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Growing corporate interest in Venezuela stands out
Venezuela is drawing renewed attention from companies across a range of industries, with more than 25 firms considering market entries, investments or new ventures eight months after Nicolás Maduro was removed from power in a US operation
China draws line over US oil push in Venezuela
Mao Ning, a Chinese Foreign Ministry spokesperson, said that Chinese-Venezuelan cooperation is independent of other countries and should not be subject to outside involvement
India receives seven applications in first round of coal gasification scheme
India has received seven applications from public- and private-sector companies under the first round of its INR375bn ($3.95bn) scheme to promote surface coal and lignite gasification, according to a government press release.
Suzlon wins 200-MW wind order from Ayana in India
ADB signs first India transaction advisory agreement for Madhya Pradesh renewable projects
The Asian Development Bank (ADB) has signed its first transaction advisory services agreement in India with the Madhya Pradesh government to help develop three renewable energy projects.
Vietnam targets Southeast Asia’s $40bn CCS opportunity
Nguyen Van Tu, Director of the Vietnam Petroleum Institute, said Vietnam has significant potential to store CO2 in depleted oil and gas fields, deep saline aquifers and deep coal seams.
Thailand considers 89% clean power target by 2050
Thailand is weighing a major shift towards clean energy, with a possible 89% share of electricity from low-carbon sources by 2050.
Laos and Singapore unlock new carbon market opportunities
Poland's JSW upholds output plan, boosts price outlook
Poland's coal company Jastrzębska Spółka Węglowa (JSW) upheld its overall coal output plan whilst raising its price expectations on the back of a more favourable market environment, and announced a more selective approach to capital expenditure.
Colombia's Ecopetrol clears bondholder hurdle for Portón del Sol merger
Ecopetrol secured bondholder approval to proceed with the absorption of Parque Solar Portón del Sol, clearing a further requirement for the Colombian oil company to integrate the solar asset
Turkey taps Copenhagen Atomics to utilise vast thorium reserves for nuclear energy
Turkey has signed a deal with Copenhagen Atomics to advance the use of radioactive metal thorium in next-generation nuclear technologies.
Mongolia completes first competitive renewable energy auction, signs deals
Mongolia’s National Dispatching Centre has inked power purchase deals with the companies who submitted winning bids in the country’s first competitive renewable energy auction.
Cuba brings 21.9MW solar park online in Guantánamo
Cuba has brought the 21.875MWp El Algarrobo solar park in Guantánamo into service, with the facility becoming the first project in the country’s current photovoltaic programme to be synchronised with the national grid entirely by Cuban technicians
US sanctions squeeze Cuba’s shift to solar power
Cuba’s push to expand renewable electricity is being constrained by difficulties securing fuel and importing equipment, as tighter US sanctions add pressure to an already strained power system, Foreign Minister Bruno Rodríguez
Norway's DNO quits plans to buy UK's Genel Energy
Norwegian oil and gas producer DNO (OSE:DNO) has abandoned its attempt to acquire Genel Energy (LSE:GENL), a month after making an indicative offer valuing the London-listed producer at around £202mn ($274mn).
Europe struggles with a diesel squeeze
Europe’s latest oil squeeze is increasingly a refining problem, with diesel margins at record highs even though crude supplies remain available.
NOGAT advances direct Norway-Netherlands gas link
Dutch North Sea pipeline operator NOGAT has launched pre-FEED work on a proposed direct gas connection between Norway and the Netherlands, targeting more than 4 bcm per year of capacity from 2029.
McDermott wins up to $750mn subsea contract for Cypriot gas project
McDermott has won a subsea contract worth between $500 and $750mn from Eni Cyprus for development of the Cronos gas field offshore Cyprus.
Brazil approves $1bn IDB loan for green investment programme
Brazil has authorised a loan of up to $1bn from the Inter-American Development Bank to finance Eco Invest Brasil, a government programme aimed at accelerating the country’s ecological transition and attracting private investment.
Estonia eyes spring 2027 decision on nuclear plant site as 6 coastal locations assessed
Baker Hughes wins BP North Sea stimulation contract
Baker Hughes has secured a contract from BP to provide offshore stimulation services across the company’s UK North Sea portfolio.
Mota-Engil, Bonatti win $207mn Mozambique Rovuma LNG early works contract
Portuguese construction group Mota-Engil (Euronext Lisbon: EGL) and Italian energy-services contractor Bonatti have won a $207mn contract for early works at ExxonMobil-led Rovuma LNG in northern Mozambique.
Serbia prepares workforce for nuclear programme with French support
In July, Serbia signed a partnership agreement with French utility EDF and AFD to develop the professional, human and organisational capacities required for the country's future nuclear programme.
Nigeria’s Dangote targets 1.4mn bpd by 2029 as $14.3bn expansion, IPO advance
Nigeria’s Dangote Petroleum Refinery plans to invest $14.3bn to double processing capacity to 1.4mn bpd by 2029 as it moves ahead with an IPO expected to be Africa’s largest ever.
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