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ExxonMobil could invest $21.7bn in Trinidad and Tobago
For the first time in two decades, ExxonMobil has returned to Trinidad and Tobago, and could invest $21.7bn in a region close to the Stabroek block off Guyana.
Iraq detains oil tanker for suspected fuel smuggling
The Iraqi navy detained a Liberian-flagged oil tanker located in its territorial waters on August 8 as part of efforts to combat fuel smuggling at sea.
Stone Ridge to buy Anadarko Basin assets from ConocoPhillips for $1.3bn
Stone Ridge Energy has agreed to acquire assets in Oklahoma from ConocoPhillips for around $1.3bn.
Bulgaria’s Uni Energy to acquire NIS petrol network for over €30mn
NIS, majority-owned by Russia’s Gazprom and its subsidiary Gazprom Neft, is divesting its Bulgarian assets amid increasing pressure from secondary US sanctions.
COMMENT: What is Rosneft’s flagship Vostok Oil Project seeking to achieve?
Russia’s oil industry enjoyed a renaissance between 2008 and 2018 when about 30 new oil fields came online, significantly boosting production. The Vostok Oil fields hold some 45bn barrels of oil.
ASEAN is going nuclear – it's just a matter of time
Across the ASEAN bloc, energy security, surging data-centre demand and net-zero pledges are nudging governments to revisit their nuclear options.
The climate crisis is pushing California’s destructive wildfire season earlier — by weeks
Wildfire season in California is starting earlier than it used to — in some parts of the state, by more than 10 weeks compared with the 1990s — and scientists say climate change is a major reason why.
Study finds black carbon emissions significantly underestimated in Global South
Black carbon emissions in low- and middle-income countries across the “Global South” may be nearly 40% higher than previously believed, according to new research from Washington University in St. Louis in the US.
South Africa extends aviation fuel import licence to alleviate airport shortages
The South African Revenue Service (SARS) has extended licences for importing and storing jet fuel to allow airports time to recover from ongoing supply issues, according to a Reuters report.
Russian fossil fuel revenues slip as CREA calls for tighter price cap enforcement
Russia’s fossil fuel export revenues fell 3% month-on-month in July to €585mn a day, as weaker crude oil and LNG sales offset a sharp rise in pipeline gas income, according to the July monthly update on Russia’s oil trade from CREA.
Naftogaz wins Austrian court approval to seize Russian assets worth over €120mn
Ukraine’s state-owned Naftogaz Group has secured permission from an Austrian court to enforce a $5bn arbitral award against Russia, in the latest step in its effort to recover compensation for the seizure of its assets in Crimea.
ASP Isotopes set for Johannesburg listing, will acquire Renergen, advance uranium enrichment plans with NECSA
Nasdaq-listed ASP Isotopes plans to list on the JSE and acquire 100% of South Africa’s only onshore helium and LNG producer while advancing uranium enrichment plans with NECSA.
Nigeria’s Elektron Finance launches $130mn bond programme for Lagos power project
Elektron Finance SPV has launched a NGN200bn ($130mn) bond issuance programme, marking its debut in the country’s debt capital market with strong institutional investor participation.
US losing ground to China in competition over Central Asia’s critical minerals
Lots of talk, little action.
US Westinghouse could develop electricity storage site near Slovak Gabčíkovo hydroelectric power plant
US power company Westinghouse is reportedly in talks with the Slovak government to develop a new type of electricity storage site near the Gabčíkovo hydroelectric power plant on the Danube river.
Iran’s No. 2 oil official in post despite resignation rumours, semi-official media says
Iran’s Deputy Oil Minister Hamid Bovard has not stepped down from his post as head of the National Iranian Oil Co. (NIOC), local media reported, two weeks after speculation swirled over his possible departure.
Onshore and off – Vietnam’s battle to balance its wind power sector
Vietnam’s onshore wind development is actively transitioning from fringe to mainstream, propelled by favourable geography, generous policies, and growing international investment.
Indonesia and Malaysia seek peaceful path in Ambalat Sea standoff
The Ambalat region, located in the Sulawesi Sea, has long been contested due to overlapping claims and its strategic importance for oil and gas exploration.
Hong Kong’s CK Infrastructure closes in on acquiring UK’s Grain LNG terminal
Hong Kong-based CK Infrastructure is the frontrunner to acquire Grain LNG import terminal from the UK’s National Grid.
TotalEnergies passes on investing in NextDecade’s Rio Grande Train 5
French supermajor TotalEnergies has chosen not to finance NextDecade’s fifth liquefaction unit at its Rio Grande export terminal in Texas.
Mixed messages on Russian oil supply to India
India’s Rosneft-backed Nayara Energy is struggling to secure ships to transport fuel after being placed under European Union sanctions.
Egypt launches global tender to explore gas in Eastern Mediterranean
Egypt’s Ministry of Petroleum issued a global tender inviting specialised companies to conduct a seismic survey covering 100,000 square kilometres in the Eastern Mediterranean.
South Korea awaits decision on lifespan extension for ageing reactors
Korea Hydro & Nuclear Power (KHNP) has halted operations at unit 4 of the Kori nuclear facility as it awaits a government ruling on extending the service life of reactors past 40 years.
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