Daily Newsletter

04 September 2023

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Daily Newsletter

04 September 2023

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Spotlight

UN says that children have a right to a clean and sustainable environment

The report makes explicit reference to the fossil fuel industry and its impact on children’s rights.

Latest news

Dominion Energy sells stake in Cove Point LNG project in Maryland, US

Berkshire Hathaway Energy unit BHE GT&S now owns a 75% stake in the project and a Brookfield subsidiary owns the remaining 25%.

04 September 2023

Shell to sell home energy business in UK and Germany to Octopus Energy

The sale forms part of a strategic review, which was completed in June this year.

04 September 2023

Australian workers reject Chevron deal, strike to go ahead

The Offshore Alliance union described the deal as “completely out of touch”.

04 September 2023

Sinopec forms new unit for petrochemical and refining assets overseas

The Chinese refiner is making a push abroad as local government has restricted the development of new refineries domestically due to slowing demand growth and overcapacity.

04 September 2023

Brazil’s Petrobras plans to set up subsidiary in China

Petrobras plans to launch the Chinese subsidiary next year.

04 September 2023

Santos to divest $736m stake in PNG LNG project to Kumul

Kumul also secured a call option to acquire a further stake of 2.4% in the PNG LNG project.

04 September 2023

AltaGas agrees to acquire Tidewater’s natural gas assets in Canada

AltaGas will pay $325m in cash and issue around 12.5 million AltaGas common shares to Tidewater.

04 September 2023

AI - a critical tool to achieve net-zero emissions target

Implementing AI in the energy sector will benefit resource management, failure prevention, and predictive analytics for renewables. The power industry is investing heavily in AI and ML to deliver the necessary solutions, such as sensor-connected power plants and smart grids to balance electricity supply and demand. Recent advancements in generative AI hold promise for elevating the existing AI framework within the energy sector.