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Rockhopper commits $44mn to second oil vessel for Falklands Sea Lion project
Britain’s Rockhopper Exploration has agreed to invest $44mn in a second floating production, storage and offloading vessel for the Sea Lion oil project near the Falkland Islands (also known as Malvinas)
Argentina vows to block Falklands offshore oil development, foreign minister says
Argentina will seek to prevent offshore oil development around the Falkland Islands (also known as Malvinas) as part of President Javier Milei's strategy to pursue the country's sovereignty claim through peaceful means, Foreign Minister Pablo Quirno
Yinson prices $1.46bn bond issue to refinance offshore oil vessel in Angola
Yinson Production has priced $1.458bn of senior secured bonds at 6.517% to refinance its Agogo FPSO off Angola, chartered to BP-Eni venture Azule Energy. It calls the deal the largest FPSO project bond to date.
Armenia would rather pay market price than political price for Russian gas, says finance minister
Armenia is prepared to move to market-based pricing for Russian natural gas because subsidised supplies that provide cheap energy end up costing the country politically and economically, according to Finance Minister Vahe Hovhannisyan.
UK-backed programme commits $2.7mn to clean energy projects across eight African countries
The UK-backed ZE-Gen programme is putting more than £2mn into ten projects in eight African countries to replace diesel generators at hospitals, telecom sites, farms and fishing hubs.
Egypt and Cyprus pledge closer coordination on Mediterranean gas projects using Egyptian export infrastructure
Egypt and Cyprus have pledged closer coordination on the Cronos and Aphrodite offshore gas fields, which would use Egyptian plants to process and export Cypriot gas.
Moldova has nearly 243 MWh of energy storage capacity and larger project pipeline
Moldova had 242.85 MWh of installed energy storage (BESS) capacity at the end of August, while investors submitted bids for projects totalling 305 MWh of new storage capacity in a 2026 auction.
Tanzania and Uganda strengthen cooperation on local-content rules for oil and gas sector
Tanzania and Uganda will deepen cooperation on local participation in oil and gas projects as both countries seek to increase opportunities for domestic businesses and professionals in the petroleum sector
Tokyo Gas acquires AGP to expand LNG network in Indonesia
Japan's Tokyo Gas (TYO: 9531) has acquired all shares in PT AGP Indonesia Utama, a developer of liquefied natural gas (LNG) infrastructure, as it moves to set up an inter-island LNG supply chain in eastern Indonesia.
South Korea denies fuel exports to Russia cleared customs
South Korea said customs records show no exports of commercial petroleum products to Russia, rejecting reports that its ports had supplied diesel to the Russian Far East.
Philippines lands floating solar factory and investment pledges
The Philippine Board of Investments (BOI) signed a letter of intent with Northman Philippines and Solarion Energy to grow the country's floating solar industry.
Pangilinan buys more Meralco shares from San Miguel in Philippines
Philippine tycoon Manuel V. Pangilinan has agreed to buy about 3.77mn shares of Manila Electric Co. (PSE: MER) from San Miguel Corp.'s power unit for PHP2.19bn .
LG Energy Solution signs lithium deal with Canada's Elevra
LG Energy Solution (KRX: 373220), South Korea's largest battery maker, has agreed to a long-term deal to buy lithium concentrate from Canada's Elevra Lithium.
India's battery storage demand to grow sevenfold by 2032
India will need 236.22 GWh of battery energy storage system (BESS) capacity by the 2031-32 fiscal year, a nearly seven-fold increase.
Bangladesh approves $3.3bn non-concessional loans for energy
Bangladesh has approved $3.3bn in non-concessional foreign borrowing to pay for fuel oil and liquefied natural gas (LNG) imports and to upgrade its electricity distribution network.
PV Gas aligns with partners on Vietnam gas supply
Vietnamese state gas distributor PV Gas (HOSE: GAS) has held talks with PetroVietnam Exploration Production Corporation (PVEP) and Vietsovpetro to line up new gas supplies and secure enough room in its pipeline network to take them.
Cambodia retail buildings use most energy, study finds
Retail buildings are the most energy-hungry of the property types surveyed in Phnom Penh and Kandal, using 205.5 kWh per square metre a year.
Rosatom consolidates transportation Delo Group for $0.9bn
Polish nuclear firm PEJ begins due diligence to unlock financing for Choczewo power plant
Polish state-owned nuclear company Polskie Elektrownie Jądrowe (PEJ) said it had commenced due diligence on the project for Poland's first nuclear power station, in collaboration with ENCO, ERM and Howden.
Polish power groups and KGHM agree to cooperate in critical infrastructure security
Poland's four major power groups - Orlen, Enea, PGE and Tauron - and copper producer KGHM signed an agreement on October 7 on cooperation in the field of critical infrastructure security, aimed at faster threat detection.
Rockhopper shares fall nearly 20% as Falklands' Sea Lion project faces rising pressure
Shares in British oil company Rockhopper Exploration fell as much as 20% in London after the company confirmed the departure of two contractors from its Sea Lion project in the Falkland Islands, as legal pressure from Argentina grows.
Chevron deal strengthens exploration prospects on Namibia’s PEL 90, says AEC
Chevron’s planned acquisition of a 10% stake in Namibia’s PEL 90 licence from Custos Energy subsidiary Trago Energy will strengthen the international partnership behind the Orange Basin block ahead of a planned exploration well.
August data show Turkey generating all-time high in solar and wind power
Turkey in August achieved an all-time high in solar and wind power output.
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