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Global Energy Roundup: Fiji Rejects Waste-to-Energy, Jamaica Eyes Oil, Shell Sells Wind - Bakken Wire
Global Markets

Global Energy Roundup: Fiji Rejects Waste-to-Energy, Jamaica Eyes Oil, Shell Sells Wind

International developments highlight energy security drives and shifting corporate strategies, offering context for Bakken operators.

Bakken Wire Staff·🔆Midday Wire·

Fiji has formally rejected a controversial Australian-backed proposal to import and incinerate waste for energy, according to a report from OilPrice.com. The Fijian government blocked a plan from Australian billionaire Ian Malouf and business partner Rob Cromb to ship up to 900,000 tonnes of non-recyclable rubbish annually to be burned, a project they claimed could meet 40% of Fiji's electricity needs and reduce diesel reliance. The government cited concerns over the project's scale, hazardous ash management, public health risks, and potential harm to tourism and the environment. Fijian officials and residents labeled the idea "waste imperialism," with UN Ambassador Filipo Tarakinikini stating the country "must not become the Pacific’s ashtray."

Meanwhile, Jamaica is cautiously moving forward with offshore oil exploration ambitions, as reported by OilPrice.com. The UK-based firm United Oil & Gas has identified hydrocarbons in seabed samples from its licensed block in the Walton-Morant basin. Jamaica's Energy Minister Daryl Vaz called the findings "very positive," highlighting the country's annual $1.5 to $2 billion spend on energy imports. The move follows major discoveries in neighboring Guyana and Suriname. However, the plan faces strong opposition from environmentalists, given Jamaica's high vulnerability to climate change impacts like hurricanes, which caused an estimated $6.5 billion in losses in 2024.

In corporate strategy news, Shell is preparing to launch a sale of its offshore wind farms in a move valued at around $1 billion, Rigzone reported. This sale is characterized as the oil major's latest step away from renewable energy to refocus on its higher-returning fossil fuel business.

These global developments underscore the complex balance between energy security, economic development, and environmental pressures. For Bakken operators, Jamaica's exploration push mirrors the perennial drive for resource independence and economic upside, even amid climate concerns. Shell's strategic pivot back toward core hydrocarbon assets reflects ongoing corporate evaluations of portfolio returns, a relevant consideration for capital allocation within the North Dakota oil patch. The rejection of the Fiji project illustrates the significant non-technical challenges, including public perception and environmental regulation, that can derail even heavily promoted energy infrastructure projects.

Source

According to reports from OilPrice.com and Rigzone.

global energyenergy securityoffshore explorationcorporate strategyenvironmental regulation

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