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Kuwait invites global consortium bids for $7bn oil pipeline deal
Kuwait Petroleum Corporation (KPC) has asked global investment funds and consortiums competing for a stake in its oil pipeline network, valued at around $7bn, to combine their bids into joint consortiums to strengthen their offers.
Ottawa will not curb oil and gas growth to meet near-term emissions targets
Ottawa will not curb oil and gas growth in order to meet nearer-term emissions targets, making them further out of reach.
TA'ZIZ launches joint feasibility study with Covestro, XRG
TA’ZIZ has announced that it will be launching a joint feasibility study with Covestro and XRG to decide on the development of a methylene diphenyl diisocyanate (MDI) plant at TA’ZIZ’s Industrial Chemicals Zone in Abu Dhabi.
Iraqi crude export delays ease as Gulf shipping recovers
Gulf oil exports are gradually returning to normal after regional shipping disruptions, with several international banks expecting crude shipments to recover to pre-conflict levels during July.
Iraqi crude begins to move through the Strait of Hormuz
14mn barrels of Iraq’s formerly trapped oil have now been able to leave through the Strait of Hormuz following the commencement of peace talks between the US and Iran over the past 10 days.
Iraq’s Karbala refinery faces allegations over financial irregularities and unlicensed foreign workers
An Iraqi member of parliament has alleged legal, administrative and financial irregularities at the Karbala refinery, claiming that hundreds of foreign workers are employed without valid work permits and raising questions over the management.
Nigeria’s EFCC files money laundering charges against former refinery directors
Nigeria’s Economic and Financial Crimes Commission (EFCC) has filed money laundering charges against two former managing directors of the 210,000 barrels per day (bpd) Port Harcourt Refining Co. (PHRC) and Warri Refining and Petrochemical.
Congo’s SNPC explores fuel supply partnership with Nigeria’s Dangote Refinery
SNPC and Dangote Refinery have begun talks on fuel supplies, refining cooperation and energy infrastructure as the Republic of Congo seeks to reduce imports of refined petroleum products.
Russia's fuel shortages become systemic as Ukrainian strikes expose refining weakness
Russia's fuel shortages are evolving from a series of temporary disruptions into a structural weakness in the country's wartime economy, as repeated Ukrainian drone strikes continue to degrade refineries.
Ukraine expands biomethane exports to EU as renewable gas industry gains momentum
Ukraine exported 3.1mn cubic metres of biomethane to the EU in the first quarter of the year, as the country's fledgling renewable gas industry continued to build on its first full year of commercial exports.
Turkey to launch 'climate bridge' at COP31 to unlock green investment
Turkey plans to launch a climate finance initiative at COP31 to turn green strategies into bankable projects, Finance Minister Mehmet Simsek says. Find out how Ankara aims to unlock investment as climate shocks hit its economy.
Oman’s ONEIC takes 26% stake in 500MW Solar IPP consortium
The Oman National Engineering & Investment Co SAOG (ONEIC) has acquired a 26% stake in a multinational project company awarded the mandate to develop a 500-MW solar Independent Power Project (IPP) in Oman, the company announced on July 2.
Côte d'Ivoire, Algeria deepen energy ties with power and grid infrastructure deal
Côte d'Ivoire and Algeria have signed an energy cooperation agreement covering 100MW of mobile power generation, grid upgrades, a proposed 1,500MW power plant and renewable energy development.
Nigeria’s NNPCL profit down 12.85% m/m in May despite steady oil and gas production
Nigeria's state-owned NNPCL reported weaker financial results in May despite stable crude oil and natural gas production as it advances the AKK and OB3 gas pipelines.
John Cockerill wins Mauritania solar-storage contract to hybridise 10 diesel power plants for utility SOMELEC
The Belgian industrial engineering and energy tech group has secured a contract to hybridise 10 diesel-fired power plants in Mauritania with solar and battery storage, supporting the country's renewable energy and decarbonisation goals.
San Mateo Midstream to buy Cardinal Midstream for $752mn
San Mateo Midstream has agreed to acquire the operating subsidiaries of Cardinal Midstream Partners, a portfolio company of EnCap Flatrock Midstream, for $752mn.
Mauritius-based Intratrek, Chinese group CHiNT secure Eswatini solar project worth $180mn
Zimbabwean businessman Wicknell Chivayo's Intratrek Holdings (Intratrek) has partnered with CHiNT Electric (CHiNT) to develop a 300-megawatt (MW) solar power plant in Eswatinin, according to statements from the parties.
Nigeria fuel marketers warn of nationwide filling station shutdown over price controls
Fuel marketers have warned they will shut filling stations nationwide if the Federal Government attempts to impose petrol price controls in Nigeria's deregulated downstream market
Shell to sell Na Kika stake to Talos, Ridgewood for $1.7bn
Shell Offshore has agreed to sell its 50% non-operated interest in the Na Kika platform to subsidiaries of Talos Energy and Ridgewood Energy for a total of $1.7bn.
Oman’s OMIFCO to debut on MSX with $2.7bn market capitalisation
Oman India Fertiliser Company SAOG (OMIFCO) is set to debut on the Muscat Stock Exchange (MSX) on July 8 with an expected market capitalisation of OMR1.04 bn ($2.7 bn), the Oman-based firm said on July 1.
Guyana's subsea services market signals long-term confidence in Stabroek expansion
DOF Group's three-year Skandi Involver contract points to Exxon's Stabroek partners planning offshore Guyana operations well into the next decade.
Nigeria's Heirs Energies launches digital operations centre to optimise OML 17 production
Heirs Energies has launched a digital Integrated Operations Monitoring Centre for its OML 17 joint venture, integrating production monitoring, security surveillance and AI-enabled operational intelligence into a single platform.
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