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Pemex to receive government stimulus
Mexico’s government has announced plans to offer additional fiscal support to Pemex, the national oil company (NOC), in the form of a stimulus package worth around $3.5bn.
Scatec, Nizam Energy close financing for Pakistan’s 150-MW Sukkur solar project
Norwegian renewable developer Scatec and local partner Nizam Energy have secured a $100mn financial closure for the 150-MW Sukkur solar project in Pakistan’s Sindh Province.
Barriers to Vaca Muerta gas development
Three industry experts speak to NewsBase about Argentina’s prospects for stepping up work at its vast unconventional gas fields in the Vaca Muerta basin.
Angolan MPs give green light to exploration work in onshore basins
Members of Angola’s National Assembly have voted to lift a ban on oil and gas exploration in two environmentally sensitive onshore basins.
Angolan president authorised to offer special incentives for Cabinda refinery project
Angolan legislators have voiced strong support for the government’s plans to reduce the country’s dependence on imported petroleum products.
LatAmOil: Mexican government offers support to Pemex
The Mexican government has offered fiscal support to Pemex.
AfrOil: Angolan MPs vote on downstream, exploration projects
Angolan MPs have voted on downstream and exploration projects.
MEOG: Price rally sees improved sentiment
DMEA: Downstream dealing picks up
Euroil: TechnipFMC does the splits
FSU OGM: Lukoil eyes Caspian opportunities
NorthAmOil: Profits, growth opportunities for TC Energy
Canada’s TC Energy has reported a net profit attributable to common shares of CAD1.124bn ($890mn) for the fourth quarter of 2020, and has flagged up what it sees as opportunities to grow its natural gas and power and storage businesses.
AsianOil: CNOOC Ltd makes Bohai Bay discovery
State-run Chinese offshore developer CNOOC Ltd announced on February 22 that it had made a significant shallow-water oil and gas discovery in the Bohai Bay.
GLNG: Pair of Qatari deals
Two separate LNG-related deals have been announced this week, involving Qatargas and its parent company, Qatar Petroleum (QP).
World Bank to provide $36.5mn for second phase of rehabilitation of Tajikstan’s Nurek hydropower plant
Iran anticipates Khesht kick-off in the next year
NNPC agrees loan to allow refinery rehab work to begin
Siemens Gamesa delivers turbines to Djibouti’s 59-MW Goubet wind farm
Siemens Gamesa has this week delivered all the components for 17 of its SG3.4-132 turbines that it will install at its 59-MW Goubet wind farm in Djibouti, despite the challenging conditions caused by COVID-19.
Daystar to seek $100m over three years for West African solar projects
West Africa hybrid solar power solutions provider Daystar Power plans to raise about $100m within the next three years to satisfy existing client demand.
Africa accounts for just 6% of global energy demand
Africa accounts for only 6% of global energy demand and a little more than 3% of electricity demand.
US, Shell to provide $145mn to support Africa’s private power sector
The US Development Finance Corporation (DFC) and the Shell Foundation have signed a partnership to strengthen their investments in renewable energy in Africa and Asia.
Oil industry still waiting to learn outcome of Ecuador’s presidential election
Ecuador is heading for a second round of presidential elections, as none of the contenders secured a majority in the vote held last week. The outcome of the next round is likely to affect the country’s oil policy.
Floating offshore wind could arrive in California this decade
Offshore wind projects with floating foundations may be arriving this decade in California, the cradle of the global modern wind industry back in the 1970s.
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