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US fuel supply company signs five-year deal on asphalt production at Curaçao’s Isla refinery
Global Oil Management Group (GOMG), owned by Harry Sargeant III, an energy and shipping magnate from Florida, has made arrangements to use the Isla refinery on Curaçao to produce and export asphalt.
China’s Goldwind may enter Spanish wind sector
Chinese wind turbine manufacturer Goldwind is seeking to buy wind projects in Spain and to establishing manufacturing there.
GE Renewable Energy losses lower in Q2
Sales at GE Renewable Energy in the second quarter lost $359mn on an operating basis – an improvement compared with a year ago – and bettered its revenue forecast.
InvestAfrica set to secure 35% stake in Kenya’s battery distributor
Dubai-based InvestAfrica FZCO is expected to invest more money in Kenya’s cash-strapped battery distributor Eveready EA Plc, more than the KES145mn ($1.02mn) the Nairobi Stock Exchange says it needs to be in a better cash position.
Saudi Aramco completes purchase of Rongsheng stake
Saudi Aramco has successfully completed a transaction to acquire a 10% stake in China’s Rongsheng Petrochemical Co. (Rongsheng) for $3.4bn through a subsidiary located in the Netherlands, Aramco Overseas Company BV.
Octopus Energy investing GBP15bn in offshore wind
UK-based Octopus Energy will invest GBP15bn ($19.2bn) in offshore wind, mostly in Europe, by 2030. Octopus will invest in 12 GW.
ASX-listed TMK Energy announces gas flow surfacing at Gurvantes XXXV coal-seam project in Mongolia
Peru’s environment minister accuses Repsol of not paying fines for January 2022 oil spill
Peru’s Environment Minister Albina Ruiz has accused Spain’s Repsol of only paying a small portion of the fines related to an oil spill that occurred on January 15, 2022.
PdVSA signs two new petcoke export contracts
Venezuela’s national oil company PdVSA has signed two new contracts for the export of petroleum coke following the suspension of its agreement with Geneva-based Maroil Trading.
China, Algeria sign agreements on infrastructure, petrochemicals and energy
China and Algeria signed numerous agreements last week involving infrastructure, petrochemicals and energy as part of a state visit to Beijing by Algeria’s president Abdelmadjid Tebboune.
Iraq, Lebanon to renew existing oil deal
Sumitomo signs deal signed for Sharjah CCS
Sharjah National Oil Corp. (SNOC) has entered into an initial agreement with Japan’s Sumitomo Corp. to explore a carbon-capture project in the emirate.
Uzbekistan’s EV imports surge in 1H23
Slovenia to install solar plants along motorways
US to auction 3.7 GW of offshore wind leases in Gulf of Mexico on August 29
The US Bureau of Ocean Energy Management (BOEM) will auction 3.7 GW of seabed in the US Gulf of Mexico on August 29.
Heliene to expand with new US solar manufacturing plant
Solar panel assembler Heliene plans a major expansion of its US manufacturing operations with a new Minnesota factory, the Canadian company’s CEO told Reuters.
Aseel Oilfield secures energy, minerals deals in Zanzibar
The government of Zanzibar has entered into deals with Dubai-based Aseel Oilfield Services involving investments in energy and mineral projects, a development that is intended to diversify the island’s economy that is largely dependent on tourism.
Petroecuador reports oil spill at Balao terminal
Ecuadorean authorities have confirmed that an oil spill occurred last week at the Balao marine terminal owned by Petroecuador in the port of Esmeraldas.
South Africa’s power utility Eskom needs more time, resources to finance grid expansion, says minister
South African Minister for Electricity Kgosientsho Ramokgopa said strengthening the grid would take more time and resources than the struggling state-run power utility Eskom could afford.
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