Thursday 13 August 2020

Norway makes major oil discovery

Neptune Energy and its partners today announced the commercial discovery of oil at the Dugong well (PL882) in the Norwegian sector of the North Sea, the largest discovery in Norway so far this year.    The volumes are estimated to be in the range of 6.3 &nd


Afreximbank to support Mozambique LNG project with $400m

The African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, is supporting the advancement of Mozambique’s energy industry and economy by committing up to $400 million in guarantees and direct lending to the Area 1 LNG Project. 


Somalia establishes petroleum authority

The Government of Somalia has approved the board members of the Somali Petroleum Authority (SPA) and appointed Ibrahim Ali Hussein its first Chairman and Chief Executive Officer, the Ministry of Petroleum and Mineral Resources of the Federal Republic of Somalia said.  


Uzbekistan completes hydropower plant modernisation

The Ministry of Energy of Uzbekistan has announced the three-year project to modernise the Kadyrinskaya Hydropower Plant (Kadyrinskaya HPP-3) has been completed on time.   The modernisation was in cooperation with a leading Chinese hydropower enterprise and a te


China to dominate Asian refinery coking units’ capacity

China is expected to lead Asia’s refinery coking units’ capacity growth, contributing about 94% of the region’s total capacity growth by 2024.    The country is likely to add 351 thousand barrels per day (mbd) of coking capacity by 2024, s


Dewa offers EV Green Charger services via blockchain

Dubai Electricity and Water Authority (Dewa) has enables its customers who own electric vehicles to obtain all transactions including EV Green Charger registration, charging, and billing and settlement on a trusted blockchain eco-system. This enables faster, safer, and more effic


Over 400,000 in Dewa’s green programme

More than 400,000 residential customers have enrolled in the ‘My Sustainable Living Programme’ since its launch in October 2018, Dubai Electricity and Water Authority (Dewa) announced.    These positive results stem from Dewa’s efforts to


Brooge starts hydrotesting of Fujairah storage terminal

Brooge Energy Limited, a midstream oil storage and service provider in Fujairah through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company (BPGIC), announced today it has commenced hydrotesting for its Phase II storage facility expansion.  


Taqa announces new CEO of Abu Dhabi Transco

Abu Dhabi National Energy Company(Taqa) has announced the appointment of Dr. Afif Saif Al Yafei as Chief Executive Officer (CEO) at its subsidiary, Abu Dhabi Transmission and Despatch Company (Transco).  In his new role, effective today (August 9), Dr. Al Yafei will reinforc


Saudi Aramco posts net income of $6.6bn in Q2

The Saudi Arabian Oil Company (Aramco) has reported a net income of $6.6 billion for the second quarter (Q2) and $23.2 billion for the first half (H1) of 2020, respectively, compared to $24.7 billion and $46.9 billion in the corresponding periods of 2019. Despite continued global

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