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Leo Lithium secures $137.2mn investment from China's Ganfeng to boost Mali mining project
Guyana wraps up first licensing round for 14 offshore oil blocks
Guyana’s National Procurement and Tender Administration Board has closed the country’s first-ever offshore licensing round, involving the sale of 14 offshore oil blocks. The auction drew interest from six bidding groups, including ExxonMobil.
Malawi-focused rare earths explorer Mkango Resources unit invests in magnet recycling in US
AfDB earmarks $104mn for Eastern Ethiopian power supply network revamp
State subsidies push Hungary’s MVM back into the black
Azerbaijan increased gas exports from Shah Deniz by 8% in January-August
US singles out Turkey with latest war sanctions package
Ankara gets a poke in the eye as Washington launches new attempt at hobbling Putin’s war machine by targeting technology shipments and financial channels.
Canadian Natural says Trans Mountain expansion start-up will be delayed
Canadian Natural Resources expects the Trans Mountain expansion project to be delayed until the second quarter of next year, or even later.
Diamondback, Five Point partner on independent water infrastructure platform in Midland basin
Diamondback Energy and Five Point Energy, a private equity firm, have formed a joint venture, Deep Blue Midland Basin.
Vital Energy expands in Permian
Shale driller Vital Energy has agreed to purchase $1.165bn of assets in the Permian Basin of west Texas and New Mexico.
Ecuador secures IDB financing to hire auditor to help put state Petroecuador's financials in order
Ecuador has secured financing from the Inter-American Development Bank to hire an international auditing firm to assist in putting state oil company Petroecuador's financials in order.
India launches Global Biofuel Alliance at G20 gathering
Indian Prime Minister Narendra Modi launched the Global Biofuel Alliance (GBA) in New Delhi on 9 September during the G20 Summit with the support of the US, Brazil, Italy, Singapore, Bangladesh, Argentina, Mauritius and the UAE.
Indian blackouts demonstrate a lack of foresight by New Delhi
New Delhi is in the process of searching for more LNG in a bid to alleviate socioeconomic turmoil brought about by ongoing blackouts in some areas.
PGNiG eyes operatorship of Barents Sea CO2 storage licence
PGNiG, a subsidiary of Poland’s ORLEN Group, has set its sights on operatorship of the only CO2 storage licence to be awarded in the Norwegian Barents Sea, after signing a letter of intent to team up at the project with current operator Horisont
Ithaca to assume full control of UK's Cambo field
EnQuest blames UK windfall tax for H1 loss
The head of UK oil producer EnQuest has blasted the impact of the country’s windfall tax on oil and gas profits, blaming the policy for the loss it sustained in the first half.
Environmentalists oppose EXIM support of Papua LNG project
A group of 27 civil society and environmental conservation groups from across the Asia-Pacific, the US and Papua New Guinea have written to the US Export-Import Bank in Washington to “reject” the Category A Papua Liquefied Natural Gas Project.
Bangladesh to purchase two LNG cargoes on the spot market
Bangladesh’s state-run energy company Rupantarita Prakritik Gas Company Ltd (RPGCL) has revealed it will purchase two cargoes of LNG in September and October.
Duqm oil refinery approaches completion
Saudi Arabia, India speed up development of West Coast Refinery Project
Crown Prince Mohammed Bin Salman of Saudi Arabia and Indian Prime Minister Narendra Modi agreed on a state visit to establish a joint taskforce to expedite development of the $50bn West Coast Refinery Project, facilitating a further $100bn in funding
Kuwait to increase role of local contractors in output expansion
Kuwait is looking to raise the profile of domestic oil services firms as part of efforts to raise oil production capacity in the country.
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