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Metals explorer Lindian pays $10mn towards purchase of 'globally significant' Malawi rare earths project
RWE raises 2023 guidance for earnings
Equinor sees profits halve in Q2 on lower prices
Norway’s state-owned oil and gas producer Equinor reported a halving of profits for the second quarter versus the same period of last year, attributing this to significantly lower oil and gas prices.
$14bn Saudi-funded refinery deal on the cards for hard-up Pakistan
Reports from Pakistan indicate that an official announcement is expected very soon on the construction of a Saudi funded oil refinery capable of processing 350,000 to 450,000 barrels per day of crude oil.
Unknown intermediaries continue their takeover of Russian oil trade
Western embargoes, price caps and other sanctions have resulted in the emergence of numerous little-known trading companies handling significant quantities of Russia’s oil exports, despite having no prior record in the oil industry.
Eni snaps up Chevron stakes in three Indonesian blocks
Italy’s Eni announced this week it has purchased Chevron’s operating stakes in three production-sharing contracts off Indonesia, as the company looks to broaden its footprint in the country and fast-track key projects there.
Africa’s untapped offshore wind energy potential
A background paper by the African Development Bank (AfDB) estimates that Africa has an annual offshore renewable energy production potential of 44.52 TWh of electricity.
Egyptian government signs three oil and gas exploration agreements with local and international partners worth $319.5mn
The Egyptian government has signed three oil and gas exploration agreements with local and international partners worth $319.5mn to dig 13 new exploration wells.
Algeria accepts 77 proposals for establishing 2-GW solar plants
Algeria's state-owned gas utility Sonelgaz said on July 26 it had accepted 77 proposals from local and international firms bidding to establish 2 GW of solar energy plants after opening the technical bids in an auction.
Environmental activists in Turkey clash with police in protests against felling of forest for coal mine expansion
Kyrgyzstan announces signing of 10 deals worth $2.5bn at Issyk-Kul international economic forum
Petronas announces six discoveries offshore Sarawak
Petronas Carigali, a subsidiary of Malaysian state-owned energy company Petronas, announced on 21 July that it has made six oil and gas discoveries in five offshore blocks off the coast of Sarawak.
Vietnam to build oil, gas storage system by 2030
The Vietnamese government has approved a master plan for the creation of a national oil and gas storage system with a view to having it complete by 2030 at a cost $11.42bn.
Turkmenistan: Watched over by CCTVs of loving grace
Europe's elusive pipeline, Gulf investment, Korean lobbying and a new ghost town.
Canada proposes curbs on ‘inefficient’ fossil fuel subsidies
The Canadian government on July 24 unveiled a controversial framework for eliminating “inefficient” fossil fuel subsidies.
Exiting Russia is prove increasingly difficult, says Wintershall Dea head
Wintershall Dea’s CEO Mario Mehren said on July 27 that "new obstacles to exit are being created on a daily basis," in a call to discuss his company's second-quarter financial results.
US gas prices fall 34% in first half of 2023, says EIA
The average monthly spot natural gas price at the US benchmark Henry Hub fell 34%, or $1.12, per million British thermal units (mmBtu) to $2.18/mmBtu between January and June, according to the Energy Information Administration.
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