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Duterte defends Malampaya gas transaction
Philippine President Rodrigo Duterte on February 4 defended the sale of a 45% stake in the Malampaya gas project to Udenna, which is controlled by his ally, Dennis Uy.
Biden administration pushes on with lease sale plans
The administration of US President Joe Biden is continuing to plan for future federal oil and gas lease sales despite a court ruling in January that invalidated the first lease sale it held.
Jadestone unveils 36% increase in production guidance for 2022
Independent producer Jadestone Energy, which has operations across Southeast Asia and Oceania, unveiled its guidance for 2022 on February 10.
Carnarvon turns attention to Western Australia after Timor-Leste disappointment
Australia’s Carnarvon Energy is turning its attention back to waters offshore Western Australia after declaring the Buffalo-10 well offshore Timor-Leste to be uncommercial.
NCDMB begins training local oilfield service providers in offshore operations
The Nigerian Content Development and Monitoring Board (NCDMB) has launched a training programme for oilfield service providers (OSPs) seeking to expand their capacity to operate in the country’s offshore zone.
NNPC, Sahara Group subsidiary, Edo state build road to serve oil communities
Nigerian National Petroleum Corp. (NNPC) has teamed up with the administration of Edo state and a subsidiary of Sahara Group to build a 16.7-km section of road between Ikpako and Ajoki.
Cenovus reports fourth-quarter loss on one-time charge
Canada’s Cenovus Energy has posted a net loss of CAD408mn ($320mn) for the fourth quarter of 2021, down from a profit of CAD551mn ($433mn) in the third quarter of last year and a loss of CAD153mn ($120mn) in the final quarter of 2020.
Invictus preparing to sign well services contract with Baker Hughes for Cabora Bassa
Australia’s Invictus Energy is gearing up to sign an integrated well services contract with Baker Hughes (US) related to its Cabora Bassa project in Zimbabwe.
Canadian government rejects Quebec LNG project
The Canadian government has rejected GNL Québec’s Énergie Saguenay LNG project. The move follows a rejection from the provincial government of Quebec in July 2021 and could spell the project’s demise.
Canadian oil exports via Gulf Coast reach record highs
Canadian producers are reported to have exported record crude volumes from the US Gulf Coast at the end of 2021 but continue to face some pipeline capacity constraints.
Turkish company Kozuva interested in Serbia wind farm investments
Head of SOCAR steps down
Udokan Copper to cut emissions by 75% by 2035
Russian metallurgical company Udokan Copper announced on February 9 that it may reduce its carbon footprint by up to 75% by 2035.
BP increases gas production from Shah Deniz field by 27% in 2021
Kawa-1 discovery raises questions
Guyana’s first commercial crude discovery beyond the Stabroek block has inspired calls for the creation of a new contract model that is more favourable to the government.
Chevron reportedly in talks with PdVSA
Chevron has reportedly entered into talks with Venezuela’s national oil company PdVSA over the US major’s aim to gain more control over its upstream assets in the South American state.
Liza Unity hook-up nearly complete
ExxonMobil (US) and its partners have nearly finished hook-up procedures for the Liza Unity, the FPSO that will support development operations at Liza-2, an oilfield at the Stabroek block offshore Guyana.
Mexican oil export cuts already affecting India
Mexico’s national oil company Pemex has reportedly slashed crude exports to India since the beginning of the year, in an apparent move to uphold its previously announced goal of making more feedstock available to domestic refiners.
Moody’s analyst says Pemex faces less risk of ratings downgrade in 2022
An analyst for Moody’s Investors Service has said that Mexico’s national oil company Pemex has reduced the risk of another downgrade in its credit rating this year.
SA’s Mantashe defends coal’s role in power generation
The South African government has defended the use of coal in power generation and it plans to develop the country’s coal mines
Egypt issues new call for GERD talks in February
Egypt has issued renewed calls for Ethiopia, Sudan and Egypt to reach a legally binding agreement on the filling and operations of the 6,500-MW Grand Ethiopian Renaissance Dam (GERD) after a year of deadlock.
Richards Bay coal exports fall in 2021
South Africa’s Richards Bay Coal Terminal (RBCT) exported 58.72mn tonnes of coal in 2021, the lowest total since 1996 and 11mn tonnes less than in 2020.
China approves new $1.1bn Liuheng coal-fired power plant
The eastern Chinese province of Zhejiang has approved the construction of a new 2-GW coal-fired power plant at a cost of $1.10bn, state-owned Zhejiang Energy Group said on February 8.
India ponders pioneering coal exports
India could begin coal exports to Bangladesh, Nepal and Bhutan as part of the government’s efforts to counter China’s economic influence in South Asia.
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