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Venezuela reports impressive gains in oil production
Venezuela has reportedly succeeded in pushing its crude oil production up significantly in the last two months of 2021, thereby recovering from the record low recorded the previous year.
ExxonMobil strikes oil again at Fangtooth, Lau Lau fields
US-based ExxonMobil reported on January 5 that it had made two additional discoveries at Stabroek, a block offshore Guyana that is already known to contain more than 10bn barrels of oil equivalent.
Pemex signals support for AMLO’s plan to phase out oil exports by end-2023
Mexico’s national oil company Pemex has signalled that it will back President Andres Manuel Lopez Obrador’s plan to halt crude oil exports by the end of next year.
Shale assets change hands
A number of transactions involving shale oil and gas assets have been announced or completed over the past few weeks.
NextDecade delays Rio Grande FID until second half of 2022
US-based NextDecade has pushed back a planned final investment decision on its Rio Grande LNG project in Texas again, this time until the second half of 2022.
Sycar secures supply deal for Jambeli LNG with Colon LNG Marketing
US-based Sycar revealed late last month that it had secured a source of LNG for the import terminal it intends to build at Bajo Alto, a sheltered port in Ecuador’s southern El Oro province.
Gazprom sharply reduces gas flow through Ukraine while Ukraine's ambassador to Germany states Nord Stream won't be launched soon
Gazprom sharply reduces gas flow through Ukraine, while Ukraine's ambassador to Germany states Nord Stream won't be launched soon
EIB disburses tranche of €210mn loan to Romania’s Electrica
The US will assist Ukraine in stabilising the supply of nuclear fuel and other energy resources
The US will assist Ukraine in stabilising the supply of nuclear fuel and other energy resources
Ukraine coal reserves increase, coal regions to be transformed this year
Ukraine coal reserves increase, coal regions to be transformed this year
Turkey’s Botas ‘seeking $2bn loan’
Ethiopia aims to begin generation at GERD in January
Ethiopia expects to begin test generation from the first two 350-MW units at the Great Ethiopian Renaissance Dam (GERD) within days, local media reported.
Mozambique seeks consultants for first floating solar farm
Mozambique’s state-owned power company Electricidade de Mocambique (EDM) is seeking consultants to help develop the country’s first floating solar farm.
Morocco-UK power link gains new director
Former Rolls-Royce chairman Ian Davis has been appointed to the board of UK-based Xlinks, which is promoting a 3,800-km subsea transmission cable from Morocco to the UK.
JAEA, Mitsubishi Heavy to develop new generation of US fast reactors
The Japan Atomic Energy Agency (JAEA) and Mitsubishi Heavy Industries are to work with Bill Gates-connected TerraPower to develop a next-generation fast reactor in the US.
Indonesia slaps ban on coal exports to protect power generation at home
Indonesia placed a sudden one-month ban on coal exports on January 1, sending coal prices up across Asia and potentially damaging mining companies’ earnings in 2022.
Kazakhstan upheaval impacts country’s banks, bonds, equities and uranium and oil industries
Banks and stock market remain closed. Sovereign bond yields are hit. Uranium prices surge.
China builds 3.6-GW pumped storage plant to feed Olympics
State Grid Corporation of China (SGC) has opened 3.6 GW of pumped storage hydro capacity that will provide electricity for the Beijing Winter Olympics in February.
BW Ideol teams up with JERA, ADEME to boost floating offshore wind
Norwegian offshore floating wind technology developer BW Ideol has brought in Japan’s JERA and France’s ADEME Investissement to finance offshore wind projects that will use BW Ideol’s patented Damping Pool technology.
TEPCO to receive emergency power supplies as temperatures plummet
Japan’s TEPCO is to receive up to 1.22 GW of emergency power supplies from utilities in other regionals of the country in order to meet rising demand in the Tokyo area as temperatures fall.
KHNP named as sole bidder for procurement of El Dabaa equipment
Rosatom has named Korea Hydro and Nuclear Power (KHNP) as the sole bidder for a contract to procure and build the main turbine islands for units 1-4 of Egypt’s El Dabaa nuclear power plant.
Satellite data to play key role in finding new ways to cut urban emissions
Investing in low-carbon and resilient urban development will play a key role in meeting global climate change goals and cutting city emissions, according to new research from the World Bank
China’s HHI seals jack-up vessel deal for 20-MW wind turbines
China’s Huadian Heavy Industries (HHI) has signed a charter agreement for a jack-up vessel that will be able to install wind turbines of up to 20 MW.
Eni spuds Mlima-1 well offshore Kenya
Eni of Italy has spudded the Mlima 1 well for crude oil and natural gas in Kenya’s offshore Block L 11 A using the Saipem 12000 drill ship.
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