The Suriname-Guyana basin continues to be a focal point for hydrocarbon exploration and development, as evidenced by CGX Energy’s recent discovery at the Corentyne block, in line with Suriname’s Block 58. Indeed as frontier E&P remains at a comparatively low ebb, this represents one of few global hotspots, with an estimated 16bn barrels of recoverable resources discovered to date.
Masdar did not win a piece of the ScotWind action this week, but the company is keenly interested in further offshore wind opportunities in the UK.
To make real progress in bringing power to those without in sub-Saharan Africa, interested parties will have to provide much more cash.
Shell (LSE:RDSA) said today that it will acquire Powershop Australia, an online energy retailer serving more than 185,000 customers, as it positions itself for the energy transition in Australia.
Indonesia has approved the subsea route for what could be the world’s first intercontinental power grid, connecting Australia to Singapore, with 24/7 renewable power. The official nod means Sun Cable’s ambitious project, that proposes the world’s largest solar farm, the world’s biggest battery, and the world's longest undersea cable, has moved a step closer to reality.
The African Development Bank (AfDB) has signed up to provide $530 million to construct a transmission line in Angola.
Egypt and Israel are working on plans to expand the East Mediterranean Gas Forum (EMGF) into energy security, electricity infrastructure and emissions controls.
South African President Cyril Ramaphosa has taken the topic of domestic energy reform to Davos, although domestic criticism persists.