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Oil

India’s largest industrial carbon capture and utilization project

Indian Oil aims to capture carbon dioxide from hydrogen generation units at its Koyali refinery in the Indian state of Gujarat for enhanced oil recovery at the nearby Gandhar oilfield.

Total leaves American Petroleum Institute

Total has decided not to renew its membership in the American Petroleum Institute, following a detailed analysis of its climate positions. The French energy giant said the group’s positions are at odds with its climate targets.

The weekend read: Outcompeting fossil fuels in the energy transition

Energy markets are not exactly free markets, and the replacement of existing generation is not entirely tied to price. There are artificial regulatory constructs and financial structures built into energy markets which can favor certain parties (utilities) and fuels (legacy coal, gas, and nuclear).

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Impact of Covid-19 on the global energy sector

Over the past few months, the Covid-19 pandemic has caused an unprecedented global economic and social crisis. The pandemic has significantly affected all aspects of life, including the energy sector.

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Is it the end of the oil era?

Volatility in the oil markets has played out in the news recently, driven by the Covid-driven collapse in demand and a war for market share between Saudi Arabia and Russia. A G20 meeting is to be held to try and find a way to cut production. As states and the oil majors look to shore up the price though, it’s possible that the coronavirus crisis might be what topples the fundamental driver of the current economic order.

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The fossil fuel giant and agrivoltaics

French oil and gas company Total is planning to install nearly 500 MW of solar generation capacity on farmland by 2025. The power company will work with French seed and agricultural supply company inVivo group to install agrivoltaic systems.

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Portuguese fossil fuel giant creates renewables unit

Galp Energia aims to develop a sustainable power project portfolio based on solar and wind. It will devote up to 15% of its total investments to its renewable energy plans.

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Angola’s solar plans boosted by Italian oil giant Eni

The Italian oil and gas provider has signed a concession agreement with the government of the African oil country to build a 50 MW solar plant. The project is expected to be in the province of Namibe and will be part of the nation’s plan to deploy 600 MW of solar by 2022.

Norway’s $1tn wealth fund to invest in unlisted renewables

The world’s largest sovereign wealth fund will invest in non-listed infrastructure, with the government stressing such commitments will not be a climate policy measure but an investment strategy. The fund had already announced an intent to gradually divest holdings in oil and gas companies and related projects.

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Renewables & geopolitics: Saudi Arabia

In the third in a series of interviews on renewable energy and geopolitics, Indra Overland — head of the Center for Energy Research (NUPI) and a research panel member for the Global Commission on the Geopolitics of the Energy Transition at IRENA — discusses how Saudi Arabia is dealing with the energy transition. He also outlines the challenges the Middle Eastern country will face in the coming decades, as it shifts to a less oil-dependent economy. Although the country recently set new solar and renewable energy targets, Overland believes that the geopolitical balance in the Middle East could shift to countries such as Iran in the coming decades, even if the Saudi commitment to renewable energy proves genuine.

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