Author: intent

Chinese Investments In U.S. Shale Gas Have Been Bad For The Sector

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | April 3, 2024 | Comment off

The United States is currently experiencing a post-pandemic boom in foreign direct investment (FDI), thanks in large part to new industrial policies that incentivize U.S. manufacturing investment such as the Inflation Reduction Act (IRA) and the CHIPS Act as well as overall resilience of the U.S. economy. FDI in the United States increased $216.8 billion to $5.25 trillion at the end of 2022 from $5.04 trillion at the end of 2021, with Europe accounting for the lion’s share of investment inflows.

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Renewable energy fund to roll out pre-approval notifications

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | April 3, 2024 | Comment off

The Minister of Energy, Giorgos Papanastasiou, recently stated on RIK radio that within the week, the Renewable Energy Sources (RES) & Energy Efficiency (EE) Fund will begin sending SMS or emails to inform applicants about the pre-approval of their application for the installation of a roof photovoltaic system without initial capital, through the “Photovoltaic for Everyone” scheme.

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Commissioner Simson in Australia to enhance energy cooperation

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | April 3, 2024 | Comment off

Commissioner for Energy Kadri Simson is in Australia until 8 April to engage with government representatives and stakeholders to enhance bilateral cooperation in the field of energy. The EU and Australia have a longstanding cooperation, both bilaterally and in multilateral fora, including on climate change and the energy transition. Most recently, Australia joined the Global Pledge to triple renewable energy capacity spearheaded by the EU at COP28.

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Tullow Reinforces Commitment To Ghana’s Economic Growth

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | April 2, 2024 | Comment off

Tullow has affirmed its commitment to Ghana’s socio-economic growth through its operations in the country. The UK-based multinational oil and gas company currently operates the two main oil fields in Ghana – Jubilee and TEN. Together with its partners, Kosmos Energy, Ghana National Petroleum Company (GNPC), Petro SA and Jubilee Oil Holdings Limited (JOHL), they have invested close to $19 billion into the country since 2010 and delivered $6 billion in revenues to the government in that same period.

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