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Zimbabwe expands reach of sovereign wealth fund to include utility Zesa, six other companies
Scope assigns MOL 'BBB-' issuer rating
Ethiopia's Development Bank allocates $40.5mn for off-grid solar project advancing rural electrification
The Development Bank of Ethiopia (DBE) has earmarked $40.5mn to finance the implementation of the Access to Distributed Electricity and Lighting in Ethiopia (ADELE) project, facilitating the deployment of off-grid solar systems in rural areas.
Algerian energy utility Sonelgaz awards contracts to build 3-GW solar facilities
Algeria's state-owned energy Sonelgaz has awarded contracts to local and foreign firms to build 20 individual solar plants with an anticipated production capacity of 3 GW, the group said in a statement.
Azerbaijan sees 11.2% decline in oil exports and 13.1% drop in revenue in early 2024
Exports of declared oil from Azerbaijan in January-February 2024 amounted to 4.595mn tonnes, which is 11.2% lower than the figure for January-February 2023, the State Customs Committee (SCC) said.
Azerbaijan's gas exports surge to 3.95 bcm in early 2024; EU imports up 9.4%
In the initial months of 2024, Azerbaijan experienced a remarkable 230% growth in gas exports. According to the State Customs Committee, gas exports soared to 3.95 bcm, up from the comparative period in 2023, comprising 30.54% of Azerbaijan's total.
ADNOC signs second offtake deal for Ruwais LNG
Abu Dhabi National Oil Co. (ADNOC) this week agreed terms on a 15-year offtake deal with SEFE Marketing & Trading Singapore as the Emirati firm prepares to launch major engineering work.
Pertamina Hulu Energi seeks contract scheme change in four oil and gas blocks
PT Pertamina Hulu Energi, a subsidiary of Indonesia's state energy company PT Pertamina, formally requested a contract scheme change from the gross split to cost recovery for four oil and gas blocks managed by the company earlier this year.
Technological constraints hamper coal downstream in Indonesia
The advancement of coal downstream in Indonesia faces hurdles due to a lack of technology necessary for program implementation, according to a senior government official.
B.Grimm Power and ONEP join forces for biodiversity conservation
B.Grimm Power, a leading Thai energy company, has signed a Memorandum of Understanding with the Office of Natural Resources and Environmental Policy and Planning to collaborate on biodiversity conservation efforts.
PetroChina International Jabung Ltd. expects contract extension in Indonesia until 2043
PetroChina International Jabung Ltd., an oil and gas company operating in Jabung, Jambi, has expressed optimism regarding the extension of the Jabung Working Area contract until 2043, under the cost recovery contract scheme.
Savannakhet's coal ban sparks controversy in rural communities
Savannakhet Province in Laos has ignited controversy with its abrupt decision to ban all coal production and use within its borders.
Islamic Development Bank commits $225mn to energy and infrastructure projects in Malaysia
The Islamic Development Bank has greenlit a significant financing package totalling $225mn to bolster energy and infrastructure projects in Malaysia and Nigeria.
PLN Energi Primer Indonesia ensures secure coal supply for power generation
PLN Energi Primer Indonesia has affirmed that the coal supply for power generation remains stable, assuring reliable energy production.
North Macedonia’s ESM to receive €9.1mn grant from KfW for expansion of Bogdanci wind park
Iraq to reduce oil exports to 3.3mn bpd
Iraq's Oil Ministry plans to reduce its oil exports to 3.3mn barrels per day (bpd) in the coming months, citing reports of increased crude production in the semi-autonomous Kurdish region that was not approved by the federal government.
Cheap coal from Putin fires Turkey up the dirty power generation league
Country dislodges Poland from second spot in Europe for electricity made with coal. Ankara took advantage of lower Russian shipment prices caused by EU embargo.
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