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ASIAELEC: Pakistan opens $1.7bn Chinese-built power line
Pakistan has opened the $1.7bn, 660-kV Matiari–Lahore power line as part of government efforts to use Chinese money and technology to shore up the country’s power grid.
AsianOil: Pakistan’s gas supply woes deepen
Pakistan could face a natural gas shortage in September and October, after having reportedly cancelled a liquefied natural gas (LNG) tender owing to high spot market prices.
Villagers in shadow of Kyrgyzstan dam incensed by Uzbekistan deal
The land transfer has fuelled anger and rumours about Kyrgyzstan’s new populist leadership.
Turkey ‘reverses ban on PE based recycled plastic imports’
Attempts by Turkish plastics recyclers to show economic damage caused by barring waste imports from UK and other nations appear to have won out over environmental considerations.
Kazakhstan unveils ambitious green-hydrogen project
Kazakhstan hopes to build the world’s largest green-hydrogen project, which could – in the distant future – help Nur-Sultan meet its clean-energy promises.
EQT rolls out four-year net-zero plan
Pittsburgh-based EQT, an independent natural gas producer and pipeline operator, says it intends to bring its net carbon emissions down to zero in just four years.
ExxonMobil drills dry hole at Jabillo-1
ExxonMobil has experienced a disappointment at the Canje block offshore Guyana, as it did not find commercial quantities of hydrocarbons in the Jabillo-1 well.
REM: Norway to invest $1.1bn in green energy in world’s poorest countries
The Norwegian government has earmarked NOK10bn ($1.15bn) over the next five years for a new fund that will invest in renewable energy in developing and emerging economies to try to reduce greenhouse gas emissions in the world’s poorest countries.
AFRELEC: Statkraft provides $2.7bn to curb energy poverty in Africa
Norway’s Statkraft is to donate $2.7mn in cash and equipment to international development charity SolarAid over the next three years in a bid to tackle energy poverty in sub-Saharan Africa.
ASIAELEC: Siemens Gamesa’s typhoon-proof offshore turbine surges ahead
Siemens Gamesa’s latest offshore turbine design has been certified typhoon-proof by international regulators, its second model to receive such a rating from TÜV NORD.
At long last, Nigeria passes PIB
Africa’s largest oil producer is on track to adopt a new petroleum law that has been in the works for more than a decade, but it will take time to assess the impact of this development.
ENERGO: DTEK and regulator blame one other as power prices on the day-ahead market plummet
Huge secret bonuses paid to top Naftogaz executives exposed
When Naftogaz CEO Andriy Kobolev was fired in April he pocketed $12.7mn in bonuses as part of his contract, the Kyiv Post reported in an investigation into pay and bonuses at the state-owned gas company on June 6.
NorthAmOil: EQT aims for net zero by 2025
Pittsburgh-based EQT, an independent natural gas producer and pipeline operator, intends to bring its net carbon emissions down to zero in just four years.
DMEA: Pipeline promise in Africa
MEOG: Omani sale and Iraqi exits
LatAmOil: ExxonMobil drills dry hole at Jabillo-1
ExxonMobil (US) has experienced a disappointment at Canje, a deepwater block offshore Guyana, as it did not find commercial quantities of hydrocarbons in the Jabillo-1 well.
AfrOil: Nigeria passes PIB at long last
Both houses of Nigeria’s National Assembly voted on July 1 to pass the Petroleum Industry Bill (PIB), which will serve as the country’s new oil and gas law.
Euroil: Martin Linge finally online
AsianOil: Sacgasco expands into Philippine upstream
Australian junior Sacgasco has expanded its upstream portfolio after acquiring interests in four licences offshore the Philippines from Thai energy conglomerate Bangchak.
GLNG: Crown LNG picks Aker for Indian project
Norway’s Crown LNG has picked compatriot Aker Solutions to serve as main contractor in the development of a liquefied natural gas (LNG) terminal offshore India’s south-eastern state of Andhra Pradesh.
ING: OPEC+ fails to come to a deal
The standoff between the UAE and the rest of OPEC+ continues, with Monday’s meeting cancelled. In theory this means that OPEC+ output will remain unchanged in August, which would be bullish for prices in the short term.
FSUOGM: Gazprom sends record volumes to Europe
Russia’s Gazprom exported record volumes of gas to Europe during the first half of the year, despite recent claims in the press that the company has been withholding supply to jack up prices.
COMMENT: Striking a balance in the global energy transition
As oil prices rise to their highest level in almost three years, OPEC and its partners are discussing a deal to increase production. Abandoning fossil fuels is a hot topic, but like it or not, oil remains the world’s most important commodity.
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