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Kosovo bans cryptocurrency mining to tackle power shortages
Cryptocurrency mining was popular in northern Kosovo where residents had received free electricity for years, but the ongoing energy crisis has forced Pristina to seek ways to rein in power use.
AfrElec: MIGA issues 20-year guarantees for Mozambique’s CTT
Multilateral Investment Guarantee Agency (MIGA) has issued guarantees of 20 years for the 450-MW Central Térmica de Temane (CTT) power generating plant in Mozambique.
Kosovo faces worst energy crisis in a decade
Daily power cuts planned for the next 60 days to save electricity.
AsiaElec: ADB to lend $600mn to Indonesia to fund grid resilience
The Asian Development Bank (ADB) is to lend $600mn to Indonesian state-owned utility PLN to improve grid reliability and resilience in western and central Java, and to renewable energy.
REM: Western Spirit transmission line sold to PNM Resources for $285mn
Public Service Company of New Mexico has closed its $285mn purchase of the Western Spirit transmission line in New Mexico. The line will accommodate up to 800 MW of new wind energy in the eastern part of the state.
Libyan contradictions and contraindications
The Libyan oil sector appears to be drawing interest from several major IOCs, but the impending presidential election could spark enough turmoil to prevent a new wave of investment.
Eagle LNG, WEB Aruba sign agreement on LNG terminal construction
US-based Eagle LNG Partners has struck an agreement with WEB Aruba, the national water and power provider of Aruba, on the construction of an LNG regasification terminal at the site of an existing oil refinery in San Nicolas.
NorthAmOil: Suncor, Cenovus to ramp up spending in 2022
Canadian oil sands giants Suncor Energy and Cenovus Energy have both said that they intend to raise their capital expenditure and production in 2022.
MEOG: Iraq turns to Majnoon
LatAmOil: Eagle LNG, WEB Aruba sign agreement on LNG terminal
US-based Eagle LNG Partners has struck an agreement with WEB Aruba, the national water and power provider of Aruba, on the construction of an LNG regasification terminal at the site of an existing oil refinery in San Nicolas.
GLNG: Excelerate begins deliveries to Bahia LNG
Excelerate Energy announced on December 8 that it had begun receiving gas deliveries at Brazil’s Bahia LNG import terminal in Salvador, Bahia State.
EurOil: Shell shareholders back move to London
DMEA: ADNOC ammonia and NNPC spending
AsianOil: Senex agrees to Posco takeover
Australia’s Senex Energy has agreed to be acquired by Posco International, the trading arm of South Korean steelmaker Posco, for AUD852.1mn ($606.8mn).
FSUOGM: European gas prices continue climb
Pandora Papers reveal details of the Makhlai family hidden ownership schemes amid legal dispute between Toglittiazot shareholders
The Pandora Papers reveal details of schemes used by Russian businessmen, Vladimir and Sergei Makhlai, to allegedly defraud their shareholders using New Zealand-based shell companies to sell chemicals produced by Toglittiazot.
AfrOil: Ugandan MPs approve EACOP Special Provisions Bill 2021
Uganda moved one step closer towards launching commercial hydrocarbon production last week, when members of Parliament approved a bill designed to facilitate the construction of the East African Crude Oil Pipeline (EACOP).
Ugandan MPs approve EACOP Special Provisions Bill 2021
Uganda moved one step closer towards launching commercial hydrocarbon production last week, when members of Parliament voted to approve a bill designed to facilitate the construction of the East African Crude Oil Pipeline (EACOP).
European gas storage falling fast, on course to end the heating season with only 10% left in storage
Gas storage in Europe continues to fall at worrying rates, suggesting storage levels will drop to their lowest level in ten years of around 10% by the end of the heating in the last week of March.
Uzbek energy reforms focus on energy saving, high efficiency in the first phase
Uzbekistan under its new president, Shavkat Mirziyoyev, is a country gearing up for a bright future – in that the president wants to make sure there is enough power to keep all the lights on as both the economy and the population are growing fast.
Tensions as US imposes more sanctions on Iran ahead of next Vienna nuclear talks
Problem with US wish to resurrect JCPOA is even if sanctions against Tehran were lifted, it is unlikely many foreign investors would return to Iran as they will fear that the next American president will reimpose the measures.
REM: Fitch: Wind power pipeline up by almost 33% in six months
The world's wind project pipeline increased significantly between the second and fourth quarters of 2021 as efforts to mitigate climate change continued to drive the adoption of renewables. This is according to a new report by Fitch Solutions.
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