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India gives thumbs-down to BYD on proposed EV and battery factory on subcontinent
India has spurned efforts by Chinese electric vehicle giant BYD in conjunction with local firm Megha Engineering and Infrastructures to build a new $1bn EV and battery plant in the country.
Vietnam Electricity Group to take a credit from Germany's KfW development bank to expand the Tri An HPP
The two parties held talks on July 26 and are close to agreement, the newswire reported, with a deal expected to be signed in November to coincide with a government-level meeting on Vietnam-Germany development co-operation.
MEOG: KRG sticking to budget deal
DMEA: Iraq, Lebanon to renew existing oil deal
Global coal use to remain at record high says IEA
Global coal use rose to a record high in 2022, and with strong growth forecast in Asia for power generation and industrial applications, coal is expected to remain close to an all-time high in 2023, the International Energy Agency predicted.
China ahead of schedule on Xudapu 3 as Beijing awaits Russian reactors
one of the main construction hurdles for any nuclear power plant has been completed at the Xudapu unit 3 site in north-east China, a full six months ahead of schedule: the installation of the dome over the main reactor building.
Chinese consortium to build four hydro plants in Kyrgyzstan worth between $2.4bn and $3bn
Snow on the ground in Johannesburg in July sees load shedding return
Electricity outages had eased recently but that relief was brought to an abrupt end this week as a cold front swept across the country, bringing freezing temperatures and, in Johannesburg, snow.
More delays looming for Mozambique LNG?
Saipem’s predictions of a July restart for Mozambique LNG have not borne fruit due to the difficulty of resolving cost disputes with TotalEnergies
ArcelorMittal South Africa posts $25mn loss in half year to June 2023 due to worsening electricity shortage
ArcelorMittal South Africa posted a $25mn loss induced by electricity shortages in the interim period to June 30 but expects steel demand from renewable energy projects to boost sales over the remainder of 2023.
Italian oil industry service provider Saipem notes progress towards resumption of LNG project development in Mozambique
Italian energy services group Saipem has said work to resume construction of a $20bn LNG project in northern Mozambique in which it is involved is well underway.
Metals explorer Lindian pays $10mn towards purchase of 'globally significant' Malawi rare earths project
RWE raises 2023 guidance for earnings
Equinor sees profits halve in Q2 on lower prices
Norway’s state-owned oil and gas producer Equinor reported a halving of profits for the second quarter versus the same period of last year, attributing this to significantly lower oil and gas prices.
$14bn Saudi-funded refinery deal on the cards for hard-up Pakistan
Reports from Pakistan indicate that an official announcement is expected very soon on the construction of a Saudi funded oil refinery capable of processing 350,000 to 450,000 barrels per day of crude oil.
Unknown intermediaries continue their takeover of Russian oil trade
Western embargoes, price caps and other sanctions have resulted in the emergence of numerous little-known trading companies handling significant quantities of Russia’s oil exports, despite having no prior record in the oil industry.
Eni snaps up Chevron stakes in three Indonesian blocks
Italy’s Eni announced this week it has purchased Chevron’s operating stakes in three production-sharing contracts off Indonesia, as the company looks to broaden its footprint in the country and fast-track key projects there.
Africa’s untapped offshore wind energy potential
A background paper by the African Development Bank (AfDB) estimates that Africa has an annual offshore renewable energy production potential of 44.52 TWh of electricity.
Egyptian government signs three oil and gas exploration agreements with local and international partners worth $319.5mn
The Egyptian government has signed three oil and gas exploration agreements with local and international partners worth $319.5mn to dig 13 new exploration wells.
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