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Lindian Resources releases 'outstanding' maiden resource estimate for Malawi rare earths permit
Kyrgyzstan grants Siberia’s BitRiver right to draw power from Toktogul hydropower plant
Vattenfall’s proposed 864-MW offshore wind farm in Sweden hits roadblock
Swedish multinational energy company Vattenfall had its amended proposal to construct an 864-MW offshore wind farm in Sweden’s economic zone rejected by the Swedish government, Reuters reported on July 27.
Aviva Investors to buy 35% stake in Italy’s Innovo Renewables
Aviva Investors has announced it will purchase an initial 35% stake in Italy-based Innovo Renewables, Renews reported on July 28.
First Solar to invest $1.1bn in fifth US photovoltaic panel factory
Arizona-headquartered First Solar Inc will invest up to $1.1bn to construct the company’s fifth photovoltaic panel factory in the US Renewables Now reported on July 28.
Seven automakers to team up to build out EV fast-charging network in North America
A joint venture is being formed by seven large automakers to build out a large fast-charging network across North America for electric vehicles, CNN reported on July 26.
Top South African environmentalist urges Namibia and Botswana to halt oil exploration in ecologically sensitive river system
ADNOC sharpens climate targets ahead of COP28 summit
The Abu Dhabi National Oil Company (ADNOC) brought its net-zero climate targets forward five years to 2045 on Monday, 31 July as the United Arab Emirates prepares to host the United Nation’s COP28 conference in December.
NNPCL to increase investments in gas
The Nigerian National Petroleum Company Limited (NNPCL) said on Monday, 31 July that it plans to develop Nigeria’s gas and transportation infrastructure in a push to achieve clean and affordable energy in the country.
Luberef sees profits climb 21.68% in H1
The net profit of Saudi Aramco Base Oil Co. (Luberef) climbed 21.68% to $240mn during the first half of 2023, with the company’s net profit for the second quarter also rising 3.97% to $121mn compared with $116mn reported the previous year.
Mexico Pacific signs 20-year contract with ConocoPhillips for natural gas supply
Mexico Pacific has signed a 20-year sales and purchase agreement to supply liquefied natural gas (LNG) to US energy major ConocoPhillips, the Mexican LNG developer said on 3 August.
Angola to invest in new oil refineries
Angola, Africa’s second-largest oil producer – producing 1.1mn bpd of crude – will begin to produce diesel and petrol for its own population upon completing new refineries. Oil and gas generate around three-quarters of the country’s exports.
Mexico’s Finance Ministry administers capital injection to Pemex
Mexico’s Pemex received a capital injection of almost MXP65bn ($3.82bn) last week from the Finance Ministry.
Venezuela's crude exports reach record levels in July
Venezuela registered a significant boost in oil exports in July, reaching levels not seen in more than three years. This upturn is attributed to new supply contracts and increased shipments by US producer Chevron.
Wood Mackenzie sees Bolivia becoming net gas importer by 2030
Wood Mackenzie has said it expects Bolivia’s natural gas production and exports to decline dramatically enough to transform the country into a net importer by the end of the decade.
Alaska LNG faces hurdle after Japan and South Korea reject proposed project
The US’s proposed Alaska LNG project has hit a major road bump with Japan and South Korea declaring they will neither invest in or sign contracts to purchase LNG from the project, The Wall Street Journal reported on July 25.
BP vows to defend its rights in arbitration case against Venture Global
BP has declared it will defend its rights “to the absolute fullest” in its arbitration case brought against Venture Global LNG for failing to deliver contracted cargoes, BP’s chief executive officer, Bernard Looney, told Reuters on August 1.
Bio-LNG now possible in over 60 ports
The green LNG bunkering market has grown with bio-LNG now available in almost 70 international ports, including key shipping hubs such as Singapore and Rotterdam according to an analysis released by SEA-LNG on July 27.
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