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Enbridge selling $516mn stake in Westcoast pipeline to indigenous groups
Canada’s Enbridge has struck a deal to sell a 12.5% stake in its Westcoast gas pipeline system to Stonlasec8 Indigenous Alliance, a group representing 36 First Nations in British Columbia, for CAD715mn ($516mn).
China’s Guangdong Pearl River strikes LNG deal with ConocoPhillips
China’s Guangdong Pearl River Investment Management Group has signed a 15-year LNG sale and purchase agreement with ConocoPhillips, with supply thought likely to be coming from the US.
Record temperatures around the world – Statista
A heat wave is sweeping across South Asia, with temperatures having reached 44°C in India’s Jaipur and 50°C in Pakistan’s Shaheed Benazirabad in April, Statista reports.
Tullow restarts drilling in Ghana’s Jubilee Field in major boost for West African oil sector
Tullow Ghana and its partners have restarted drilling operations in the country’s flagship Jubilee Field, signalling renewed investment and confidence in one of West Africa’s most strategic oil assets.
Colombia oil discoveries plunge 56%, growing economy relies overly on government expenditure
Colombia's hydrocarbon exploration activity contracted for the second consecutive year with discoveries plummeting 56% in 2024, raising serious concerns about the nation's energy security and fiscal outlook.
Colombia oil discoveries plunge 56%, growing economy relies overly on government expenditure
Colombia's hydrocarbon exploration activity contracted for the second consecutive year with discoveries plummeting 56% in 2024, raising serious concerns about the nation's energy security and fiscal outlook.
Uzbekistan: Hub for electric vehicles in Central Asia – report
China expanding share of global EV market.
Heat crisis intensifies as military student dies in Iraq's scorching temperatures
At least one military student has died and eight others were hospitalised after suffering heat stroke due to historically high temperatures in the region.
Mexico's oil champion Pemex grows isolated amid mounting ecological damage
Pemex, Mexico’s state-owned oil company, is facing growing criticism for its significant role in hydrocarbon-related environmental damage and its apparent lack of sufficient response strategies.
Ghana clears bulk of $75mn gas debt to Nigeria amid regional energy tensions
Ghana has reportedly nearly paid off its $75mn debt to Nigeria for gas supplies, settling roughly 90% of arrears owed to N-Gas, a subsidiary of the Nigerian National Petroleum Company Limited (NNPCL).
US poised to extend Chevron's Venezuela operations as detained American veteran freed
The Trump administration is poised to prolong Chevron's authorised operations in Venezuela by an additional 60 days, as Washington continues sensitive talks with Nicolás Maduro’s government regarding American detainees.
Shares of South African helium, LNG producer Renergen surge on news of acquisition offer
Renergen, South Africa’s first integrated producer of liquefied helium and liquefied natural gas (LNG) saw its share price surging by more than 78% on May 20, following an announcement of its potential acquisition by ASP Isotopes.
Rising waters will prompt “catastrophic” mass migration, says study
Even if global heating stays at today's level, the world could be headed for unstoppable sea level rise and mass migration, scientists have warned in a stark new report in the journal Communications Earth and Environment.
US panel's ruling clears path for hefty tariffs on solar imports
As a result of the ITC’s decision, the Department of Commerce will now issue orders enforcing countervailing and anti-dumping duties on those solar products. These tariffs were finalised by the department last month.
HKN and ONEX agree deal for KRG’s Miran field
HKN Energy and ONEX Group have signed a deal with the KRG for the Miran gas field
Trump U-turns on $5bn offshore wind farm off New York in return for gas deal
The Trump administration has reversed its decision and is now allowing oil giant Equinor’s under-construction $5bn Empire Wind 1 project to proceed off New York.
Trump U-turns on $5bn offshore wind farm off New York in return for gas deal
The Trump administration has reversed its decision and is now allowing oil giant Equinor’s under-construction $5bn Empire Wind 1 project to proceed off New York.
Russia files WTO complaint against EU's carbon border adjustment mechanism
Russia argues the measure violates global trade rules and unfairly restricts access for non-EU producers.
Novatek reportedly starts up Arctic LNG-2's second train
Russia’s Novatek has commissioned the second liquefaction train at its Arctic LNG-2 project, Reuters and Bloomberg reported on May 20, citing sources familiar with the development.
Mozambique, Zambia sign MoU to build $1.5bn Beira-Ndola fuel pipeline
Mozambique and Zambia have signed a memorandum of understanding for the construction of a pipeline to transport refined petroleum products.
EVs to account for one in four car sales this year
Global electric vehicle sales are expected to more than triple by 2030, reaching 45mn units annually, driven by expanding markets in China and strengthening policy support in advanced and emerging economies, according to the IEA.
Nigerian president approves key licences for Kolmani oil project in northern states
Nigerian President Bola Tinubu has approved the issuance of key regulatory licences for the Kolmani Integrated Development Project, a major oil exploration initiative located between the northern states of Bauchi and Gombe.
Russia pushes to grow its influence in Africa’s nuclear future
Russia, under sanctions from the West over the war in Ukraine, is using nuclear partnerships to grow its influence in Africa.
Oman LNG signs sales and purchase agreement with Vitol
State-run Oman LNG has signed a sales and purchase agreement with Swiss-based Dutch multinational energy and commodity trader Vitol.
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