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Qatar’s Global Carbon Council partners with Mali, Mauritania, and Niger on Article 6 carbon markets
Qatar’s Global Carbon Council signed MoUs with Mali, Mauritania, and Niger to develop digital carbon market systems under the Paris Agreement’s Article 6.
Russian-Vietnamese JV brings new White Tiger oil platform on stream two months ahead of schedule
Vietnamese-Russian joint venture Vietsovpetro has commenced commercial oil production from its BK-24 wellhead platform at the Bach Ho (White Tiger) oilfield more than two months ahead of schedule, the partnership reported last week.
Eni to launch joint venture with Petronas in Asia next year
Italy’s Eni expects to launch its gas joint venture with Malaysia’s Petronas next year, the Italian energy group’s COO for natural resources.
Egypt plans to drill 480 oil and gas wells with $5.7bn investment over five years
Egypt plans to drill around 480 exploratory oil and gas wells over the next five years, with total investments exceeding $5.7bn.
Pakistani-Turkish group to explore block offshore Pakistan
Subject to regulatory approvals, TPOC will assume operatorship of the block.
ExxonMobil marks Iraq about-turn with Majnoon deal
US supermajor ExxonMobil has changed tack on Iraq, signing up for a project to build out the Majnoon oilfield in Basra
Falcon, Tamboran complete largest drilling programme in Australia's Beetaloo basin
Falcon Oil & Gas said on October 15 that its Australian subsidiary and joint venture partner Tamboran have completed a three-well batch drilling campaign in Australia’s Beetaloo Sub-basin.
Kernel to build Western Ukraine’s largest solar power plant as UN backs new green energy programme
Ukrainian agribusiness giant Kernel plans to build the largest solar power plant in Western Ukraine, investing UAH5bn ($120mn) through its subsidiary Chernivtsi Solar.
ExxonMobil Guyana's production hits 770,000 barrels per day after latest project comes online
ExxonMobil's Guyana operations have reached a new production milestone of 770,000 barrels per day following the August startup of its Yellowtail project, the consortium's fourth floating production facility in the prolific Stabroek Block.
Iraq deploys drones to protect oil pipelines and fields
Repsol secures environmental approval for Chilean hybrid renewable energy project
Repsol Ibereólica Renovables has secured environmental approval for its 226 MW Tarapacá NCRE hybrid project in Chile, marking another significant addition to the country's renewable energy expansion in the northern mining regions.
Ghana watchdog PIAC warns of breaches in petroleum savings cap amid falling oil revenues
Ghana’s petroleum oversight body PIAC has raised concern over the government’s continued breach of legal limits on the nation’s oil savings fund, warning that the practice could undermine its ability to cushion the economy against shocks.
Iran faces critical water crisis after driest year in five decades
Iran faces critical water crisis after driest year in five decades with 40% nationwide rainfall drop.
South African coal miner Seriti’s renewables unit starts construction on third 155MW phase of Mpumalanga wind project
Seriti Green has reached financial close and begun construction on the third 155MW phase of its Ummbila Emoyeni Wind Farm in South Africa’s coal-dominated Mpumalanga province.
Norfund invests $15mn in Ghanaian steelmaker B5 Plus to drive green industrial growth
Norwegian development financier Norfund has invested $15mn in B5 Plus Limited, one of Ghana’s largest steel manufacturers, to modernise its operations, boost renewable energy use, and promote sustainable industrial growth in West Africa.
Nigeria finalises $2.6bn bond plan to clear power-sector arrears
Nigeria finalised the government-backed bond to clear verified arrears owed to power generation companies and gas suppliers. It forms part of the Power Sector Recovery Plan and aims to restore liquidity and investor confidence in the sector.
Peru seeks investment from Chevron and Saudi Arabia for energy and mining sectors
Peru is actively courting major investments from Saudi Arabia and US oil giant Chevron to revitalise its mining and energy sectors, with Energy and Mines Minister Jorge Luis Montero outlining plans to turn the country into a strategic resource hub.
Cameroon promotes offshore licensing round, offers nine high-potential blocks
Cameroon shared details of its latest licensing round during this year’s African Energy Week: Invest in African Energies conference, organised by the African Energy Chamber.
KazMunayGaz launches new exploration phase at Ozen North block
Kazakhstan’s national oil and gas company KazMunayGaz has reportedly approved the next stage of its exploration programme aimed at expanding long-term production opportunities for its largest wholly owned subsidiary, Ozenmunaygaz.
Kazakhstan’s oil output rises 13% to 75.7mn tonnes in first three quarters
Kazakhstan produced 75.7mn tonnes of oil and condensates between January and September, marking a 13.2% increase compared with the same period of last year, The Caspian Post reported on October 14, citing Energy Minister Yerlan Akkenzhenov.
Japan’s Idemitsu Kosan launches 15 MW battery storage plant in Himeji
Japanese energy firm Idemitsu Kosan Co Ltd and its partners have begun operations of a new battery storage facility in Himeji, Hyogo Prefecture, with a total capacity of 15 MW and 48 MWh.
Malaysia strengthens commitment to lead ASEAN’s green energy transition
Malaysia has reaffirmed its commitment to accelerating clean energy transition and attracting green investment across Southeast Asia ahead of the 43rd ASEAN Ministers on Energy Meeting (AMEM-43)
Think tank warns Philippines needs $1.79bn smart grid boost
As the Philippines continues to experience frequent power interruptions that disrupt industries and households, energy experts are warning that outdated grid systems could undermine economic growth and the country’s clean energy ambitions.
Indonesian president issues regulation to convert urban waste into renewable energy
President Prabowo Subianto has officially issued a new presidential regulation aimed at addressing Indonesia’s mounting urban waste problem by converting rubbish into renewable energy using environmentally friendly technology
Tesla Korea faces scrutiny over EV battery failures
Nearly 4,500 Tesla electric vehicles in South Korea have suffered serious battery system malfunctions that prevent charging, with many owners discovering that their faulty batteries were replaced with reused rather than new ones.
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