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McDermott-Sinopec consortium wins LoA for Tilenga EPCC services
US-based McDermott International has formed a consortium with a subsidiary of China’s Sinopec to provide support services at the Tilenga oilfield in Uganda.
REM: Biden’s wind support moves forward
The Biden administration will auction leases for offshore wind development off New York and New Jersey. The sale will be the administration’s first, and the ninth overall.
LatAmOil: Trinidad and Tobago eyes green hydrogen production
Trinidad and Tobago is looking into the possibility of diversifying into hydrogen production, Prime Minister Keith Rowley said last week.
AfrOil: McDermott, Sinopec on track to win $2bn Ugandan contract
US-based McDermott International has joined forces with Sinopec International Petroleum Service Corp. (SIPSC), a subsidiary of China’s Sinopec, to provide support services at the Tilenga oilfield in Uganda.
EurOil: Shell reacts to Dutch ruling
DMEA: Iraq refining and Gwadar cancellation
MEOG: Aramco deal and TAQA interest
AsianOil: Australian government backs oil, gas sector
Australian Prime Minister Scott Morrison has pledged that the oil and gas sector will “always” be a pillar of the economy, even as domestic investment in clean energy alternatives grows.
GLNG: IOCs reportedly bid to participate in Qatar’s LNG expansion
Six leading international oil companies (IOCs) have reportedly submitted bids to participate in Qatar’s giant LNG expansion project.
NorthAmOil: Shell reportedly weighing Permian sale
Royal Dutch Shell is reportedly weighing a sale of some or all of its assets in the US’ Permian Basin.
Russian internet major Yandex outlines ESG goals
Among Yandex's ESG priorities are reducing its carbon footprint, mainly from data centres and fuel use.
World Bank loans Turkey $265mn to improve earthquake resilience and energy efficiency of public buildings
Poland's PKN Orlen bulks up to play in the big league
As part of the company’s PLN140bn investment drive by 2030, Orlen plans getting into offshore and onshore wind, solar energy, as well as energy storage.
EBRD to lend €60mn to Bulgarian Eurohold subsidiary for acquisition of CEZ’s local assets
AFRELEC: Access to power rates fall in sub-Saharan Africa in past decade
The number of people without electricity in sub-Saharan Africa has increased over the last 10 years, with Nigeria, the Democratic Republic of Congo (DRC) and Ethiopia posting the highest number of people without power access.
Central bank says 50% of Romanian bank loans bear climate change risk
Central bank official warns over banks' climate risk, saying 25.4% of non-government credits finance polluting businesses.
More than half of North Macedonia’s banks start providing green loans
Most commercial banks in North Macedonia aim to increase the share of green loans in their portfolios, central bank survey finds.
REM: Square to invest in Blockstream's solar-powered bitcoin mining facility
Financial services firm Square, Inc. and the bitcoin miner Blockstream are investing $5mn in an open-source, solar-powered bitcoin mining facility at one of Blockstream’s sites in the United States.
ASIAELEC: Indonesia confirms plans for 41 GW of new capacity by 2030
Indonesia is aiming to build 41 GW of new generating capacity by 2030, of which 52% will be fossil fuel-based and 48% renewables.
Savannah in advanced discussions on acquisition of ExxonMobil assets in Chad, Cameroon
UK-based Savannah Energy is looking to acquire a package of upstream and midstream assets in Chad and Cameroon from ExxonMobil (US).
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