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Will the Nord Steam gas pipelines be turned back on soon?
The idea of restarting Russian gas deliveries to Europe via the damaged Nord Stream 1 & 2 pipelines has been introduced as a possible bargaining chip in the mooted Russo-Ukraine ceasefire talks. If it happens it would solve many of Europe's problems.
India’s PM SuryaGhar scheme brings rooftop solar to 850,000 homes in first year
Under the PM SuryaGhar Yojana, which aims to facilitate the installation of 10mn solar panels, the Indian government has managed 850,000 installations in the first year
Seven bid for Lukoil’s Bulgarian refinery, PM Zhelyazkov says
Lukoil has been actively seeking to sell its Bulgarian assets since December 2023, when Sofia banned imports of Russian crude oil.
Mexico unveils private sector power contracts in energy reform
Mexico's government proposed legislation to allow private energy contracts while maintaining state utility Federal Electricity Commission's (CFE) minimum 54% market share, Energy Minister Luz Elena González announced on January 29.
OPEC+ to discuss Trump proposal on US oil output expansion
The OPEC+ alliance of major oil producers is set to deliberate on US President Donald Trump’s recent proposal to expand American oil output, Kazakh Energy Minister Almasadam Satkaliyev told a briefing on January 29.
Shell, CNRL announce Canadian asset swap
Shell and Canadian Natural Resources Ltd. (CNRL) announced on January 29 that they had agreed to engage in an asset swap relating to the Athabasca Oil Sands Project (AOSP) in Alberta, Canada.
Researchers find that climate change made LA wildfires more likely
January’s deadly wildfires in Los Angeles were worsened by human-made climate change, according to a study by World Weather Attribution.
Renewables could power 80% of data centres, Goldman Sachs says
Renewables can supply the vast majority of power required for the growing demand of energy needed to operate data centres, research from Goldman Sachs has revealed.
West Africa LPG Expo advocates for clean energy transition
Regional and global energy investors are preparing plans to actualise an effective method for a clean energy transition in West Africa at the 6th edition of the West Africa LPG Expo.
Brazil’s Petrobras hits 2024 output targets, boosts pre-salt production
Brazil’s national oil company (NOC) Petrobras met its 2024 production targets, with total oil and gas output reaching 2.7mn barrels of oil equivalent per day (boed).
Turkey awards 1.2 GW of wind power deals in tenders
$1.2bn will be invested in building five plants. Winners awarded grid connections for 49 years.
Diversified to buy Maverick in $1.3bn Permian purchase
Diversified Energy has agreed to acquire private equity-owned Maverick Natural Resources for $1.275bn.
Germany’s Russian LNG imports surge over 500% in 2024, via other countries
Germany talks loudly about ending Europe’s imports of Russian gas, but as a result of alternative sources of energy, it has seen imports of Russian LNG soar by 500% in 2024 y/y, worth a total of €7.32bn, delivered via other European countries.
South Korean firms join Australian low-carbon project
A consortium of South Korean energy firms led by Korea Southern Power Co. has partnered with Australia’s Pilot Energy to develop the MidWest Clean Energy low-carbon ammonia project in Western Australia’s Perth Basin.
France puts pressure on EU to scale back ESG reporting requirements
The EU’s ESG reporting requirements are set to face a stiff challenge as the French government is preparing to submit proposals to curb the scope of ESG regulatory requirements.
ExxonMobil, QatarEnergy kick off exploration drilling off Cyprus
ExxonMobil and QatarEnergy have commenced exploratory drilling for natural gas at the Electra prospect west of Cyprus.
Ukraine's stored gas falls to critically low levels, imports urgently needed
Ukraine's natural gas reserves in its massive underground storage tanks have fallen to a critical level and the country urgently needs to import more gas, says Serhiy Makogon, the former head of Ukraine's gas transit operator.
Solar generation tops coal for first time in EU in 2024
The EU reached a key milestone in 2024 as solar power surpassed coal use for the first time in the bloc’s history.
Nigerian marketers may drop Dangote Refinery in favour of low-cost imports
Nigerian oil marketers revealed this week that the price of petrol imports had dropped from N955 ($0.61) per litre to N922.65 ($0.59), with the price encompassing import duties, shipping fees and exchange rate fluctuations.
Transparency International Bangladesh urges new renewable energy plan free from fossil fuel lobby
Transparency International Bangladesh (TIB) has urged the development of a new national energy master plan prioritising renewable energy and eliminating the influence of the fossil fuel lobby
KBR wins contract to support Saudi sustainability work
KBR has been awarded a contract to support Saudi Aramco’s sustainable energy production efforts
Denmark approves preservation work at damaged Nord Stream 2 gas pipe
Denmark’s Energy Agency announced on January 28 that it had authorised Nord Stream 2 AG, a subsidiary of Russia’s Gazprom, to carry out preservation work on the Nord Stream 2 gas pipeline in the Baltic Sea.
Mexico's $20bn refinery crisis threatens energy sovereignty
The ambitious Dos Bocas refinery project in Mexico, once hailed a symbol of energy independence under President Andrés Manuel López Obrador (AMLO), is now facing severe setbacks that threaten its future.
Trump calls on OPEC to ramp up oil supply
"Right now the price is high enough that that war will continue," Trump said at Davos.
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