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South Korea's Hanhwa to buy remaining shares in oil and gas contractor
South Korean industry giant Hanhwa Group has made an offer to buy all shares it does not already control in offshore oil and gas contractor Dyna-Mac Holdings.
Iran to set up its first green polymer plants in Persian Gulf
Iran is set to build two eco-friendly petrochemical plants as its first industrial units, churning out biodegradable polymers on Qeshm Island in the heart of the Persian Gulf.
DMEA: Egypt reviews WEPCO, Bapetco performance, discusses Hamra terminal expansion
Amur GPP project reaches 92.5% completion
Construction of the giant Amur gas processing plant in east Russia has reached 92.5%, operator Gazprom reported on September 12.
MinRes estimates resources at Perth basin assets
Australian diversified resources producer Mineral Resources has published estimates for oil and gas resources at its Lockyer gas project and Erregulla oil project in the onshore Perth Basin.
Russia calls for more exploration in the Far East
Russia is set to conduct a comprehensive geological survey of the Far East to identify new mineral deposits and attract investors.
Russian attacks on Ukraine double electricity prices in Eastern Europe
Electricity prices in southeastern Europe have surged by 100% this summer due to Russia's strikes on Ukraine's energy infrastructure.
What is causing the Biblical deluge in Central Europe?
Central Europe is underwater as it grapples with a Biblical deluge, with record rainfall smashing all records and across countries in what experts are calling a “historic flood event.” And this torrential downpour didn’t come out of the blue.
Amazon's climate-critical regions lack adequate protection
Iran’s twin oil fields set to ramp up output in three months
Iran plans to ratchet up production from its Sepehr and Jofeir oil fields in the southwestern Khuzestan Province by 28% in three months, said the project manager for the development of the pair.
IAEA’s experts complete safety assessment at South Africa’s NPP
Halliburton submits bid for data management services in Guyanese oil and gas sector
Halliburton submitted a $1.88mn bid to Guyana’s National Procurement and Tender Administration Board, pursuing a contract for data management services for the country’s oil and gas exploration and production operations.
Former Norwegian minister condemns calls for Guyana to cease oil production
Former Norwegian Environment Minister Erik Solheim has condemned calls from individuals in veteran oil-producing countries including the United States and Norway for Guyana to cease its oil production.
United States Export-Import Bank to review Guyana's Gas-to-Energy loan request
The United States Export-Import Bank (EXIM) will review Guyana's $646mn loan request for its Gas-to-Energy project in October, Vice President Bharrat Jagdeo confirmed.
Grenergy Renovables and BYD sign new Chilean solar agreement
Spanish renewable energy company Grenergy Renovables announced that it has expanded its partnership with Chinese battery manufacturer BYD, signing a new supply agreement for the third phase of its Oasis de Atacama solar-plus-storage project in Chile.
Costa Rica's ICE finalises commitment for 166 MW of solar and wind projects
The Costa Rican Institute of Electricity (ICE) has finalised commitment letters for nine renewable energy projects totalling 166 megawatts (MW) in the Guanacaste province, the state-owned utility announced on September 11.
Staatsolie signs production sharing contracts with PetroChina for two blocks offshore Suriname
Staatsolie announced that nearly 46% of Suriname’s offshore area is now under contract following its signing of production-sharing contracts for Blocks 14 and 15 with PetroChina Investment Suriname B.V.
US billionaire Jeff Bezos’ GEAPP to invest into upgrading South Africa’s ageing municipal grids
Climate crisis fuels wildfires across Latin America with Brazil hardest hit
Brazil and large swathes of Latin America are battling severe wildfires this year, even in traditionally wet regions, as they grapple with a harsh drought. The effects of climate change are disrupting the lives of millions across the continent.
Kenya awards $1.3bn power line project to Adani Group, Africa50 via public-private partnership
US mulls Chevron licence suspension in Venezuela, sources say
The Biden administration is considering suspending Chevron Corp's licence to extract oil in Venezuela as part of efforts to pressure President Nicolas Maduro's government into dialogue with the opposition in the wake of the July 28 disputed election.
US imposes sanctions on Venezuelan officials over disputed election, stops short of targeting oil
The US on September 12 slapped sanctions on 16 close allies of Venezuelan President Nicolas Maduro, citing "widespread voter fraud" in the country's recent presidential election. However, the new sanctions do not target key oil and gas exports.
Nigeria’s state oil company forecasts 11% jump in gasoline prices following Dangote deal
Iran’s power shortage to hit 26,000 MW next year, union leader warns
An Iranian union leader warned that the country’s electricity deficit would surge to at least 26,000 megawatts (MW) next summer if no measures were taken to address the widening mismatch between power generation and production.
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