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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.
Ecopetrol secures extension of exclusivity agreement for ISA stake acquisition
Colombia's government has extended the period during which Ecopetrol has the exclusive right to negotiate for a majority stake in ISA from June 30 to August 31.
Four Southeast European countries commit to exiting coal energy
The step is most significant for Montenegro and North Macedonia, which generate around half of their electricity from coal.
AFRELEC: Chinese withdraw from ambitious Zimbabwe coal power plans
The Industrial and Commercial Bank of China (ICBC) has abandoned plans to finance the $3bn, 2,800-MW Sengwa coal power project in northern Zimbabwe.
ASIAELEC: Asia’s coal proposals could threaten Paris goals
Coal is set to be more expensive than renewables, making green energy a better bet financially and environmentally.
MDB climate finance reaches $66bn in 2020
Multilateral development banks (MDBs) provided $66bn of climate finance in 2020, up from $61.6bn in 2019.
REM: US government launches environmental review of 2-2.3 GW offshore wind project off New England
The US Bureau of Ocean Energy Management (BOEM) has launched an environmental review of the construction and operations plan for the massive Vineyard Wind South offshore wind project off the north-eastern US.
Romania’s energy blockchain revolution failed before it started
The ICOs of two tokens launched in Romania three years ago raised a total of $55mn, but today their values have plunged close to zero and their websites are down. bne IntelliNews investigates where their founders are now.
GOIL seeks partner for DW/CTP project
Ghana’s state-controlled oil marketing concern has started looking for a new partner in the Deepwater Cape Three Points (DW/CTP) project.
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