We expect Brent prices will remain near current levels for the rest of 2021, averaging $82/b in the fourth quarter of 2021. In 2022, we expect that growth in production from OPEC+, U.S. tight oil, and other non-OPEC countries will outpace slowing growth in global oil consumption and contribute to Brent prices declining from current levels to an annual average of $72/b.

UK started last year reducing its support to overseas investments in fossil fuels and totally halted assistance this year amid the clean energy transition that country has embarked on.

In April, TotalEnergies declared force majeure on the Mozambique LNG project and removed all of its staff from the site, after Islamist militants attacked the nearby town of Palma in late March, killing dozens.

The UAE and the International Renewable Energy Agency (IRENA) announced the launch of the global platform on the sidelines of COP26, in Glasgow, the United Kingdom.

The Abu Dhabi Department of Energy confirmed key sector initiatives over the next decade to help accelerate the UAE’s sustainable economic growth while supporting its ambitious Net Zero By 2050 Strategic Initiative, during COP26 in Glasgow.

The number of geothermal power plants in Japan has quadrupled since the 2011 nuclear disaster in Fukushima Prefecture, according to industry data.

A $1.2 billion pilot stage aiming to produce 35,000 tons of green hydrogen is planned for 2022-2024, before a $7.2 billion first productive stage aiming for an output of some 215,000 tons of green hydrogen - enough to power 1.6 million homes.

The integrated wind energy program will be fully commissioned by 2024 and consist of electricity production parks installed through the kingdom

Coal (including lignite) still dominates the energy mix with 60% in 2020, but its share is decreasing rapidly (-11% points since 2010).

U.S. aims to deploy 30 GW of offshore wind by 2030 and to permit at least 25 GW of onshore renewable energy by 2025.

These projects are situated in north China's Inner Mongolia and northwest China's Gansu, Qinghai and Ningxia, with an installed capacity of nearly 30 million kilowatts.

As per the recently released, World Energy Outlook 2021, IEA forecasts that’s India's power demand is slated to nearly treble to 5000 TWh by 2050, let primarily by renewable sources of energy.

Australia is seeing a rapid rise in the addition of solar power and has over 80 hydrogen projects planned, with renewable energy-based schemes outnumbering blue hydrogen schemes.

The Solar Energy Corporation of India (SECI) has initiated a tender for 1,200 MW of wind projects under the tranche XII of the interstate transmission-connected (ISTS) programme.

The Cabinet of Japan has approved the 2030 renewables target (including hydropower) of 36-38% of the country's power mix by 2030 that was unveiled in July 2021.