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Oil sands giants report second-quarter profits
Canada’s leading four oil sands producers have posted profits for the second quarter of 2021, marking a turnaround from losses a year ago.
Russia’s Sibur sees emissions flat amid major growth plan
Russia’s largest petrochemicals producer Sibur aims to complete massive growth plans without additional emissions, according to a comprehensive report on results and sustainability in 2020.
UK can lead the way in hydrogen: Xodus
Castillo begins to reveal new vision for PetroPerú
Peru’s new president wants the national oil company to expand its portfolio and gain control over fuel prices but says it must compete against private sector operators.
HollyFrontier to buy Sinclair Oil, Sinclair Transportation in $2.6bn deal
Refiner HollyFrontier announced this week that it had agreed to acquire fellow Rocky Mountain region refiner Sinclair Oil from the Sinclair Cos.
Callon acquiring Primexx in Delaware Basin boost
Callon Petroleum announced this week that it had agreed to acquire all of the leasehold interests and associated oil, gas and infrastructure assets of Primexx Energy Partners and its affiliates for $788mn.
Court orders further regulatory analysis on two Texas LNG projects
The US Circuit Court of Appeals for the DC Circuit ruled this week that the environmental analyses supporting regulatory approvals for two proposed Texas-based LNG export projects were deficient.
Eurohold Bulgaria offers €112mn for remaining 33% stakes in CEZ Distribution, CEZ Electro
Import of fuels in Albania reaches historic level
Russia's Hevel, RusHydro propose more green energy
Work resumes on bypass lines for SOTE and OCP systems
The operators of Ecuador’s two main oil export pipelines have restarted work on bypass lines near San Luis, a settlement in Napo Province, after being delayed by protests last month, according to Petroecuador.
Ecopetrol aims to launch pilot project for green hydrogen production next year
Colombia’s national oil company Ecopetrol has announced plans to launch a pilot project for green hydrogen production and will also explore options for investment in blue hydrogen.
TotalEnergies says Libra group has made FID on Mero-4 project
France’s TotalEnergies and its partners in the Libra consortium have made a final investment decision (FID) on the development of the fourth phase of Mero, an oilfield within the deepwater offshore Libra block.
Pakistan justifies expensive LNG purchases
The Pakistani government has been forced to defend expensive spot LNG cargoes amid a firming of international gas prices.
CFE, TC Energy strike deal on construction of new gas pipeline
Mexico’s national power provider CFE said earlier this week that it had struck an agreement with TC Energy (Canada) on the construction of a new natural gas pipeline in the southern part of the country.
Mexican government will review Pemex’s pledge to preserve refinery construction site
Mexico's president has said his government will review the promises made by the national oil company Pemex to refrain from developing an area that includes the site where the Dos Bocas refinery is being built.
Hardline cleric Raisi sworn in as Iran’s president
Guest list and inauguration speech indicate Tehran will make serious move to negotiate reinstatement of 2015 nuclear deal. First presidential in-tray will be weighed down by multiple unresolved crises.
RdK appears pessimistic about negotiations with CORC
RdK, the government-run operator of Curaçao’s only oil-processing plant, appears to be pessimistic about its chances of striking an agreement with the Curaçao Oil Refinery Complex (CORC) consortium on the sale of its assets.
CADE agrees to push back deadlines for sale of three Petrobras refineries
Brazil’s national oil company (NOC) Petrobras said last week that it had reached an agreement with CADE, the government’s anti-trust agency, on new extensions of the deadlines for sale of three refineries.
Equinor, TotalEnergies exit JV with PdVSA
Norway’s Equinor and France’s TotalEnergies have divested their minority stakes in Petrocedeño, a joint venture formed to upgrade extra-heavy crude oil from the Orinoco Belt area in Venezuela.
Eni strikes oil at Sayulita field
Italy’s Eni has found oil in Sayulita-1 EXP, an exploration well drilled at the Sayulita prospect within Block 10, which lies within the Cuenca Salina/Sureste basin offshore Tabasco State.
TotalEnergies, Apache report another discovery at Block 58
TotalEnergies (France) and Apache (US) have made their fifth discovery at Block 58 offshore Suriname.
Egypt, Russia sign nuclear agreements to dispel delay fears
Egypt’s Nuclear Power Plants Authority and Russia’s Rosatom have signed some of the first technical agreements for the construction of Russian VVER 1200 reactors for Egypt’s Dabaa nuclear power plant (NPP).
US and G7 aim to invest in $80bn in African development
The US has confirmed its commitment to support the G7’s goal of investing $80bn in Africa’s private sector to help end the COVID-19 pandemic and spur sustainable growth, with climate mitigation and vaccine development at the top of the list.
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