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SOFAZ transferred almost half the forecast annual transfers to the state budget in 1H23
MEOG: Iraq’s IDC provides drilling update
Gemcorp obtains $335mn loan for Cabinda refinery
UK-based Gemcorp Holdings has fulfilled requirements to obtain a $335mn loan for Angola’s Cabinda refinery project located 30 km north of the country’s capital on the Malembo plain.
Croatian opposition MPs leave Parliament, seek emergency session over HEP scandal
Almost all opposition MPs left the Croatian parliament on July 14 and urged the ruling coalition to call an emergency session to discuss the scandal with HEP's sale of gas at below market prices, as well as a judicial workers' strike.
DMEA: Iran to launch Gachsaran petrochemical plant
Korean SMR industry given a major public-private boost
When President Yoon Suk Yeol of South Korea took office in early 2022, in part on the back of a pro-nuclear campaign, few thought the reversal in fortunes of nuclear power after being swept aside by the previous administration would be so immediate.
Chinese coal output to guarantee nationwide safety net
The world’s largest coal power generator by volume, China Energy Investment Corporation (China Energy), announced this month that it had recently increased mining capacity in a bid to guarantee a stable supply of electricity across the country.
Taiwan electronics giant makes belated moves to go green
Often dubbed the world's ‘largest technology manufacturer’, Taiwan’s Foxconn is finally making moves towards improving its own green footprint, both inside and outside the country, according to reports.
West African waters become key destination for tankers involved in Russian oil transfers
Africa’s western coastal zone has seen a significant uptick this year in illicit ship-to-ship (STS) transfers of crude oil from Russia.
Myanmar power plans hit by sudden closure of Chinese-backed plant
Just months after first coming online as part of testing prior to full commercial operations, a Chinese-backed power plant in Myanmar has suddenly shut down and is no longer generating power, sources in the country say.
Angola, DR Congo sign agreement on joint development of offshore Block 14
Angola and the Democratic Republic of Congo (DRC) signed an agreement on joint development of Block 14 on July 13 in Kinshasa.
AfrElec: World Bank project connects 31,000 households to Malawi power grid since February
London-based Carbon Trade Exchange to support creation of carbon-offset registry in Zimbabwe
Ghana’s opposition call for scrapping controversial lease of Tema Oil Refinery (TOR) to Torentco
South Africa needs effective carbon pricing policies to meet climate mitigation goals, researchers say
More than 75% of oil, gas production in US Gulf has lower than average GHG intensity – new analysis
More than three-quarters of oil and gas production in the US Gulf of Mexico exhibits lower greenhouse gas intensity compared to the US Gulf-wide average. This is according to a new analysis by S&P Global Commodity Insights.
NextDecade to proceed with $18.4bn Texas LNG project
NextDecade Corp. has made a positive final investment decision to construct the first three liquefaction trains (Phase 1) at the company’s 27mn tpy Rio Grande LNG (RGLNG) export facility on the US Gulf Coast.
Pinnacle adds processing capacity in Midland basin
Pinnacle Midstream II is expanding its Dos Picos system and processing complex with the construction of an additional natural gas processing plant, Train II. The Dos Picos complex is in the Midland basin in west Texas, in the Permian.
Egypt produces first domestically manufactured drilling rig
State-owned Egyptian Drilling Company took delivery of the first made in Egypt onshore drilling rig manufactured by Egyptian Petroleum HH Rig Manufacturing in Ain Sokhna port at the mouth of the Gulf of Suez on the Red Sea.
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