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Global O&M solar market set for fast growth, but new entrants will struggle
Global solar operations and maintenance spending is predicted to rise fourfold to $15bn by 2030, but low margins could deter new entrants to the market and reduce profits for established players.
ConocoPhillips beats expectations with fourth-quarter results
ConocoPhillips has reported earnings of $2.6bn, or $1.98 per share, for the fourth quarter of 2021.
US judge annuls federal Gulf of Mexico lease sale
A US federal judge has annulled the first Gulf of Mexico lease sale held by the administration of US President Joe Biden.
Enbridge partners with indigenous group on Alberta carbon storage hub
Canada’s Enbridge has announced that it is partnering with the First Nation Capital Investment Partnership (FNCIP) – a group formed by four First Nations – to advance the proposed Open Access Wabamun Carbon Hub in Alberta.
Newfoundland and Labrador not ruling out Bay du Nord participation
The government of Newfoundland and Labrador is not ruling out participating in Equinor’s Bay du Nord project in the offshore Flemish Pass Basin.
Earthstone to buy Bighorn Permian for $860mn
Earthstone Energy announced on January 31 that it had agreed to acquire the assets of privately owned Bighorn Permian Resources for around $860mn.
Government seeks strategic investors for TOR – Public Enterprises Minister
The strategic investor is expected to bring in the needed capital to revive the Refinery.
Japanese government moves to offset soaring oil prices
AfDB approves $2.5mn grant for COMESA to harmonise electricity regulations
The African Development Bank has approved a $2.5mn grant to advance the intra-regional harmonisation of electricity regulations in the Common Market for Eastern and Southern Africa (COMESA).
Mozambique president launches Cabo Delgado solar power station
Gas and nuclear to be included in EU green taxonomy
EU has included gas and nuclear in the EU green taxonomy but denied that it was in fact promoting greenwashing.
Chinese and Turkmen oil and gas companies plan agreements on specialised equipment and services at gas fields in Turkmenistan
Caspian Pipeline Consortium to increase oil exports in 2022
Uzbekistan aims to lift waste recycling level to 40%
SDX Energy agrees to dispose of 33% equity stake in South Disouq concession in Egypt for $5.5mn
Estonian government agrees district heating compensation rate
EU commissioners arrive in Azerbaijan for talks
Azerbaijan plans to export an additional 400 mcm/y
Discovery at Kawa-1
CGX and Frontera have become the first companies to find hydrocarbons in commercial quantities outside the Stabroek block in Guyana’s offshore zone.
NUPRC says it is investigating FPSO explosion
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced on February 3 that it had begun an investigation of the explosion that caused a FPSO to sink near Escravos.
Shell reportedly set to delay Bonga Southwest Aparo by another two years
Sources at Nigerian National Petroleum Corp. (NNPC) and Shell (UK) have told S&P Global Platts that the start date for the Bonga Southwest Aparo project had been pushed back by another two years.
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