021. The update can be found here. ____________________ By Jared Yamin. © Energy Analytics Institute (EAI). All Rights Reserved.
Chinese Loans To LatAm Plunge As Virus Strains Ties
(AP, 24.Feb.2021) — It seemed like a match made in finance heaven. In 2010, China, its economy roaring and state companies looking to expand globally, set its eyes on Latin America, a region starved of capital but rich in natural resources the Asian giant lacked. The result: a record US$35 […]
JinkoSolar To Ink Deal With Tongwei
(JinkoSolar, 19.Feb.2021) — JinkoSolar Holding Co., Ltd. intends to sign a “strategic cooperation agreement” with Tongwei Co., Ltd. – to jointly invest in a high-purity crystalline silicon project with annual capacity of 45,000 metric tons and a silicon wafer project with an annual production capacity of 15GW, as well as […]
JinkoSolar Secures 3-year Supply Of Solar Glass
(JinkoSolar, 18.Feb.2021) — JinkoSolar Holding Co., Ltd. and its subsidiaries have signed a solar glass procurement contract with Flat Glass Group Co. Ltd., securing approximately 338 million square meters of rolled glass to support the production of 59GW of JinkoSolar’s high-efficient solar modules for three years from 2021 to 2023. […]
Guyana Re-engages India On Support For Renewables
(Guyana Times, 11.Feb.2021) — Guyana has re-engaged the Indian Government through The Energy and Resources Institute (TERI) to provide technological support in several sectors that will drive its achievement of the Sustainable Development Goals 2030. President Dr Irfaan Ali made this announcement during his address to the World Sustainable Development […]
China Expands Presence In LatAm’s Energy Industries
(IOA, 10.Feb.2021) — China is broadening its presence in Latin America’s energy and strategic minerals sectors, posing challenges to the regional countries themselves as well as to the United States, according to a new white paper published by the Institute of the Americas (IOA), an independent, nonpartisan organization based in […]
Maersk Awarded One-well Drillship Contract In Korea
(Maersk, 8.Feb.2021) — Maersk Drilling has secured a contract from Korea National Oil Corporation (KNOC) for the drillship Maersk Viking to drill one exploration well in Block 6-1 offshore the Republic of Korea. The contract is expected to commence in June 2021, in direct continuation of the rig’s previous work […]
CNOOC Reveals 2021 Business Strategy
(CNOOC, 4.Feb.2021) — CNOOC Limited announced its business strategy and development plan for the year 2021. In the extremely challenging year of 2020, under the leadership of the Board of Directors, the company’s management, together with all staff, overcame the huge impact from low oil price and the pandemic of […]
OPEC+, Covid-19 and Energy Transition: 3 Themes in 2021
(WoodMac, 28.Jan.2021) — Wood Mackenzie’s latest outlook report shows that the art of balancing oil markets and the refining sector in 2021 hinges upon three key themes – OPEC+ production, Covid-19 developments, and the energy transition. Following 2020’s unprecedented oil demand shock amid the Covid-19 pandemic, Wood Mackenzie expects 2021 […]
Hess Updates On Ops In The US, Guyana And Malaysia
(Hess, 27.Jan.2021) — Hess Corporation provided operational highlights from the fourth quarter of 2020 and its operations in the US Bakken, the US Gulf of Mexico, offshore Guyana and Malaysia. Bakken (Onshore U.S.): Net production from the Bakken increased to 189,000 boepd from 174,000 boepd in the prior-year quarter. Net […]
Huntkey Releases 20W Mini PD Charger In China
(Huntkey, 20.Jan.2021) — Huntkey, a leading provider of power solutions, has officially released its 20W Mini PD Charger – the K20 in China. It is now available on Tmall.com, one of biggest e-commerce giants in China. The K20 is designed with one USB-C charging port that is compatible with PD […]
Eurasia Group Publishes Top Risks For 2021
(Eurasia Group, 4.Jan.2021) — As we begin 2021, the United States is the most powerful, politically divided, and economically unequal of the world’s industrial democracies. China is America’s strongest competitor, a state capitalist, authoritarian, and techno-surveillance state that is increasingly mistrusted by most G20 countries. Germany and Japan are much […]
AES To Divest Mong Duong 2 Coal-Fired Plant In Vietnam
(AES, 4.Jan.2021) — The AES Corporation (AES) signed an agreement on 31 December 2020 to sell its entire equity interest in the 1,242 MW Mong Duong 2 coal-fired power plant in Vietnam to a consortium led by a US-based investor. This transaction is expected to close in late 2021 or […]
Maxeon Solar Wins Patent Validity Ruling In China
(Maxeon Solar, 20.Dec.2020) — Maxeon Solar Technologies, Ltd., a global solar innovation leader, received a positive patent validity ruling in a patent invalidation action filed in China by the Chinese solar manufacturer LONGi Green Energy Technology Co., Ltd. The action was filed against one of Maxeon’s patents for the proprietary […]
JinkoSolar Announces At-The-Market Offering of ADSs
(JinkoSolar, 16.Dec.2020) — JinkoSolar Holding Co., Ltd. filed a prospectus supplement to sell up to an aggregate of $100,000,000 of its American depositary shares (ADSs), each representing four ordinary shares, through an at-the-market equity offering program. The ADSs will be offered through Credit Suisse and Barclays as sales agents. Sales, […]
Maxeon Solar Technologies Joins The UN Global Compact
(Maxeon, 14.Dec.2020) — Maxeon Solar Technologies, Ltd. joined the United Nations Global Compact, the world’s largest voluntary corporate sustainability initiative. The company committed to be a Signatory of the Global Compact in its first full quarter of operations from its global headquarters in Singapore, having become an independent entity at […]
Energy Capital Vietnam And Gunvor Form Trade JV
(ECV, 8.Dec.2020) — Energy Capital Vietnam (ECV), a US-based project holding and development company established in 2015 to serve as a platform for private investment into Vietnam, has announced the formation of a joint venture (JV) with Gunvor International BV (Gunvor), one of the world’s leading independent energy commodities trading […]
India Looks To Resume Iran, Venezuela Oil Imports
(Reuters, 2.Dec.2020) — India wants to diversify its oil imports, including the resumption of supplies from Iran and Venezuela, after U.S. President-elect Joe Biden takes office, Oil Minister Dharmendra Pradhan said on Wednesday. India was the key buyer of Iranian and Venezuelan oil before slashing purchases after President Donald Trump […]
JinkoSolar Sells Stake In Abu Dhabi Sweihan Station
(JinkoSolar, 27.Nov.2020) — JinkoSolar Holding Co., Ltd. announced its wholly-owned subsidiary JinkoSolar Sweihan (HK) Limited has signed a share and debt purchase agreement with Jinko Power (HK) Company Limited, an indirectly wholly-owned subsidiary of Jinko Power Technology Co., Ltd. Pursuant to the agreement, Sweihan HK will sell its 50% equity […]
JinkoSolar Announces New Chief Operating Officer
(JinkoSolar, 25.Nov.2020) — JinkoSolar Holding Co., Ltd. announced the resignation of Mr. Zhiqun Xu as the company’s Chief Operating Officer and the appointment of Dr. Jiun-Hua Allen Guo as the Company’s new Chief Operating Officer. Dr. Guo, who currently serves as the company’s vice president for Quality System, will assume […]
Petronas Announces First Gas In Oman’s Ghazeer Field
(Petronas, 12.Oct.2020) — Petronas through its subsidiary, PC Oman Ventures Ltd (PCOVL) together with its partners, BP Exploration (Epsilon) Limited and Makarim Gas Development LLC, a subsidiary of OQ, today announced the start of production from its Ghazeer gas field (Phase 2), located in Block 61, Sultanate of Oman, three […]
Tipco To Temporarily Shut Kemaman Refinery
(Energy Analytics Institute, 11.Sep.2020) — At the request of the US State Department, Tipco Asphalt plans to temporarily shut down its refinery located in Kemaman, Malaysia. The refinery relies on Venezuelan heavy crude oil for 90% of its feedstock. To avoid US sanctions, the refinery “will have to shut down […]
Reliance Buys Canadian Oil To Offset Venezuelan Oil
(Reuters, 1.Oct.2020) — Reliance Industries has agreed to purchase 2 million barrels of Canadian heavy crude per month, three industry sources said, as a substitute for dwindling Venezuelan supply. The deal, large for Canada, shows how global buyers are scrambling for new sources of heavy oil. Venezuela’s production has collapsed […]
JinkoSolar Announces 2Q:20 Financial Results
(JinkoSolar, 23.Sept.2020) — JinkoSolar Holding Co., Ltd., one of the largest and most innovative solar module manufacturers in the world, today announced its unaudited financial results for the second quarter ended 30 June 2020. Strategic Business Updates — Module shipments in the second quarter increased significantly compared with the first […]
China On Pompeo’s Remarks On China
(Chinese Embassy in Guyana, 18.Sep.2020) — The US Secretary of State Michael R. Pompeo made again some erroneous remarks on China during his visit to Guyana, to which we strongly oppose. To ensure a correct understanding of facts, I would like to reiterate the following: First, Taiwan is an inalienable […]
JinkoSolar And ENEOS To Build PV Plant in Japan
(JinkoSolar, 17.Sep.2020) — JinkoSolar Holding Co., Ltd. announced its intention to co-operate with ENEOS Corporation, Japan’s largest oil refiner, on the provision of solar modules for a Virtual Power Plant (VPP) project. For this project, JinkoSolar’s high-efficiency monocrystalline products will be deployed and installed on the roof of gas stations […]
Equinor Teams Up For Offshore Wind In Japan
(Equinor, 9.Sep.2020) — Equinor, Jera and J-Power partner up and enter a joint bid agreement prior to Japan’s upcoming Round 1 offshore wind auction. The three companies will jointly evaluate and work towards submitting a joint bid in the Round 1 auction once the Japanese government officially opens what will […]
Petronas Boosts Accessibility To Cleaner Energy
(Petronas, 8.Sep.2020) — As part of the company’s latest customer-centric solution to facilitate the growth of cleaner energy use across Peninsular Malaysia, Petronas recently launched the Virtual Pipeline System (VPS) solution via the Regasification Terminal (RGT) in Pengerang, Johor. The VPS solution that was developed by the Gas & Power […]
JinkoSolar To Report 2Q Results 23 Sep. 2020
(JinkoSolar, 31.Aug.2020) — JinkoSolar Holding Co., Ltd. plans to release its unaudited financial results for the second quarter ended 30 June 2020 before the open of U.S. markets on Wednesday, 23 September. JinkoSolar’s management will host an earnings conference call on Wednesday, 23 September at 8:00 a.m. U.S. Eastern Time […]
WoodMac On PetroChina Emissions Ambition
(WoodMac, 31.Aug.2020) — Last week PetroChina became the first national oil company (NOC) in the world to announce a ‘near-zero’ emissions ambition. Principal analyst Max Petrov commented on the event: “PetroChina’s announcement is illuminating even if details are lacking. It reveals one of the more ambitious paths the company could […]
McDermott Inks FEED Deal For Vietnam Gas Pipeline
(McDermott, 26.Aug.2020) — McDermott International Ltd. today announced it has been awarded a contract by Delta Offshore Energy to provide front-end engineering design (FEED) services for a subsea gas pipeline. The pipeline will connect a regassification platform, located approximately 22 miles (35 kilometers) offshore, to the planned 3,200 MW power […]
CNOOC: Good Achievements With Cost Reduction
(CNOOC, 19.Aug.2020) — CNOOC Limited announced its 2020 interim results for the six months ended June 30, 2020. Facing the unprecedented challenges in the first half of 2020, CNOOC Limited held fast to the bottom line of safe and healthy development, made timely adjustment to its business strategies, and took […]
JinkoSolar To Supply Swan Bifacial Modules
(JinkoSolar, 18.Aug.2020) — JinkoSolar Holding Co., Ltd. signed a contract with Shanghai Electric to supply approximately 1 GW of solar modules for Phase V of the Dubai Electricity and Water Authority (DEWA) Solar Park. The DEWA project is located in Dubai, and is part of the government’s sustainable development to […]
JinkoSolar Reveals N-Type Tiger Pro 610W At SNEC 2020
(JinkoSolar, 7.Aug.2020) — JinkoSolar Holding Co., Ltd. launched its new generation of 610W Tiger Pro High-efficiency monocrystalline TR solar module and its BIPV solutions, Building Integrated Photovoltaics product series, which will be unveiled at SNEC 2020 in Shanghai. As a PV company that has ranked first in global modules shipments […]
ADNOC Reveals New Chinese Partner
(Asharq Al-Awsat, 28.Jul.2020) — The Abu Dhabi National Oil Company, ADNOC, announced on Monday its agreement to the transfer of rights in its Lower Zakum and Umm Shaif and Nasr offshore concessions from the China National Petroleum Corporation, CNPC, to China National Offshore Oil Corporation’s subsidiary CNOOC Limited. The transfer […]
Chevron Expects To Restart Train 2 Of Gorgon LNG Plant
(Reuters, 28.Jul.2020) — Chevron Corp expects to restart Train 2 of its Gorgon liquefied natural gas (LNG) plant in Australia in early September after completing repairs, a company spokesman said on Tuesday. Gorgon is carrying out the repair work after a routine inspection of the train’s propane heat exchangers during […]
Petronas New Energy Teams Up with Nefin Group
(Petronas, 20.Jul.2020) — Following the launch of its first solar rooftop solution, M+ by Petronas last year, Petronas New Energy is now set to grow in the domestic renewable energy space with its first commercial customer, Tesco Stores (Malaysia) Sdn Bhd (Tesco). In delivering its commitment to Tesco, Petronas New […]
Liza Unity Hull Arrives In Singapore
(Energy Analytics Institute, 15.Jul.2020) — The Liza Unity FPSO hull has arrived from China to the Keppel shipyard in Singapore where it will be fitted with 13 topside modules to complete construction. Irving-Texas-based oil giant Exxon expects startup of the Liza Phase 2 project offshore Guyana to occur sometime in […]
JinkoSolar To Supply 126 MW Modules For Chilean Project
(JinkoSolar, 6.Jul.2020) — JinkoSolar Holding Co., Ltd. announced it will supply 126 MW of solar modules for the expansion of an existing 160 MW solar PV park in Chile. The local contractor recently announced the 126 MW expansion of an existing 160 MW PV park located in the Antofagasta Region. […]
Essar Bid For Petrobras’ Bahia Refinery
(Reuters, 30.Jun.2020) — Indian conglomerate Essar Group made a binding offer to Brazil’s Petroleo Brasileiro SA to buy the country’s second largest oil refinery, two people with knowledge of the matter said on Tuesday. Petrobras, as Brazil’s state-controlled oil producer is known, has received at least two offers for the […]
AlgaEnergy Wins Top Award At China Fertilizer Expo
(AlgaEnergy, 29.Jun.2020) — AlgaEnergy S.A. received “The Product of Great Potential” award for its plant biostimulant products at the Special Fertilizer Expo in Nanning, China, on June 20, 2020. AgriAlgae® is an agricultural biostimulant comprised of a unique combination of AlgaEnergy’s proprietary microalgae, which are comprised of multiple microalgae strains […]