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Iberdrola buys PNM Resources to create new US green utility giant
Spain’s Iberdrola has bought New Mexico-based PNM Resources in a deal that creates the third largest renewables generator in the US with 10.9 GW of capacity.
Serbia, Bosnia to launch construction of Buk Bijela HPP in 2021
Solar to drive 58% growth in Asia-Pacific renewables by 2025
Renewable capacity in the Asia-Pacific region is set to rise by 60% to 815 GW by 2025, with solar power surpassing wind as the main driver of growth.
BayWa r.e. to develop pioneering SinneWetterstof hydrogen pilot project in Netherlands
German green developer BayWa r.e. and its Dutch subsidiary GroenLeven aim to build the SinneWetterstof hydrogen pilot project together with Dutch grid operator Alliander.
Lithuania’s TSO Litgrid gets shareholder endorsement for €17mn NordBalt repair contract
SPA appoints new directors to ensure regional representation
The Somali Petroleum Authority (SPA), a new agency established by the federal government to oversee the hydrocarbon industry, is working to ensure that all regions of the country are represented within its governing structures.
Pirates seize LNG tanker from Punta Europe LNG terminal
An LNG tanker has been seized by pirates off the coast of Equatorial Guinea, according to Dryad Global, a UK-based maritime security firm.
Libyan oil output hits 500,000 bpd mark
Libyan crude oil output has continued to rise over the last week, reaching 500,000 bpd.
NOCK facing major financial woes
The National Oil Corporation of Kenya (NOCK) is struggling to remain afloat amidst serious financial troubles, according to local press reports.
Gabon sees oil production sinking slightly in next fiscal year
Gabon’s government is reviewing a budget bill that anticipates a decline in domestic crude oil production.
World Bank, partner states to help fund Sudan’s fuel price reforms
The World Bank has offered Sudan’s transitional government a grant of $200mn to support efforts to reform the economy, including the energy sector.
Bank of Mozambique publishes plan for establishing gas fund
Mozambique’s central bank has publicised its plan to set up a new sovereign wealth fund for future earnings from natural gas and LNG projects.
NNPC pledges to ensure oil supplies to Ibigwe modular refinery
Nigerian National Petroleum Corp. (NNPC) has pledged to ensure reliable deliveries of crude oil to the new modular refinery that Waltersmith Petroman Oil is building at the Ibigwe oilfield in Imo State.
Philippines lifts upstream moratorium in disputed waters
The Philippines has lifted a six-year moratorium on exploration in disputed waters of the South China Sea in response to growing concerns over the country’s future energy security.
Naftogaz cancels new bond placement
Azerbaijani-owned sole major Turkish petrochemical producer Petkim affirmed at ‘B’ by Fitch
Valeura Energy selling conventional gas production business in Turkey to UK-based TBNG
Ukraine's Naftogaz postpones eurobond placement
NRG: Challenges ahead
Certain developments in recent days illustrate the scale of ongoing challenges for the oil and gas industry, but various players are forging ahead undeterred.
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