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Venezuelan foreign minister brands US Secretary Rubio "obsessed" over leftist regimes
Venezuela lashed out at US Secretary of State Marco Rubio, branding him a “pathetic obsessed man” after he labelled Cuba, Nicaragua, and Venezuela as “enemies of humanity” and blamed them for the ongoing migration crisis in the region.
Germany looks to repurpose Nord Stream 2 for green gas project
German authorities are considering re-tasking the Nord Stream 2 pipeline to deliver green hydrogen or natural gas from Finland.
CPP reportedly weighing sale, IPO options for Encino
Canadian pension fund CPP Investments is reportedly weighing strategic options for what to do with Houston-based oil and gas producer Encino Acquisition Partners.
ONEOK, MPLX partner on Gulf Coast LPG export terminal
ONEOK and MPLX have agreed to build a new 400,000 barrel per day liquefied petroleum gas export terminal on the Texas Gulf Coast.
India signs MoU to advance decarbonisation efforts
India’s Ministry of Corporate Affairs-backed think tank, the Indian Institute of Corporate Affairs, has signed a Memorandum of Understanding with the Carbon Market Association of India to enhance the country’s carbon markets.
Iran’s South Pars Refinery 7 set to increase production
Iran’s South Pars Refinery 7 is on track to maximise production, according to the facility’s manager – Mehrdad Abdi – who said that output is expected to increase significantly by the end of March this year.
OPEC+ continues with production plan despite Trump’s demands
OPEC+ has decided to continue with its current oil production plans after a review meeting on February 2 despite calls from US President Donald Trump to lower crude prices.
Petrochemical output up 3.5% in Iran
A report from the Iranian government released February 2 has revealed that the country’s petrochemical production was able to reach 96.3mn metric tonnes from March 21 to December 20 2024 – an increase of 3.5% compared to last year.
Australia inaugurates first large-scale CCS project
“We have made history out at Moomba. It’s a first for Santos, a first for South Australia and a first for Australia in terms of large-scale, onshore CCS,” Santos CEO Kevin Gallagher said.
French TotalEnergies signs $820mn Iraqi solar power deal
France's TotalEnergies has signed an agreement with Basra Investment Commission to construct a 1,000-MW solar power plant in Iraq
South Australia to restart mothballed gas power generators to shore up security
The Australian Energy Market Commission approved a rule change last week allowing South Australia to restart mothballed gas power generators in the event of a supply shortage.
Iran prepared for Trump’s ‘maximum pressure’ campaign
US President Donald Trump on February 4 signed a memo to reinstate his “maximum pressure” campaign on Iran to drive the country’s oil exports down to zero and choke its revenue among others.
EU helps Moldova overcome energy crisis with €310mn financial package
New package announced after Russian Gazprom’s decision to stop gas exports to Moldova sparked an energy crisis.
NEOM food unit Topian signs SAR1.9bn Jazan aquaculture deal
NEOM food company Topian has signed a SAR1.9bn ($507mn) investment agreement with Jazan City for Primary and Manufacturing Industries to establish a major aquaculture project, during the Saudi International Marine Exhibition in Riyadh on Feb 4.
Serbia requests delay of sanctions on oil company NIS
Serbia has formally requested the US to delay sanctions on its Russian-owned oil company, Naftna Industrija Srbije, for a minimum of 90 days, citing concerns over the company’s critical role in regional energy stability.
Europe's gas crisis is back with a vengeance
A year ago, many market watchers were warning that it was premature to say Europe’s gas crisis was over. Now it seems it is back with a vengeance.
Horizont kicks off prep work at Polish gas project
The company is focused on developing already-discovered gas reserves in Europe.
Canadian explorer ReconAfrica completes farm-down with BW Energy for PEL73 in Namibia
Africa-focused Canadian oil and gas explorer Reconnaissance Energy Africa has completed a farm-down agreement with Oslo-listed E&P firm BW Energy for PEL73 in Namibia.
FERC: Venture Global near to completing repairs to Calcasieu Pass facility
Venture Global could complete repairs to equipment connected to onsite power generation by the end of February, the Federal Energy Regulatory Commission said in a regulatory filing.
Venture Global granted permission to introduce natural gas to Plaquemines’ seventh block
Venture Global has received approval from federal regulators to commence the introduction of natural gas into the Plaquemines plant’s seventh block.
TotalEnergies and Mozambique hold talks on stalled LNG project
TotalEnergies’ CEO Patrick Pouyanne and Mozambique’s President Daniel Chapo held talks on the long-delayed Mozambique LNG project during an energy conference on January 28.
EU sanctions envoy takes on delicate “compliance” issues on visit to Kazakhstan
Given Russian-Kazakh economic integration, Europe cannot hope to stop every illicit shipment from the Central Asian country to Moscow’s war economy, but there are some notable successes.
Russian refineries see 2.5% dip in oil deliveries in 2024
Crude oil deliveries to Russian refineries declined by 2.5% year on year in 2024 to 271.4mn tonnes, while refining volumes fell by 3.1% to 266.5mn tonnes.
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