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Aramco chooses Cosco vessels for Marjan expansion
Majority state-owned Saudi Aramco has awarded a contract to Cosco Shipping Specialised Carriers to provide two heavy transport vessels to support its Marjan oilfield expansion project.
Former militant leader accuses Nigerian armed forces of stealing oil
Alhaji Asari Dokubo, the founder of the Niger Delta People's Volunteer Force, made the allegation during a press conference following a meeting with Nigerian President Bola Tinubu in Abuja.
Indonesian Pertamina secures 35-year extension to gas operations in Algerian block
State-owned Indonesian refiner Pertamina announced it had secured a 35-year extension from the Algerian authorities to its deal to develop the Menzel Ledjmet Nord (MLN) oil and gas block in Algeria’s Sahara desert, according to a statement.
China’s Bomesc to provide topsides integration services for FPSO Errea Wittu
Bomesc Offshore Engineering, a Chinese marine engineering equipment supplier, has agreed to provide topsides integration services for the Errea Wittu, the FPSO vessel that will support the Uaru development project offshore Guyana.
UK opposition Labour party reaffirms 60-GW offshore wind target for 2030
Labour MP and Shadow Secretary of State for Climate Change and Net Zero in the UK Ed Miliband has reaffirmed his party’s pledge to have 60 GW of offshore wind capacity up and running by the end of the decade if it wins power.
Cameroon halts $44.8mn deal between SNH and Savannah Energy on Chad-Cameroon Pipeline stake
Nigeria: CBN funds required for modular refinery completion
Nigerian refiners expect funding from the Central Bank of Nigeria (CBN) will be needed in order to get more local refineries on stream.
Tower Resources finishes basin modelling study of PEL 96 in Walvis basin
AIM-listed Tower Resources has wrapped up a basin modelling study of PEL 96, a licence area offshore Namibia encompassing Blocks 1910A, 1911 and 1912B.
European gas prices rebound amid planned Groningen shutdown, warm weather and Norwegian maintenance
European natural gas prices have once more spiked on reports that the Netherlands is set to follow through with its plan to close down the continent’s largest gas field, which has for decades caused earthquakes.
Novatek secures patent for second liquefaction technology
Russia’s leading LNG exporter Novatek reported last week it had obtained a Russian patent for a proprietary technology it calls Arctic Mix, designed for large-scale natural gas liquefaction using mixed refrigerants.
10 agreements signed at conclusion of first visit to Islamic Republic by an Uzbek president in 20 years
SJVN pens memo to develop 5 GW of renewable capacity in India
India’s SJVN has signed a memorandum of understanding with the country’s Maharashtra State Power Generation Co. (MAHAGENCO) to develop 5 GW of renewable energy projects in the Indian state of Maharashtra, the company announced last week.
Russia to start using SPIMEX-based Urals price assessment to calculate tax as early as this year
Russia is hopeful that it can start using a Urals benchmark price assessment at the St Petersburg International Mercantile Exchange (SPIMEX) to calculate how much tax oil exporters should pay as early as this year.
Air Liquide strikes Chinese wind, solar PPA with Three Gorges
French gas tech manufacturer Air Liquide has entered into a power purchase agreement with China Three Gorges Renewables and China Three Gorges Corp. Jiangsu Branch, subsidiaries of China Three Gorges, a major renewable electricity producer.
CEZ shares rise 2.5% after Czech government calls for payout of entire 2022 profit
The government should extract a total of CZK150bn (€6.3bn) from the power group this year.
EBRD lends €82mn to Montenegro for 55 MW wind farm
Slovenia’s NLB bank plans to issue green bonds
General Electric blocked from servicing Russian turbines
The updated ban on engineering services will affect the US General Electric, which continues to service gas turbines at thermal power plants with a total capacity of 5 GW in Russia.
Biden administration proposes further fee cuts for wind, solar projects on federal land
INK brings on stream Russia's second-biggest helium plant
The plant is situated at the helium-rich Yaraktinskoye oil and gas field, and is currently operating in trial mode. Once running on a commercial basis, it will produce 10mn litres of helium annually, INK said.
Naftogaz paid over UAH40bn in taxes from January to May
Naftogaz, Ukraine’s oil and gas giant, paid over UAH40bn ($1.09bn) in taxes in the first five months of the year, Economic Pravda reported on June 19.
Australian wind power owners set for $5.8bn in profit over next 20 years
Australian wind energy asset owners stand to earn AU$8.5bn ($5.8bn) in net profit over the next 20 years, according to an analysis of the efficiency of wind power in the country that was carried out by IntelStor.
Voltalia launches its largest UK solar park
The South Farm solar park boasts a capacity of 50 MW, providing more than half of the governing body's electricity requirements. Santander UK has played a crucial role by offering GBP25mn ($32mn) to fund the project's construction and operation.
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