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Phillips 66, Kinder Morgan to proceed with Western Gateway pipeline
Phillips 66 and Kinder Morgan announced this week that they had secured enough shipper commitments to move forward with development of the Western Gateway refined product pipeline.
Latin America oils up as Hormuz crisis reshapes global energy supply
From Vaca Muerta to the Orinoco, Latin America is sitting on the world's most coveted untapped crude. The Iran war may finally force it to act.
Latin America’s role in global supply set to increase because of Middle East war
A prolonged oil price near $100 a barrel could give South America a larger role in global supply than many market watchers expected, according to Rystad Energy.
Nigeria’s Dangote refinery to expand downstream petchem portfolio with major LAB facility
Honeywell will provide process technologies and catalysts for both Dangote's Linear Alkylbenzene (LAB) unit and a 750,000tpy propylene production facility.
Developing countries must not bear climate burden alone, Central Asian leaders say
Presidents tell Regional Ecological Summit in Astana the global shift to a low-carbon economy risks deepening inequality unless it is managed fairly with stronger support for developing countries.
Japan’s JAPEX hints at profit cuts due to Middle East disruption
Japan Petroleum Exploration has issued a press release warning of the impact on its business from escalating tensions in the Middle East, indicating that higher LNG procurement costs and suspended oil production are expected to weigh on earnings.
Russian state agency warns Hungary's incoming government against reviewing Paks nuclear deal
Russian state agency RIA Novosti has warned Hungary's incoming Tisza government against reviewing the Paks 2 nuclear deal, saying Magyar's criticism of the €14.7bn ($16.69bn) cost is "self-promotion and informational noise."
COMMENT: Why China is hedging for now in the Middle East
As the US-Israel-Iran war enters its second month, one of the most consequential geopolitical actors has been conspicuous by its silence. China has not intervened, has not condemned, and has not chosen sides in any meaningful public way.
Kazakhstan pushes for regional cooperation on climate as threats increase
Kazakhstan’s Ecology Minister Yerlan Nysanbayev called for deeper cooperation across Central Asia to tackle shared environmental issues ahead of the Regional Ecological Summit in Astana.
Egypt to connect 500MW solar project to national grid in May
Egyptian Minister of Electricity and Renewable Energy, Mahmoud Essmat, announced that the second phase of the Obelisk solar power project in Nagaa Hammadi
Putin says Russia "knows how it will end" in Ukraine but will not announce war goals publicly
Russian President Vladimir Putin has said Moscow knows how the war in Ukraine will end but will not make public statements on the outcome, telling municipal officials Russia will simply implement its goals.
UAE warns it could sell oil in yuan if dollar liquidity crunch hits
The UAE has warned Washington it could switch to yuan or other currencies to settle oil sales in the event of a severe dollar shortage, with reserves at $270bn as Gulf state faces mounting Iran war pressure.
Panama Canal auction prices quadruple as Hormuz closure reshapes global energy flows
A Chinese tanker just paid $4mn to jump the Panama queue. With Hormuz near-closed, the canal has become the world's most contested shipping lane — and prices are only heading one way.
Atomic Eagle reports 28.0mn lb uranium oxide reserve at Zambia project, bolsters board
Atomic Eagle Ltd (ASX:AEU) has reported a 28.0mn pound uranium oxide (U₃O₈) reserve at its Muntanga project in Zambia and reshaped its board, positioning the company to benefit from tightening global uranium supply and rising nuclear demand.
India’s renewable surge hits critical mass as solar drives structural shift
Much of this has been underpinned by falling technology costs and a hard fought push for energy security in which the pace of expansion over the past 12–18 months has been particularly notable.
Oil price divergence in a time of crisis
Egypt advances green hydrogen ambitions with Alexandria project
A four-company consortium has signed a memorandum of understanding (MoU) to explore developing a major green hydrogen hub in Alexandria
Iran MP plans for strategic management of Strait of Hormuz using the rial
Iran's parliamentary infrastructure commission chief has set out detailed terms for a strategic management plan for the Strait of Hormuz, including an Israeli shipping ban and tolls payable only in rials.
Egypt targets output boost from Western Desert drilling projects
The Egyptian government is accelerating efforts to raise domestic oil and gas production, with the Ministry of Petroleum and Mineral Resources expecting to complete drilling of the North Lotus Deep 2 well in the Western Desert before the end of May
Algeria launches new hydrocarbon licensing round
The Algerian government has launched a new international tender for hydrocarbon exploration licences to boost foreign investment and expand its energy output
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