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Russian Urals prices at west ports soar to $70-80 per barrel
The free-on-board price of Russia’s Urals oil, loaded at Baltic and Black sea ports, has risen to above $70 per barrel, the International Energy Agency reported on August 11
Guyanese, Ghanaian companies team up to offer tech training for oil and gas industry jobs
Compton Harris, the CEO of Guyana’s e-magic, said his company had teamed up with Ghana’s West Coast Gas to expand training in oil and gas technologies.
Kazakhstan makes fresh push for upstream investment with new subsoil auction
Kazakhstan is aiming to revive oil and gas exploration activity, planning to hold an online auction on October 20 to attract new operators for five fields and six exploration blocks in the Aktyubinsk, Mangistau, West Kazakhstan and Atyrau regions.
Suriname offers future oil profits to bondholders to exit its default
Suriname has entered an agreement with bondholders to escape its default. In exchange for providing bondholders with a cut of its future oil profits, part of the nation’s sovereign debt will be forgiven.
Turkmenistan hits back against Russia's "gas union" proposal
Russia’s suggestion that more countries join its so-called “gas union” with Kazakhstan and Uzbekistan has prompted a stern rebuke from Turkmenistan, warning Moscow against trying to expand its influence over the Central Asia-China gas pipeline.
Nigeria's crude oil production plummets to three-month low on back of Forcados terminal leak
Serbia’s EPS turns to profit of over €500mn in 1H23
First Arctic LNG-2 train arrives at project site
Russia’s Novatek has announced the delivery of the first train of its planned Arctic LNG-2 terminal to the project site on the western shore of the Gydan Peninsula in the Arctic, ahead of its scheduled launch before the end of the year.
Iran's South Pars gas field's Phase 11 commences production amid decades of delays
The long-anticipated Phase 11 of the South Pars gas field has commenced production, marking a significant milestone in Iran's oil and gas sector. As of August 12, four wells in Phase 11 began early-stage gas production.
Nigeria reports 121 incidents involving crude theft
Central Asia: Low water levels on Irtysh River create quandary for Kazakhstan
An update on recent developments in Chinese-Russian-Central Asian affairs.
Hanoi’s long-term power-plan a mix of renewables, LNG and always … coal
The Vietnamese government has underscored its commitment to reach net zero by 2050. In the same timeframe Hanoi has shown on paper at least it is trying to raise the percentage of renewable power in the mix to between 80% and 85% of the total.
Monsoon wind power project sets wheels in motion for Laos' renewable energy future
The Monsoon Wind Power Project in Laos has taken a significant stride towards its completion as the installation of wind power turbines commences following the arrival of the turbines and blades from Thailand on Saturday, 12 August.
Zimbabwe-focused lithium miner Premier African Minerals agrees offtake deal with Chinese firm Canmax
Russian pipeline gas flow to EU reaches recent height in August
Russia’s Gazprom increased daily gas flow to the EU via the TurkStream pipeline to an historic high of over 51 mcm per day in early this month, while deliveries via Ukraine have also risen to a recent high this month.
Algeria, Syria agree to boost oil, gas cooperation
Africa Finance Corp commits $95.25mn to support downstream oil transport, storage in Lake Victoria area
OPEC raises forecast for Russia’s 2023 oil production
The latest OPEC Monthly Oil Market Report shows that non-OPEC liquids supply is expected to rise, mainly due to a 100,000 barrels per day increase in sanctions-affected Russian production.
Voltalia opens new Albania office
Euronext Paris-listed Voltalia has been active in Albania for more than five years. Voltalia initially undertook solar power plant construction for local clientele, later diversifying into its own photovoltaic and wind energy projects.
Guyana, Dominican Republic sign MoU on joint construction of 50,000 bpd refinery
The governments of Guyana and the Dominican Republic have agreed to team up to find a strategic investor for a new oil refinery project.
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