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Wintershall Dea suffers widened 2020 losses but boosts output
Equinor prepares to decommission Norwegian field
ExxonMobil, Neo clinch North Sea sale deal
Venezuela ‘shipping jet fuel to Iran in return for vital gasoline imports from fellow sanctioned nation’
Floating offshore set to be the next game-changer in Asia
Floating offshore could be the next frontier in wind power development in Asia-Pacific, said Wood Mackenzie, with capex costs set to fall by 40% to average $3mn per MW by 2025-2030.
GE Renewable Energy to build wind farm in Lâm Đồng Province in Vietnam
GE Renewable Energy is to install 15 units of its 4MW-137 wind turbines to the Cau Dat wind farm in Vietnam’s Lâm Đồng Province.
India’s green growth is not enough
India’s solar and wind growth is not fast enough to meet the government’s capacity targets
Brazzaville kicks off ambitious refinery project
Russia could tie dividends to climate damage
Bids received for Aramco pipeline stake lease
Bangladesh to drop 7,500 MW of proposed coal power projects
The Bangladeshi government has decided in principle to scrap 7,461 MW of proposed new coal power capacity at nine sites around the country after widespread criticism from both domestic and global environmental groups.
Energy storage market forecast to double 2021
The global energy storage market is targeting record expansion in 2021, with annual installations set to break through the 10-GW barrier for the first time.
Scatec, Nizam Energy close financing for Pakistan’s 150-MW Sukkur solar project
Norwegian renewable developer Scatec and local partner Nizam Energy have secured a $100mn financial closure for the 150-MW Sukkur solar project in Pakistan’s Sindh Province.
Algerian president appoints new oil minister
Algerian President Abdelmajid Tebboune has appointed a new oil minister to his cabinet, replacing Abdelmajid Attar with his predecessor, Mohamed Arkab.
Former VP urges Nigeria to authorise full privatisation of refining sector
Atiku Abubakar, the former vice-president of Nigeria, has urged the government to adopt plans for full privatisation of the country’s oil-refining sector.
Barriers to Vaca Muerta gas development
Three industry experts speak to NewsBase about Argentina’s prospects for stepping up work at its vast unconventional gas fields in the Vaca Muerta basin.
Angolan MPs give green light to exploration work in onshore basins
Members of Angola’s National Assembly have voted to lift a ban on oil and gas exploration in two environmentally sensitive onshore basins.
Angolan president authorised to offer special incentives for Cabinda refinery project
Angolan legislators have voiced strong support for the government’s plans to reduce the country’s dependence on imported petroleum products.
Chariot, Predator eager to move forward with gas projects in Morocco
Two British companies – AIM-listed Chariot Oil & Gas and Jersey-based Predator Oil & Gas – have announced plans to move forward with a natural gas scheme in Morocco.
NCDMB takes 30% transitional stake in modular refinery
Nigeria’s National Content Development Monitoring Board (NCDMB) is investing in a small-scale oil-refining project led by a local company, Waltersmith Petroman Oil Ltd.
Hidroelectrica becomes Romania's most profitable company ahead of potential IPO
Hidroelectrica replaced oil and gas group OMV Petrom as the country's most profitable company, reporting a 5% rise in net profit to almost €300mn in 2020.
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