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AfrElec: South Africa extends grid access rights to Karpowership, Mulilo for emergency power procurement
SBM Offshore’s FPSO Sepetiba on its way, two more being built
SBM Offshore says the three FPSO vessels ordered by Petrobras are on track to be delivered as expected. The FPSO Sepetiba is on its way, and construction of the FPSO Almirante Tamandare and the FPSO Alexandre de Gusmao is progressing on time.
Petrobras to install its first fully electric FPSO in Espiritu Santo in 2025
Petrobras will install its first floating production, storage, and offloading vessel with fully electrified combined cycle systems in the Jubarte field off the coast of Espiritu Santo in 2025.
CEZ income surge constrained by special taxes and levies
Czech power group confirmed its forecast for the full year earnings to drop by at least half y/y because of the levy and windfall tax.
Invictus Energy mobilises rig for appraisal well in Zimbabwe, completes 2D seismic data acquisition
SolarAfrica, Starsight Energy merge to enhance renewable energy solutions across Sub-Saharan Africa
Leading LNG player Qatar, key market Europe shun each other
The ramifications of heightened energy prices and the prevailing energy crisis have reshaped LNG contract preferences, favouring longer-term deals. This trend is not limited to certain players but applies to Qatar in particular.
EU gas prices soar 40% on August 9 amid Australian supply fears
European natural gas prices saw a remarkable surge of nearly 40% on August 9, driven by growing fears of disrupted LNG supply from Australia. This unforeseen development rattled traders, who were banking on further declines in gas prices.
United signs deal on sale of UK Maria find to Quattro
UK-based oil and gas firm Quattro Energy has mutually agreed with United Oil & Gas to extend the long stop date for the acquisition of United Oil & Gas' licence in the Central North Sea, the companies said this week.
Neptune slashes guidances amid "increasingly volatile" commodity prices
Neptune Energy has slashed its guidance for investment, production and cash flow this year, with its CEO warning of “increasingly volatile” commodity prices that are expected to bite into company margins.
Norway approves Snovhit Future project
Norway’s state-owned oil company Equinor and its other partners in the Snohvit gas development in the Barents Sea have received the green light from the Norwegian government to proceed with the Snohvit Future project.
Germany needs to improve gas supply security to face four risky winters, storage operating group warns
Germany should do more to bolster its gas supply security for the next four winters considering its loss of Russian pipeline exports in 2022, the country’s gas storage operators group INES said on August 10.
DMEA: King Abdullah Port reduces ship waiting times
Report says Kazakhstan planning to extend ban on LPG exports
Down $18bn, Aramco still posts $30bn in Q2 profit
Saudi Aramco’s profits took a beating amid a major drop in oil prices, but the company still performed favourably enough to dole out an additional $9.9bn dividend.
Colombia’s Ecopetrol announces new hydrocarbon discovery
Colombian energy company Ecopetrol announced a new hydrocarbon discovery in Orito, Putumayo on August 10. Ecopetrol said that the Alqamari-2 exploratory well confirmed the presence of hydrocarbons.
All lower Sava HPPs in Slovenia reactivated following floods
Guyana passes new oil law
Guyana’s Parliament has passed a new oil law to replace the Petroleum (Exploration and Production) Act, which has been in effect since 1986.
Industry trends help reinforce Nigeria’s deal with Golar LNG
NNPCL’s increasing interest in FLNG projects is in line with global LNG operators’ flagging interest in onshore LNG plants.
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