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Russian gas revenues slump 40% m/m in June amid Gazprom supply cuts
Russia saw its revenues from natural gas exports slump 40% month on month in June, highlighting the self-inflicting damage that Gazprom’s recent cuts in gas supply to Europe are doing to Moscow’s coffers.
Elixir Energy announces MoU with SB Energy to progress Gobi H2 green hydrogen project in Mongolia
South Africa utility Eskom welcomes President Ramaphosa's strategy to boost national energy security
European gas exceeds $2,200/1,000 cubic metres for the first time since March
Dutch TTF hub gas prices rose to €202/MWh, or c$2,200 per 1,000 cubic metres, on July 26, as flows from Russia’s Nord Stream pipeline were curtailed from 67 mcm per day at the beginning of the week towards a stated target of 33 mcm per day.
Ukraine appeals to US for gas supply
Ukraine requested gas from the US as the country prepares for its “most difficult winter”, the Kyiv Independent reported on July 27.
Naftogaz to propose new agreement with investors "immediately", having defaulted on bond payments
Ukraine’s national gas company Naftogaz has slipped into default after failing to negotiate a payment freeze with bondholders. As a result, the company will propose a new agreement immediately, according to a statement published by Naftogaz
Strong hydrocarbon production in MENA region is supporting rapid economic growth – Capital Economics
Tenaris wins Búzios contract from Petrobras
Brazil’s national oil company Petrobras has awarded a four-year contract to Luxembourg’s Tenaris for the provision of products and services that will be used for the Búzios deepwater project.
Guyana’s oil revenues likely to top $1bn this year, Rystad Energy says
Research by Rystad Energy indicates that Guyana’s oil revenues are likely to exceed the $1bn mark this year and could surge to $7.5bn per year by 2030.
Echo Energy Plc says gas-fired generators secured for three fields in southern Argentina
AIM-listed Echo Energy and Argentina's Roch have signed a long-term contract for the provision of gas-fired generators that will be used at their fields in the Austral basin.
Off-the-scale wildfire devastates Czech Republic’s Bohemian Switzerland National Park
Hundreds of firefighters have for five days battled worst fire in country’s modern history.
Tajikistan expects greater electricity grid stability from plug-in to Central Asian Power System
GE Renewable Energy loss widens, profit outlook dim
In the second quarter, GE Renewable Energy’s losses widened, while the company says it “no longer expects a step-up in profit in Renewable Energy in the second half” of 2021.
US climate envoy warns PM contenders in UK to keep 2050 net-zero target
US climate envoy John Kerry has warned the two UK prime minister contenders to stick to the country’s target of net zero by 2050. Foreign Secretary Liz Truss and ex-Chancellor of the Exchequer Rishi Sunak are vying to lead the Conservatives.
American Clean Power: more than 32 GW of clean energy projects in US delayed
Clean energy deployment in the US slowed substantially in the second quarter as policy headwinds, economic factors facing the industry, and trade issues hit project development and increased the backlog of new project delays, says ACP.
First Solar, Akuo in 500-MW global supply agreement for advanced thin-film modules
First Solar announces that Akuo has placed an order for 500 MWDC of thin-film photovoltaic (PV) solar modules.
SSE, Equinor begin installing Dogger Bank foundations
A significant milestone has been reached for the world’s largest offshore wind farm as the first wind turbine foundation works begin. The project, Dogger Bank, will have 277 turbines.
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