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Orlen confirms purchase of Kuwait Foreign Petroleum Exploration Company in $445mn deal
PGNiG Upstream Norway, a part of the Orlen Group, has signed an agreement to acquire a 100% stake in the exploration company KUFPEC Norway, a subsidiary of Kuwait Foreign Petroleum Exploration Company, Orlen said on November 20.
Slovenia’s NPP Krsko resumes operation after repair work
Iran carrying out 19 projects to eliminate gas flaring
Iran has launched 19 short-term and long-term projects to collect associated petroleum gas (APG) to put an end to gas flaring, the Iranian Oil Ministry’s environment chief said.
Political turmoil in Iran's oil sector as minister's potential resignation sparks controversy
Speculation over the potential resignation of Iran's Oil Minister, Javad Owji, has intensified in recent days, with key allegations of corruption and resistance against President Ebrahim Raisi's directive for the removal of two senior oil directors.
Pakistan, Iran to resume talks over stalled gas pipeline
Pakistan and Iran will resume discussions in the forthcoming weeks to revive a troubled gas pipeline project, amid a looming deadline that could cost Islamabad billions of dollars in penalties.
Saudi Aramco makes Empty Quarter gas discoveries
Saudi Arabia’s energy minister has announced the discovery of two new gas fields in the Rub’ Al Khali (Empty Quarter), the vast desert that covers most of the kingdom’s eastern province.
Iran completes pilot shale oil extraction project
National Iranian Oil has successfully completed a pilot project to extract crude from shale oil reserves, according to the company's head of exploration, Mehdi Fakour.
President of Iraq arrives on first official visit to Azerbaijan
The president of Iraq, Abdel Latif Rashid, has begun an official visit to Azerbaijan. He and his Azeri counterpart, Ilham Aliyev, have discussed oil exports through the OPEC+ consortium and other frameworks for exports.
Turkmenistan ready to ramp up gas exports to Iran, foreign minister says
Turkmen Foreign Minister Rasit Meredow signalled his country’s willingness to expand natural gas export to Iran, three days after Iranian Oil Minister Javad Owji hinted at ongoing talks for a “bigger” swap deal.
MODEC announces first steel cut for Guyana-bound FPSO
FPSO leasing firm MODEC announced on 16 November that the first steel-cutting ceremony for the Guyana-bound FPSO Errea Wittu had been held in China.
AsiaElec: The Philippines eyes nuclear power at a time of heightened regional tensions
The Philippines eyes nuclear power at a time of heightened regional tensions
Manila Electric Company, the Philippines' largest electric distribution utility, has entered into a collaboration with Ultra Safe Nuclear Corporation from the US to explore the potential deployment of micro-modular reactor energy systems.
Taiwan commits $126mn to accelerate hydrogen power production
In a bid to advance domestic hydrogen power production, Taiwan’s Executive Yuan has approved a budget of $125.6mn for a two-year project.
Nigeria launches $500mn RIPLE project for sustainable energy growth
China’s CNNC now overseeing work at 10 new nuclear power plants
China National Nuclear Corporation has announced the start of construction of the nuclear island at unit 1 at the Xudabao nuclear power plant.
Iran ready to invest more to step up electricity supply to Pakistan
Iran is ready to invest in expanding an electricity line for transmitting power to neighbouring Pakistan, Energy Minister Ali-Akbar Mehrabian said.
Kenyan opposition leader calls for energy, treasury ministers’ resignation over 'corrupt' oil import deal
KSE: Bold measures are needed as Russia’s oil is slipping beyond G7 reach
Russia has successfully dodged the $60 oil price cap sanctions. Bold action needs to be taken to make sure the rule is enforced.
Sun Africa to invest $2.2bn in Nigerian power infrastructure
Nigeria considers reviving huge OPL 245 block
Nigeria’s federal government is considering reviving Oil Prospecting Licence 245, one of Africa's richest oil blocks, in a bid to ramp up domestic oil production.
Zambia power utility Zesco pays $600mn of $1.7bn debt, unveils plans to build $89mn solar project
Expert warns against power wheeling scheme, emphasises the need for PLN control in Indonesia's power sector
Sofyano Zakaria, the Director of the Centre for Public Policy Studies, has raised concerns over the proposal to introduce the power wheeling scheme, allowing private entities to utilise PLN's electricity transmission network
South Africa’s government complicit in crime at Eskom, retired police brigadier claims
A retired police officer has told South African Parliament’s public spending watchdog that the government was complicit in criminal activities at the state-owned power utility Eskom.
Power Player Profile: Marcus Nemadodzi, South African power station Arnot general manager
Marcus Nemadodzi, general manager at Arnot power station in Middleburg, South Africa, believes the turnaround in his station’s performance is already under way.
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