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Total launches Zinia Phase 2 project at Block 17 offshore Angola
France’s Total has launched the second stage of development work at Zinia, a section of Block 17 offshore Angola.
API blasts AMLO for amending oil and power laws
Mexican President Andres Manuel Lopez Obrador has come under fire from the API for his efforts to ensure that state-owned companies continue to dominate the domestic energy sector.
EBRD, EIB and PROPARCO provide €87.4mn for construction of Total Eren’s solar power plant in Uzbekistan
Central Europe joins the EV revolution
Could electric cars and batteries generate the new high-tech sector the region so badly needs?
Turkey's "crazy" canal would impact Eurasian trade, geopolitics
The project threatens the delicate regional military balance.
Guyana to adopt new model for awarding oil contracts
Irfaan Ali, the president of Guyana, has announced plans to introduce a new model for assigning oil blocks to investors.
Uganda to tender oilfield service contracts in December
Ugandan authorities are gearing up to seek contractors for infrastructure projects that will support the country’s nascent oil industry later this year.
Total eyes stake in LNG transshipment complexes
Novatek, Russia’s largest privately owned producer of natural gas, is looking to sell a minority stake in its LNG transshipment unit to France’s Total.
GLNG: AGL formally scraps Crib Point LNG import project
Australia’s AGL Energy said this week that it was stopping development of its proposed Crib Point LNG import project, arounnd a month after the State of Victoria rejected the plan on concerns over its environmental impact.
LatAmOil: Guyana to adopt new model for awarding oil contracts
Guyana is moving away from direct negotiations with international oil companies (IOCs) and will instead conduct licensing rounds.
AfrOil: Uganda to tender oilfield service contracts in December
Ugandan authorities are gearing up to seek contractors for infrastructure projects that will support the country’s nascent oil industry in December.
FSU OGM: Total eyes stake in LNG transshipment complexes
Novatek, Russia’s largest privately owned producer of natural gas, is looking to sell a minority stake in its LNG transshipment unit to France’s Total.
MEOG: Basra in the crosshairs
DMEA: Northern Gulf refinery progress
AsianOil: PetroChina posts best quarterly profit in seven years
State-run PetroChina has posted a first-quarter net profit of CNY27.72mn ($4.28bn), a return to the black after the previous year’s CNY16.23bn ($2.51bn) loss.
EurOil: Spirit, Neptune to partner on Pegasus West
Spirit Energy and Neptune Energy have agreed to partner on the development of the Pegasus West discovery in the UK’s Southern North Sea.
NorthAmOil: Williston Basin assets changing hands
Oasis Petroleum announced this week that it has agreed to acquire Diamondback Energy’s Williston Basin assets for $745mn. The news came days after Norway’s Equinor said it had completed its own sale of Williston Basin assets for $900mn.
Hungary and Russia agree five-year delay in start of repayments of €10bn Paks loan facility
The decision to modify the financial terms of the contract signals that Moscow is not expecting the new nuclear reactor block to go operational before 2031.
COMMENT: Political interference in Naftogaz supervisory board operations is a major setback in corporate governance reform
Ukraine’s business community and its supporters abroad condemned the Cabinet’s decision to sack the widely respected CEO of Naftogaz Andriy Kobolev on April 28, calling it an abuse of corporate governance that will undermine foreign investment.
EIB approves €340mn of renewables and water funding for Africa
The European Investment Bank has approved €340mn of funding for water and renewable energy in Africa.
Plans to boost domestic gas production may add 3% to Ukraine's annual GDP growth
Ukraine has a gas deficit. It has to import some 15bn cubic metres of gas every year, which it used to get from Russia, but now buys from its partners in Western Europe. But now Naftogaz is pushing to boost domestic production.
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