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AfrElec: Seriti Resources to build 155-MW wind farm to power its coal mines in South Africa
AfrElec: Nigeria awards $1.3bn Zungeru hydroelectric plant contract to Mainstream Energy Solution
EurOil: CNOOC puts sale of UK North Sea business on hold
EU and G7 agree on Russian petroleum product price caps
The caps came into force on February 5, three months after a similar cap of $60 per barrel was introduced on Russian crude oil exports.
Uzbekistan to receive free liquefied gas batch from Turkmenistan
MEOG: Maha and Mafraq sign Oman deal
DMEA: Militia threatens Iraqi pipeline
CENTRAL ASIA BLOG: Taliban’s lousy power deals exposed as Uzbekistan pulls plug in deadly cold
Partly thanks to infrastructure projects blown up by the militants while they were trying to turf out the US, Afghanistan is dependent on neighbours for 73% of its electricity.
EU to give Ukraine $25mn for demining operations and 35mn LED lightbulbs to help energy sector
The EU announced that it will provide Ukraine with 35mn energy-saving LED light bulbs and €25mn for humanitarian demining, the European Commission announced on February 3.
Infrastructure repairs restore 80% of Ukraine's electricity needs
Successful repair work to Ukraine’s electricity infrastructure has been carried out and the majority of the war-torn country’s needs are being met, Ukraine Business News reported on February 3.
Philippines clears development of seventh LNG import project
LNG sale and purchase agreements in US up in 2022
LNG exports in the US are booming as supply in Europe remains tight following sanctions on Russia because of its war in Ukraine. World supplies of LNG had already been constrained, with demand in Asia especially high.
Half of firms on Egyptian government’s privatisation list come from petroleum sector - minister
OMV Petrom reports record €2bn profit for 2022
Bill on Strategic Petroleum Reserve passes US House of Representatives
A bill on the Strategic Petroleum Reserve (SPR) has passed the US House of Representatives. The legislation, HR21, requires that any release of crude from the SPR is tied to a plan to increase oil and gas leasing on federal land.
ExxonMobil, Chevron profits soar
The US’s two largest oil companies have posted record profits as blowback continues including from politicians and consumer groups, and in particular from US President Joe Biden.
TotalEnergies EP Canada buys additional stake in Fort Hills
TotalEnergies EP Canada, a subsidiary of French supermajor TotalEnergies, is purchasing an additional 6.65% interest in the Fort Hills project from Teck Resources for CDN 312mn ($234mn). This is in advance of its spin-off from parent TotalEnergies.
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