Middle East

IEEFA Research

IEEFA: Canadian assessment of LNG ‘rising tide’ would drown balance sheets in red ink

IEEFA: Canadian assessment of LNG ‘rising tide’ would drown balance sheets in red ink

Hope springs eternal for Chinese demand but reality suggests bleak forecast for new projects

October 19, 2020 (IEEFA)— The Conference Board of Canada, an Ottawa-based research organization, has doubled down on a bad hand, according to an analysis by the Institute for Energy Economics and Financial Analysis. The Conference Board’s report, A Rising Tide: The Economic Impact of B.C.’s Liquified Natural Gas Industry, claims an expansion of the British […]

IEEFA: 50 new green hydrogen projects show Europe, Australia, Asia are lead players but US$75 billion in costs and government inaction could create delays

The green hydrogen industry needs more government backing to reach demand goals

24 August 2020 (IEEFA): The renewable rich green hydrogen industry is accelerating with 50 new projects announced in the last year including five just last month, but a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) finds the pace is not fast enough to meet global energy demand, with massive capital […]

August 24, 2020 Read More →
IEEFA update: Aftermath of Saudi oilfield bombings sound warnings for future volatility

IEEFA update: Aftermath of Saudi oilfield bombings sound warnings for future volatility

State-owned oil interests hold back global progress on climate change

September 24, 2019 (IEEFA) – The recent bombings of Saudi Arabia’s oilfields boosted energy stocks globally only to return to previous levels a few days later. The fleeting jump in oil prices confirmed the over-abundance of supply as well as the need to reduce reliance on fossil fuels, according to a briefing note released today […]

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Shell faces accelerated business overhaul in wake of Dutch court ruling

Wall Street Journal ($): To comply with a Dutch court order to cut carbon emissions, Royal Dutch Shell PLC may have to overhaul its business and cut its oil output faster than it had planned, analysts and investors said. Potential ways to curb emissions include selling assets, rethinking exploration spending and halting growth of its […]

May 28, 2021 Read More →

Oman plans shift to build one of largest green hydrogen plants in world

The Guardian: Oman is planning to build one of the largest green hydrogen plants in the world in a move to make the oil-producing nation a leader in renewable energy technology. Construction is scheduled to start in 2028 in Al Wusta governorate on the Arabian Sea. It will be built in stages, with the aim […]

May 27, 2021 Read More →

Qatar LNG production struggling to keep market share amid transition

Bloomberg ($): The world’s top exporter of liquefied natural gas is ramping up production dramatically and undercutting competitors in a bid to squeeze them out the market. Qatar is dropping prices and pushing ahead with a $29 billion project to boost its exports of the fuel by more than 50%, stymieing the prospects of new […]

May 21, 2021 Read More →

Adani Green acquires SoftBank’s India renewables assets in $3.5B deal

Wall Street Journal ($): SoftBank Group Corp. is selling its Delhi-based renewable-energy unit to an Indian rival, a step that effectively pulls the plug on what was once the world’s most ambitious solar investor. Adani Green Energy Ltd. said Wednesday it was buying SB Energy India in a deal that values the unit at $3.5 […]

May 19, 2021 Read More →

Saudi utility launches work on South Africa’s largest-ever renewable project

Arab News: ACWA Power, the utility developer backed by Saudi Arabia’s Public Investment Fund (PIF), on Monday announced it had started construction on South Africa’s largest ever renewable energy project. The Redstone concentrated solar power (CSP) plant begun construction after it raised 11.6 billion rand ($828 million) from a range of South African and international […]

May 13, 2021 Read More →

Middle East oil producers move to maximize oil assets amid grim revenue future

OilPrice.com: Within the last month, Saudi Arabia’s state oil giant Aramco has announced the sale of a minority—but large—stake in its pipeline business, the possibility to sell another 1 percent of its stock, and intentions to put up for sale stakes in some oil fields. Neighbor, ally, and fellow OPEC member UAE in the meantime, […]

May 12, 2021 Read More →

Eni Middle East, west Africa operations could be spun off into joint ventures

Reuters ($): Italy’s Eni (ENI.MI) is considering spinning off oil and gas operations in West Africa and the Middle East into new joint ventures to help reduce debt and fund its shift to low-carbon energy, according to company and industry sources. The move is part of a major overhaul the company launched last year as […]

April 21, 2021 Read More →

Frost & Sullivan projects massive expansion in global battery storage market by 2030

Saur Energy: Frost & Sullivan’s (F&S) recent analysis on the global grid battery energy storage market finds that the continual expansion of intermittent renewables (RE) and declining technology costs are key factors fueling the market. As more nations across regions commit to generate over 50 percent of power from renewable energy by 2030 and modernise […]

April 16, 2021 Read More →

France’s Total to build 1GW of solar projects in Iraq

PV Tech: French energy major Total has signed an agreement with Iraq’s Ministry of Oil to develop a host of energy projects in the country, including 1GW of solar PV. The agreement, which builds on discussions between Total and the Iraqi government that began in October last year, has seen the two entities agree on […]

March 31, 2021 Read More →

Masdar, Ethiopian government to develop solar power in the East Africa country

Utilities Middle East: Masdar and the Government of Ethiopia, are exploring the development of solar power projects with a total capacity of 500 megawatts (MW), along with the related grid infrastructure across Ethiopia. Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, and Ahmed Shide, Ethiopia’s Minister of Finance, signed a Memorandum of Understanding (MoU) […]

March 17, 2021 Read More →