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Starsight Energy enters Tanzania ahead of SolarAfrica merger, eyes East African expansion
€4bn Neptun Deep offshore gas project in Romania officially set for completion in 2027
Field is expected to cover most of Romania's gas consumption of around 12 bcm of gas per year and create significant export potential.
Bank analysts more upbeat on Petrobras share price projections as Lula clarifies policy agenda
Several major global banks have upgraded share price projections for Brazil’s Petrobras after concluding that the Lula administration is not likely to alienate investors as much as some observers feared.
Oil’s roller-coaster increasingly dependent on China – for now
When some of the most severe lockdowns seen anywhere during the pandemic were finally lifted earlier this year, hope spread around the world that China’s rush to get back to the pre-pandemic ways would send markets and demand for oil soaring.
Chevron Australia decommissions infrastructure at Thevenard Island, restores habitat
Chevron Australia announced last week that it has completed the decommissioning of oil and gas infrastructure at Thevenard Island and has taken measures to restore the remote island’s habitat.
Iraq launches gas bid round
Baghdad this week launched a gas-focused licensing round, just a month after it launched a bolt-on to its fifth licensing round
Cheniere, Equinor sign LNG offtake agreement
A subsidiary of US LNG producer Cheniere Energy has signed a sale and purchase agreement with Norway’s Equinor.
Ukraine could become the green powerhouse of Europe
Ukrainian President Volodymyr Zelenskiy laid out a vision of Ukraine as a “hub for modern green energy” in Europe to over 1,000 Western leaders and top European businesspeople in his comments to the Ukraine Recovery conference on June 21.
Pakistan uses Chinese yuan for Russian oil purchase, no ‘special’ discount
Pakistan is paying for its first delivery of sanctioned Russian crude oil with Chinese currency, Petroleum Minister Musadik Malik said last week after the arrival in Karachi of a tanker carrying 45,000 tonnes of Urals.
ONGC-Indian Oil deal could shake up subcontinent’s petrochemical make-up
India’s main oil producer has agreed a deal with the nation’s single most influential refining firm to help boost petrochemical output across the subcontinent.
HESS puts Slovenia’s largest solar power plant into operation
New plant next to the Brezice HPP uses a hybrid system that combines solar and water energy.
Kurdistan Region of Iraq PM first foreign leader to pay formal visit to re-elected Erdogan
European oil majors scale back climate ambitions and shift back to hydrocarbons
European oil majors are scaling back their ambitions in green energy and returning more focus to higher profit-yielding hydrocarbon projects in response to the energy crisis, aligning themselves more closely with their US counterparts.
Ghana: Bui Power Authority completes first floating solar project in West African Sub-region
BP, Orsted solve row over overlapping CCS, wind projects in the UK North Sea
In a letter, the pair said that a “commercial agreement had been reached” that meant that BP had “no remaining objection” to Orsted’s 2.6-GW Hornsea Four offshore wind farm, comprising 180 turbines.
Uruguay outlines green hydrogen ambitions
Uruguayan President Luis Lacalle Pou says his government intended to invest a total of $4bn in renewable energy and green hydrogen projects.
Pemex reports petroleum product imports down in April
Mexico’s national oil company Pemex saw imports of petroleum products – including gasoline, diesel and jet fuel – decline in April.
Petroperu negotiating with new oil suppliers for Talara refinery
Peru’s national oil company Petroperu is negotiating with crude producers in the Americas and Asia on new crude supply contracts for the Talara refinery.
Israel gives tacit approval for development of Gaza Marine block
The government of Israeli Prime Minister Benjamin Netanyahu is considering giving its approval for the further exploration and development of the Gaza Marine Block – a wedge of offshore territory between the Israeli and Egyptian EEZs.
Beijing-Riyadh links boosted by $10bn refinery project in China
In a bid to strengthen its relationship with China, the government of Saudi Arabia has announced a number of energy deals including a huge $10bn refinery deal.
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