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AfDB to probe Kenya’s Last Mile Connectivity Project
The African Development Bank (AfDB) is to carry out a full audit of Kenya’s Last Mile Connectivity Project after the scheme was hit by accusations of fraud that resulted in China’s Sinotec being banned from further AfDB projects.
Turkey’s Botas ‘reducing Russian pipeline gas purchases and switching to much cheaper Yamal LNG’
AfDB, Clean Technology Fund lend $10mn to kick-start Ethiopian geothermal IPP
The Clean Technology Fund (CTF) is to lend $10mn to Ethiopia’s first geothermal independent power producer (IPP) in a bid to help diversify the country’s energy mix.
Williams to provide Anchor gas transport services
Pipeline operator Williams announced last week that it had agree to provide offshore natural gas transportation services to the Anchor project in the US Gulf of Mexico.
Continental shutting in 70% of May output
Shale producer Continental Resources, which operates in North Dakota’s Bakken play and in Oklahoma’s Anadarko Basin, said in its first-quarter results that it would be curtailing 70% of its operated oil production this month.
Poland gets final approval for Baltic Pipe
Norwegian wealth fund blacklists four Canadian producers
Norway’s $1 trillion sovereign fund said on May 13 that it had excluded four Canadian oil and gas companies from its investment portfolio for producing “unacceptable” levels of greenhouse gas emissions.
Judge upholds Keystone XL ruling
A US federal judge has upheld his previous ruling this week that cancelled a permit covering dredging work for TC Energy’s Keystone XL pipeline.
Chesapeake considering bankruptcy filing
Chesapeake Energy has said in a filing with US securities regulators that it is considering options, including filing for Chapter 11 bankruptcy protection.
Signs of recovery in Latin America’s downstream sector
Refineries in Argentina, Brazil and Colombia are seeing throughput levels rise.
Ecopetrol eyes new storage options
Colombia’s national oil company (NOC) Ecopetrol has joined the ranks of businesses looking for new ways to respond to the global shortage of fuel storage capacity.
Storage tanks at Aruba refinery reportedly drawing strong interest
Aruba’s offer to lease unused storage capacity at Refineria di Aruba (RdA), an oil-processing plant in San Nicolas, is reportedly drawing strong interest.
Shale heavyweights scale back
Leading independent shale producers Pioneer Natural Resources and EOG Resources are among those to announce further cuts to spending after seeing their first-quarter earnings fall.
Nynas gets relief from US sanctions after PdVSA reduces its stake
Venezuela’s national oil company (NOC) PdVSA has reduced its stake in Sweden’s Nynas from 50.1% to 15%.
Iran’s oil minister says pandemic means country’s gasoline stockpile is at “unprecedented historic level”
Premier's North Sea deals on the rocks
LNGL sells Magnolia LNG after appointing administrators
Australia-based LNG Ltd (LNGL) has sold its proposed Magnolia LNG project in Louisiana, on the US Gulf Coast.
Trafigura shifts oil trading operations from Shandong to Shanghai
International commodity trader Trafigura is reportedly planning to move its crude oil marketing operations from Qingdao in Shandong Province to its commodities desk in Shanghai.
Hess turns to VLCCs for temporary storage
US independent Hess announced last week that it had chartered three very large crude carriers (VLCCs) to temporarily store a combined 6mn barrels of its production from the Bakken play.
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