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Equinor receives licence from oil regulator for “significant” discovery off Newfoundland
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued a licence to Equinor for the Cappahayden K-67 discovery. The board estimates that it holds about 385mn barrels of recoverable oil.
Bakken holds back US oil production growth
North Dakota’s Bakken shale field is holding back the US’s oil production growth
Biden acknowledges oil will remain necessary in the US
US President Joe Biden has conceded that oil will be needed in America for some time yet, despite the energy transition.
Uzbekistan to build innovative 600 MW photovoltaic power plant
ConocoPhillips profits double in 2022
ConocoPhillips saw doubled profits in 2022 of $18.7bn as crude prices rose, its highest earnings in a decade. This was compared with a year earlier when profits were $8.1bn. ConocoPhillips spun off its refining business in 2012.
NuStar to move 600,000 bpd from the Permian in 2024 to Gulf Coast
NuStar Energy plans to transport 600,000 barrels per day of crude from the Permian Basin to the Gulf Coast in 2024 for refining or export, company executives said.
Nearly 200 permits in New Mexico violate federal law, says appeals court
A federal appeals court said the government wrongly ignored the dangers of greenhouse gas and other hazardous emissions when it issued permits to drill nearly 200 oil and gas wells in New Mexico.
Iran wants global investors to join projects worth $200bn, many climate change related
Kenya puts pressure on Tullow Oil to submit production timelines
Oman LNG signs supply deal with China’s Unipec
NNPC makes downstream progress as wait for Dangote continues
After several years without processing crude, Nigeria’s NNPC Ltd said this week that the first of its four refineries is expected to come back on stream during Q2.
South Africa: national power utility Eskom to buy ‘significantly more’ electricity from independent power producers.
Chinese renewable energy producer issues green panda bond to fund Kazakhstan project
Europe’s gas tanks at record 69% full with just over one month of heating to go
Europe’s gas storage tanks are 68.8% full, a record high in the last decade, with a little more than one month left of the heating season.
Bulgaria’s prosecution charges ex-energy minister, former head of Bulgargaz, over Gazprom’s halted supplies
Installation vessel designed for floating offshore wind farms
Netherlands-based Damen has developed the FLOW-SV vessel concept to support large-scale floating wind farm installation projects.
European solar contract prices soared 60% in 2022
European solar power purchase agreement prices increased 11.4% in the fourth quarter of 2022 to €77 ($82) per MWh, according to LevelTen Energy’s new report.
TotalEnergies to divest 50% of its renewable portfolio to Crédit Agricole
TotalEnergies says it plans to divest 50% of its renewable projects portfolio to Crédit Agricole Assurances, an insurance arm of France’s Crédit Agricole.
HyCC signs contracts for green hydrogen project
Deutz Spain to install solar plant in Zafra, Spain
Vestas posts $1.7bn loss as Europe wind investments lag
Vestas, the world’s largest wind turbine manufacturer, has posted a massive net loss of $1.69bn for 2022. This compares with a net profit of $153mn in 2021.
Tokyo Gas mulls joint Fukushima offshore wind project
Tokyo Gas and Shinobuyama Fukushima Power Co are evaluating a floating wind power project off the coast of Fukushima. The Japanese companies announced the joint evaluation.
Enefit Green begins installation of Estonian hybrid park
The first wind turbine has been constructed in Estonia's inaugural wind and solar hybrid park in Purtse.
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