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Wind turbine maker Vestas posts modest profit
Wind turbine maker Vestas has posted a modest profit for the first three months of the year.
Peru LNG exports six cargoes in April
Peru LNG has reported that its export volumes climbed by about 10% month on month in April 2023.
Germany to streamline solar development
Germany will streamline solar development as part of its effort to ramp up renewable energy and become carbon neutral by 2045. The intent is to boost solar installations to 215 GW by 2030.
Russian company seizes Sakhalin-2 tugboats
A Russian court on the island of Sakhalin has ordered the seizure of four tugboats owned by Denmark's Svitzer in response to a request by a Russian energy company. This action is part of Russia's strategy to seize assets of exiting Western companies.
Venezuela strikes deal with Eni, Repsol on condensate exports
Venezuela has struck an agreement with two European oil majors, Italy’s Eni and Spain’s Repsol, that will allow for the export of gas condensate to other markets.
Afentra completes acquisitions of minority stakes in Angolan offshore blocks
AIM-listed Afentra revealed on May 10 that it had completed the acquisition of minority stakes in two blocks offshore Angola from INA-Industrija of Croatia.
CGX says Wei-1 well has encountered crude oil but doesn’t comment on commercial nature of find
Canada’s CGX Energy has encountered crude oil in Wei-1, its second exploration well at the Corentyne block offshore Guyana.
Pakistan and India looking for ways to pay for Russian oil
After having placed an order for a single cargo of Russian oil, Pakistan is looking to close long-term deals for sanctioned crude payable in Chinese yuan through a direct currency swap arrangement with China.
Serbian packaging company Papir Print invests into sustainable energy
Serbian packaging company Papir Print has invested into a thermal oxidation plant that allows it to convert waste gases into heating and cooling energy.
UK Supreme Court rules Nigerian claimants may not continue suit against Shell over 2011 tanker spill
The UK Supreme Court has ruled against Nigerian claimants who sought to sue two subsidiaries of Shell over a 2011 offshore oil spill, citing the expiration of a six-year legal deadline.
Aramco Q1 results fall on lower oil price
Majority state-owned Saudi Aramco announced its results for Q1 2023, with net profit registering a drop of 19% from a year earlier.
Zimbabwean firm Shalom Mining seeks licence to explore for hydrocarbons in protected wildlife park
Ivory Coast asked to end broad-based subsidies for fuel, food to secure $3.5bn IMF support package
Another extension in store for Lebanese bid round?
The Lebanese Petroleum Authority (LPA) and the country’s energy ministry are considering yet another extension to the deadline for bids in the country’s second licensing round.
KazTransOil reports successfully delivery of 25,000-tonne batch of Russian oil for transit to Uzbekistan
80-MW Rusumo hydropower project 99% complete, will start feeding Tanzania, Rwanda, Burundi power
Tanzania, Rwanda and Burundi are due to feed an additional 27 MW of electricity into their respective national grids now that the Regional Rusumo Falls Hydroelectric Project (RRFP) has reached 99% completion.
Zimbabwe lithium mine Bikita expects $1bn revenue in 2024 from $47mn in 2022 after Sinomine takeover
Zambia's electricity shortage set to ease after it commissions 750-MW hydro-power facility
Zambia’s state-owned electricity company, ZESCO Limited (ZESCO), has commissioned a 750-MW hydropower plant at Kafue Gorge, in the south of the country, according to an American publication.
Moroccan PM says country importing fuel from Russia despite sanctions
Nothing is preventing Morocco from importing coal or wheat from Russia despite the Western sanctions imposed on Moscow over its invasion of Ukraine.
Invictus confirms presence of liquid hydrocarbons and helium at Cabora Bassa site in Zimbabwe
Australia’s Invictus Energy has confirmed the presence of light liquid hydrocarbons and helium in Mukuyu-1, an exploration well drilled at its 80%-owned Cabora Bassa project in Zimbabwe.
Fortum blasts “unlawful seizure of Russian subsidiary”
Fortum, once the largest renewables player in Russia, has blasted the “unlawful seizure of [its] Russian subsidiary”.
Iraq resumes Qayyarah production, renews export deal
Iraq this week resumed oil production from the Qayyarah oilfield, marking a turning point for the asset, which has suffered from a plethora of security and technical issues in recent years.
Wintershall Dea fields in Russia could be indirectly supplying fuel for Ukraine war
Oil and gas fields in Western Siberia jointly controlled by Russia’s Gazprom and Germany’s Wintershall Dea could be supplying fuel used in the war in Ukraine.
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