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Higher rain levels in Brazil help stave off gas pain in Europe
The end of Brazil’s drought has allowed US sellers to send more LNG to Europe, but these conditions may not persist beyond the short term.
Chevron sets new quarterly record in Permian
Chevron set a new quarterly record for Permian Basin production, of 772,000 barrels of oil equivalent per day in the second quarter of 2023. It was an 11% increase year on year.
EU, Venezuela in talks on methane capture, exports
At least three European firms are slated to work with Venezuela's PdVSA to start trapping methane emissions and sending them to Atlantic LNG for processing and export.
Egyptian firm TAQA Arabia to study Tanzania’s natural gas market
State-owned Tanzania Petroleum Development Corporation (TPDC) has awarded Egyptian company TAQA Arabia a contract to undertake a feasibility study aimed at increasing domestic use of natural gas in the coast city of Dar es Salaam.
South African petrochemical multinational, Sasol, commissions $760mn gas production facility in Mozambique
Armenia's draft budget for 2024 reflects funds allocation for nuclear plant service life extension
Drilling of oil development wells in Uganda starts
UAE, Japan to increase joint co-operation in clean energy
The UAE and Japan have agreed to improve co-operation in various joint initiatives involving hydrogen production, low-emission blue ammonia and emissions-reducing technologies during Japanese Prime Minister Fumio Kishida's visit to the region.
Turkey’s polymer imports reported as running at record levels despite weak market sentiment
Serbian government to invest €320mn to strengthen electricity distribution network
The Serbian state is investing €320mn in strengthening the distribution network, Minister of Mining and Energy Dubravka Djedovic said on July 26.
Intraday electricity market launched in Serbia
Serbia’s Ministry of Mining and Energy announced that the SEEPEX power exchange successfully launched the Serbian continuous intraday electricity market on July 25, 2023.
Costs surge in offshore wind, rattling the sector
Swedish giant utility Vattenfall recently halted a wind farm project, the Norfolk Boreas offshore site off the UK, citing costs that had become inflated by 40%.
Funding secured for North Adriatic Hydrogen Valley project
Consortium leader HSE says project will put Slovenia on the hydrogen future map.
Argentina says it turned away Russian-produced LNG because of sanctions
Buenos Aires has cited sanctions against Moscow as the reason for a state-owned company’s decision to refuse delivery of a cargo of Russian-produced LNG last week.
Carlton Power secures UK consent for the world’s largest battery energy storage scheme
UK-based Carlton Power, an independent energy infrastructure development company, has secured planning permission for the world’s largest battery energy storage scheme (BESS).
Albania awards 222.48 MW of wind capacity to three bidders
Three bidders have been awarded a combined wind power capacity of 222.48 MW in the Albanian government’s inaugural utility-scale bidder-selected site auction for onshore wind, the EBRD announced on July 26.
Jagdeo: Guyana’s government not planning to take action against ExxonMobil contractor
Guyana’s government will take no legal action against a local company that serves as a contractor for US-based ExxonMobil.
Meyer Burger announces solar cell production in Colorado
Meyer Burger Technology of Switzerland will open a plant for high-performance solar cells in Colorado Springs, Colorado in the US.
Istanbul-listed Akbank sells $300mn 10-year subordinated eurobond at 9.60% coupon to EBRD, IFC, AIIB
India working to become global hydrogen hub in years ahead, says PM Modi
India’s Prime Minister Narendra Modi has made his most outspoken comments to date on his vision of India becoming a regional and global hydrogen hub in the years ahead.
Masdar launches first $750mn, 10-year green bond
Abu Dhabi Future Energy Company PJSC – Masdar – has announced the successful completion of its first green bond issuance for $750mn 10-year senior unsecured notes.
Vallourec to supply line pipe for two sections of Búzios oilfield
France’s Vallourec has secured two major contracts for equipment that will be used to support the sixth and eighth phases of development work at Brazil's Búzios oilfield.
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