Equinor to close Hanoi office after halting Vietnam offshore wind plans
A company spokesperson revealed that Norway's state controlled energy giant Equinor had cancelled plans to invest into Vietnam's offshore sector. This is a blow for Vietnam's green power aspirations.
World Bank Targets Offshore Wind Markets
The World Bank Group announced a new program to advance the adoption of offshore wind energy in developing countries and emerging markets.The World Bank and International Finance Corporation…
Offshore Cape Three Points Begins Gas Delivery to Ghana
Vitol said that the Offshore Cape Three Points (OCTP) integrated oil and gas project offshore Ghana has commenced delivery of gas from the Sankofa field to Ghana National Petroleum…
World Bank to End Upstream Oil & Gas Financing
The World Bank said on Tuesday it will no longer finance upstream oil and gas projects after 2019, apart from certain gas projects in the poorest countries in exceptional circumstances.
World Bank to Continue Financing Alternative Energy
World Bank Group President Jim Yong Kim said on Thursday that the multilateral lender does not plan to change its stance on financing alternative energy projects and mitigating the effects of climate change.
Wärtsilä to Supply Extension to Flexicycle Power Station in Senegal
Wärtsilä will supply an extension to a 53 MW Flexicycle power plant currently under construction near Dakar, Senegal. The extension will comprise two Wärtsilä 46 engines running on heavy fuel oil…
Energy Industry Faces a Tough Reality -Statoil CEO
Global challenges and new opportunities in the energy market will create a turning point for the industry, says Statoil CEO Eldar Sætre at the Statoil Autumn Conference. In his speech…
A Tough Reality for Industry - Statoil
Global challenges and new opportunities in the energy market will create a turning point for the industry, says Statoil CEO Eldar Sætre at the Statoil Autumn Conference. In his speech…
OECD: Coal Export Subsidy Deal Elusive
OECD has sought deal to phase out subsidies for a year. Germany, Japan at forefront of opposition. The world's richest nations are unlikely to reach a deal to phase out subsidies for coal exports at talks in June…
Vietnam Raises Tariff Caps on Petrol and Diesel Imports
Vietnam has raised tariffs caps on imports of fuel, petrol and diesel products, the Ministry of Finance said on Thursday, a move which could translate into higher state income given…
WTO & World Bank to Support Trade Facilitation
The World Bank Group and the World Trade Organization (WTO) have agreed to enhance their co-operation in assisting developing and least-developed countries to better utilize trade facilitation…
China Embraces Carbon Pricing and UN Takes a Shine to Plan
At the UN's Climate Summit this week a diverse group of global leaders, from World Bank president Jim Yong Kim to California Governor Jerry Brown, spoke of the need for polluters to pay for each ton of carbon they emit.
DNV GL Supports Call to Put a Price on Carbon
DNV GL joins global push to put a price on carbon. Over 1,000 companies and 73 countries now support a price on carbon to start bringing down emissions. Speaking on the sidelines at the UN Climate Summit in New York…
