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Woodside secures CNH’s approval for Trion FDP
Australia’s Woodside Energy has secured regulatory approval for its plan to develop Trion, an ultra-deepwater site located off the coast of the Mexican state of Tamaulipas.
Fire disrupts operations at Marathon refinery in Louisiana
A fire broke out at a refinery operated by Marathon Petroleum in Garyville, Louisiana last week, resulting in the facility’s operations being disrupted.
Pakistan's caretaker Finance Minister rejects hopes of relief in power bills, citing fiscal constraints
IMF: Africa's fragile states are greatest climate change casualties
Climate change poses grave threats to countries across Africa – but especially fragile and conflict-affected states. As the continent’s leaders converge on Kenya for the African Climate Action Summit, it is vital that they come up with solutions
Chinese firm Canmax invests $6.3mn more in Zimbabwe-focussed lithium miner Premier African Minerals
China eyes cheaper Iranian crude as Russian discounts dry up
With rising prices seen on Russian crude imports of late, speculation is rife in East Asia that authorities in Beijing will soon give the nod to increased imports of Iranian crude in the coming months.
Milei’s plans for YPF
Libertarian Javier Milei’s surprise win in Argentina’s August 13 primary elections raises questions about whether the government will retain control of the NOC.
ExxonMobil says world will fail to meet Paris goal in 2050
Oil supermajor ExxonMobil says that the world will fail to meet the Paris Agreement goal to keep global warming below 2 degrees Celsius by 2050.
BP investment decision on Australia green hydrogen hub in 2024
Oil and gas supermajor BP will make a final investment decision on the H2Kwinana project in Australia in 2024. This comes as the company has completed its concept development study on the green hydrogen hub in Western Australia.
Pertamina advances bioenergy development for sustainable energy transition
By harnessing the country's rich natural resources, including sugarcane, corn, cassava and sorghum, Pertamina is spearheading the creation of plant-based fuels to power Indonesia's energy transition.
Google to sell digital maps to solar companies
Web and mapping giant Google expects to earn $100mn in the first year of selling maps to solar companies, according to several news outlets.
Germany’s RWE wins only offshore wind power lease in Gulf of Mexico in disappointing result
The German affiliate RWE Offshore US Gulf won the only lease awarded in the recent auction for offshore wind tracts in the Gulf of Mexico.
Offshore wind primed for rapid expansion in APAC
More than 380 GW of offshore wind capacity worldwide, across 32 markets, is predicted to be added in the next ten years (2023-2032), according to the new 2023 Global Offshore Wind Report.
Argentina boosts annual lithium export target to 400,000 tonnes
Argentinian Mining Secretary Fernanda Ávila revealed that the South American country is set to increase its lithium export target from 34,000 tonnes per year to 400,000 tpy.
Sri Lanka has 56-GW offshore wind potential
Sri Lanka has 56 GW of offshore wind potential, although not all of it will be developed, says a new report by the World Bank.
Ørsted warns of $2.3bn hit to US projects
Ørsted, the Danish offshore wind developer, said that its offshore wind projects off the US East Coast could require impairment charges of up to DKK 16bn ($2.3bn).
Mexico's electric vehicle output to increase by 179% in 2023
Mexico's production of electric vehicles (EVs) is set to rise by 179% in 2023, compared with 2022, according to a report by Mexican consultancy American Industries Group.
Russian petrochemical major Sibur posts $367mn profit in 1H23
The net IFRS profit of Russian petrochemical major Sibur in 1H23 amounted to RUB35.4bn ($367mn), Tass reported citing the company. Sibur's revenue in 1H23 reached RUB490bn ($5bn).
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