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Bolivia's YPFB certifies 2022 and 2023 gas reserves, plans publication
Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) has completed certifications for the 2022 and 2023 gas reserves. Currently, the state oil company is cross-referencing data from various sources to ensure accuracy before making the findings public
ExxonMobil confirms capping stack on route to Guyana
ExxonMobil Guyana is gearing up for the imminent arrival of a capping stack, a critical piece of equipment mandated by the government as a safety measure in the event of a major oil spill.
ExxonMobil Guyana reveals dates of output halt due to Gas-to-Energy project
ExxonMobil has announced the timeframe for the temporary halt of production at two offshore oil projects in Guyana’s Stabroek Block as part of efforts to connect a natural gas pipeline for the landmark Gas-to-Energy project.
Russian oil dinosaur Surgut posts $3bn profit in 1Q24
Russian oil major Surgutneftegaz (SurgutNG or Surgut) posted a 1Q24 RAS revenue increase of 57% year on year to RUB650bn, while net profit declined by 30% y/y to RUB269bn ($2.9bn).
Nigeria set to approve Seplat's acquisition of ExxonMobil assets within two weeks
The Nigerian government is poised to greenlight ExxonMobil's $1.28bn asset sale to Seplat Energy within the next two weeks, pending resolution on critical issues related to decommissioning and host community rights.
Russian oil deliveries to North Korea break UN sanctions
The US has called for new sanctions on Russia, which has exceed United Nations Security Council (UNSC) sanctions limits on deliveries of oil to North Korea, Reuters reported on May 2.
Bangladesh to raise electricity prices as it withdraws subsidies on IMF recommendation
The Government of Bangladesh plans to increase the price of electricity at least four times each year for the next three years. The plan for price increases are based on the recommendations made by the International Monetary Fund.
Gazprom hit with first annual loss in over 20 years
Gazprom, the state gas exporter that once served as Russia’s biggest cash flow, suffered its first annual loss in over two decades, reflecting the collapse in its revenues on the European market.
Ukraine to boost winter gas storage for Europe by 60%, says Naftogaz
The CEO of Ukraine's state energy giant Naftogaz has revealed ambitious plans to increase winter gas storage for foreign companies and traders by 60%, reaching approximately 4 bcm.
Russian gas pipe flow to Europe in April down 6% m/m but up 10.3% y/y
Russian pipeline gas flow to Europe in April was down 6% month on month, but up 10.3% year on year, as buyers opted for more supply from Gazprom because it is currently cheaper than LNG.
Russian firm hunts for oil in South Ossetia
The government of Georgia’s breakaway republic of South Ossetia has reached a deal with Russian oil firm Rusneftegaz on exploring for oil in the region.
Thailand eyes clean energy future with floating nuclear power barge
Thailand's ambitions for a net-zero future took a step forward with Global Power Synergy Public Company Limited, a subsidiary of the PTT Group, signing a memorandum of understanding with Danish firm Seaborg Technologies ApS.
Petrobras kicks off bidding for onshore rigs
Brazil’s national oil company Petrobras has initiated a bidding process to contract four large rigs to drill oil and gas production wells onshore in various fields across Bahia and Amazonas
Petrobras crude Q1 output up 4.4% at 2.24mn bpd, exports fall
Brazil’s national oil company Petrobras’ first-quarter crude output rose by 4.4%, year on year, to 2.24mn barrels per day.
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