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CNRL to acquire debt-laden Painted Pony
Canadian Natural Resources Ltd (CNRL) announced this week that it had agreed to acquire Painted Pony Energy for CAD461mn ($347mn) including debt.
Turkey’s Halkbank claims immunity from prosecution in urging dismissal of US indictment for assisting Iran in sanctions evasion
Turkey launches naval exercises in parallel with energy exploration off two Greek islands
Bout of speculation that Iran plans to offer oil bonds to citizens in return for hard currency and gold
Hitachi ABB Power Grids to operate in Balkan region
Export revenue of Gazprom Export halved y/y in 1H20
NRG: Bad news, good news
Amid bad news including the explosion in Lebanon and concerns about security at storage facilities in Libya, progress is being made elsewhere, with a licensing round launched in Somalia and a major acquisition announced in Canada.
MDBs provide $61.6bn of climate financing in 2019
MDMs provide $61.6bn of climate financing in 2019
Pakistan begins work on Chinese-funded 4,500-MW Diamer-Bhasha Dam
Pakistan has begun construction of the Chinese-backed 4,500-MW Diamer-Bhasha Dam, after Western interests have failed to offer funding or construction support over the last five years.
Investment in Chinese solar and wind booms ahead of subsidy deadline
Investment in wind and solar is likely to continue booming in 2020, Fitch Rating said, driven by looming connection deadlines to secure wind subsidies.
Russian technology pushes forward nuclear construction at India’s Kudankulam
Indian contractor Larsen & Toubro (L&T) and advisors from Russia’s Rosatom have successfully installed the metal cladding for the reactor pressure vessel in Unit 3 of the Kudankulam NPP.
Lebanon's government resigns amid unrest over port explosion
Tethys provides half-year update
Estonia and Latvia agree to joint development of offshore wind
The governments of Estonia and Latvia have signed a memorandum of understanding to jointly develop an offshore wind farm in the Gulf of Riga that could meet up to 40% of Estonia’s annual electricity consumption.
Trouble looming in Libya
NOC’s chairman warns of risks to Libya's export terminals’ storage facilities, as Egyptian-Greek maritime accord steps up territorial disputes.
Crosswind and Vattenfall to develop Dutch offshore wind
The Netherlands Enterprise Agency (RVO) has announced that Crosswind, a consortium of Shell and the Dutch utility Eneco, has secured the right to develop Hollandse Kust Noord wind farm.
Russia, Argentina moving ahead with joint pipe production plan
Russia and Argentina are moving forward with plans for joint production of steel pipes for oil and gas projects, according to an Argentinian diplomat.
Russia’s Hevel Group constructs Far East solar PV plants
Russian PV manufacturer Hevel Group has begun the construction of several off-grid solar parks in Russia’s Far East.
EnBW’s wind segment pushes up company earnings
German power company Energie Baden-Wuerttemberg (EnBW) has announced that its Renewable Energies segment has doubled its adjusted EBITDA contribution during the first six months of 2020 compared with 2019.
Uzbekistan makes headway at GTL project
Jinko Solar commits to 100% renewables
China’s Jinko Solar has become the latest global company to publish an ambitious green target, committing to being 100% powered by renewables by 2025.
Ugandan refinery construction likely to be postponed again
Uganda’s plan for building a refinery to process crude oil from fields near Lake Albert is likely to face further delays.
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