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Novatek eyes CCS
Egypt’s GUPCO allocates $562mn to invest in new and existing oilfield facilities in 2021
Venezuelan sanctions to stay in place
A White House official has indicated that the Biden administration will not make any major changes with respect to Venezuelan sanctions in the near future.
Head of PAE comments on Vaca Muerta gas prospects
Marcos Bulgheroni, the CEO of Argentina’s Pan American Energy (PAE), has said that export-oriented investments and supportive policy will help facilitate the development of unconventional gas resources in the Vaca Muerta shale basin.
Brazilian MPs set to vote on bill allowing third-party gas pipeline access
The lower house of Brazil’s National Assembly was slated to vote earlier this week on legislation permitting third parties to access the natural gas pipeline network, which has been under the monopoly control of state-run Petrobras.
Cenagas resumes gas deliveries to Braskem Idesa’s Etileno XXI
Cenagas, the state-owned operator of Mexico’s natural gas pipeline system, has resumed deliveries of natural gas to Braskem Idesa (BI), the Brazilian-Mexican joint venture that owns the Nanchital petrochemical complex in Veracruz State.
Uruguay’s ANCAP hopes to diversify into green hydrogen production
Uruguay’s national oil company (NOC) ANCAP has said it wants to diversify its business by investing in green hydrogen production.
Port of Spain rejects OWTU subsidiary’s bid for Petrotrin refinery
Colm Imbert, the finance minister of Trinidad and Tobago, confirmed last week that the government was rejecting the bid made by a local trade union for the Petrotrin oil refinery in Point-a-Pierre, along with associated port facilities.
Fossil fuels’ future role in the spotlight
The future role of fossil fuels in a decarbonising world was being examined at the CERAWeek by IHS Markit conference this week.
Ecopetrol head comments on ISA bid
The head of Colombia’s national oil company (NOC) Ecopetrol has defended his company’s decision to submit a bid for a 51.4% stake in Interconexion Electrica SA (ISA), the country’s electricity transmission system operator (TSO).
Guyanese company to provide fabrication services for Properity FPSO
Guyana’s Industrial Fabrications (InFab) is one of two local companies that had won contracts from SBM Offshore for fabrication services on the Prosperity floating production, storage and off-loading (FPSO) vessel.
Financial analyst says pipeline for Guyana’s GTP project may cost more than $1bn
Joel Bhagwandin, a financial analyst for JB Consultancy & Associates, says Guyana’s government might have to spend more than $1bn on a pipeline that will allow the country to use domestically produced natural gas for electricity generation.
Pemex reports profit in Q4-2020
Mexico’s national oil company (NOC) Pemex revealed last week that it had turned a profit again in the final quarter of 2020, marking its second consecutive quarterly gain.
Disputes over fuel pricing simmering in Brazil
The dispute between Brazil’s President Jair Bolsonaro and the national oil company (NOC) Petrobras over prices for diesel and other petroleum products appears to be ratcheting up.
Eskom board supports de Ruyter in procurement scandal
The Eskom board of directors has reiterated its support for CEO Andre de Ruyter and his management team after the suspension of chief procurement officer Solly Tshitangano.
Ethiopia, Egypt and Sudan again fail to agree on future GERD talks
Ethiopia, Egypt and Sudan are again at loggerheads over the construction of the Grand Ethiopian Renaissance Dam (GERD), with Ethiopia opposing Egypt and Sudan’s current proposals to give stronger roles to the US, the EU and the UN.
Africa adds 821 MW of new wind capacity in 2020
Wind expansion in Africa and the Middle East dipped in 2020, as the continent fails to utilise the full potential of wind power.
EDF buys into BBOXX, Econet Energy Kenya
EDF has bought a 23% stake in Kenyan off-grid and solar kit provider BBOXX and 50% of industrial solar energy provider Econet Energy Kenya, as the French utility widens its recent renewables growth across the continent.
Oil sands on the rebound
Rising crude-by-rail exports and a shrinking budget deficit for Alberta point to improved market conditions for the province’s oil sands, though other obstacles remain.
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