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AfDB announces $2.8bn investment in South Africa, including for renewable energy transition
The African Development Bank President, Akinwumi Adesina, has pledged the banks support for SouthAfrica by announcing a $2.8 billion package over a period of 5 years.
Ghanaian government to reduce fuel prices; COPEC disappointed
Prices of petroleum products have seen a persistent rise due to a number of factors including the cedi depreciation against the US dollar, product availability due to tensions from Eastern Europe among others.
Slovenia in talks with Qatar on gas supply opportunities
Croatia's INA to pay €13 per share dividend for 2021
Think-tanks say total halt to EU Russian gas imports possible by 2025
The EU stands a good chance of replacing 100% of its gas imports by 2025 without resorting to coal or new gas import infrastructure.
ANP head comments on projected pace of Brazil’s oil production increase
Rodolfo Saboia, the director-general of Brazil’s ANP, said last week that his country was on track to raise its hydrocarbon production by 3mn barrels of oil equivalent per day by the end of the decade.
Pemex may change schedule for halting crude oil exports
Mexico City is reportedly considering keeping oil export volumes at 1mn bpd temporarily in order to earn more revenue to cover fuel subsidy expenditures.
UTM Offshore hopes to sign FEED contract for Nigerian FLNG project next month
UTM Offshore expects to sign a front-end engineering and design (FEED) contract for its floating LNG project at the Yoho offshore oilfield sometime in April.
Researchers say Mexico’s gas flaring volumes continued to rise in 2021
The Colorado School of Mines’ Earth Observation Group (EOG) has updated its dataset to show that Mexico’s associated gas flaring volumes continued to rise last year.
GO-Invest highlights potential of Block C, Takutu basin
The Guyana Office for Investment (GO-Invest) has published a new prospectus highlighting some of the country’s unlicensed onshore and offshore sites.
Petropar cuts motor fuel prices
Petróleos Paraguayos (Petropar), the state-run petroleum product concern of Paraguay, reduced motor fuel prices earlier this week following widespread complaints from truck drivers and other consumers.
Acelen pushes back against claims that Mataripe refinery is pricing fuel unfairly
Acelen, the subsidiary of the Mubadala Capital group (UAE/Abu Dhabi) that operates the Brazilian RLAM refinery, has dismissed claims that it is taking an unfair and uncompetitive approach to fuel pricing in Bahia State.
ExxonMobil, partners postpone deadline for selection of second drilling site at Kaieteur
ExxonMobil (US) and its partners in the Kaieteur block offshore Guyana have agreed to push the deadline for selection of a second exploration drilling target back to October 2, 2023.
IEA warns against “weaponising” fossil fuels
The International Energy Agency has warned that weaponising fossil fuels threatens the stability of the global energy system, and that pushing forward to energy transition is the best way to achieve energy security.
Singapore, Indonesia sign climate change partnership
Singapore and Indonesia have signed a climate partnership focused on clean technology research and creating an international carbon market.
China’s solar, wind capacity reaches 330 GW
China’s installed wind and solar capacity grew by 17.5% year on year to 330 GW during the first two months of 2022, according to official data released by the National Energy Administration (NEA).
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