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European Union expands sanctions against Russian shadow fleet with 41 additional vessels
European Union sanctions 41 vessels in Russia's shadow oil tanker fleet, bringing total designated vessels to nearly 600, as bloc maintains pressure on Russia's energy revenues and sanction circumvention efforts.
Israel approves $35bn gas export deal with Egypt
Israeli PM Netanyahu approves $35bn natural gas export deal with Egypt from Leviathan field, with US administration viewing agreement as means to improve relations strained by Gaza war.
Putin is pulling his Ukraine blackout power punches
Russia is pulling his punches in the bombing campaign of Ukraine’s power system. He could turn out the lights overnight but hitting key ultra-high-voltage substations, but analysts fear he is waiting for the really cold weather to arrive.
Uganda eyes stake in Kenya Pipeline financed by part of $2bn Vitol-backed loan
Uganda would use the Vitol-backed loan to acquire up to a 60% stake in Kenya Pipeline Company as Nairobi prepares an IPO expected to raise about $460mn.
LNG supply crunch as carrier orders outstrip shipping capacity
The global LNG market is facing a supply crunch as planned liquefaction capacity is outpacing the number of new carriers set to enter service by 2030, Argus Media reported on December 18.
Russia’s evolving “no limits” defence and nuclear partnership with India
Russia and India have instituted what amounts to a "no limits” partnership, a phrasing previously reserved for Moscow's relationship with Beijing.
BP announces first oil from Atlantis Drill Center 1 expansion in US Gulf
BP has achieved first oil from the Atlantis Drill Center 1 expansion project in the US Gulf of Mexico.
Shell sanctions Kaikias waterflood project in US Gulf
Shell has taken a final investment decision on a waterflood project at its offshore Kaikias field in the US Gulf of Mexico.
Brazil faces oil output decline after 2030 as new field discoveries plummet, gas imports rise
Brazil's oil and gas self-sufficiency faces threats in the coming decade as new field discoveries plummet and domestic production approaches its peak.
UAE’s Amea Power commissions Tunisia’s largest solar plant
Dubai-headquartered renewable energy developer Amea Power has commissioned a 120 MW solar power plant in Tunisia, marking the largest solar project ever brought online in the country and a key milestone in its energy transition
UK removes Egypt’s Zohr gas project from sanctions despite stake held by Russia's Rosneft
UK removes Egypt’s Zohr gas project from scope of its sanctions regime despite Rosneft’s minority stake, citing Treasury decision that highlights a pragmatic carve-out for energy assets critical to regional gas supply and Egypt’s LNG exports.
Libya collects $202.9mn in oil royalties and taxes in November
Libya’s Ministry of Oil and Gas under the Government of National Unity said total royalties and taxes collected from oil and natural gas concession and production-sharing companies reached $202.9mn in November
Egypt approves $4.3mn South Korean grant for green energy infrastructure in Suez Canal
The Egyptian cabinet approved a draft presidential decree endorsing a grant agreement with South Korea to establish green energy infrastructure in the Suez Canal area, with funding of about $4.3mn
Egypt approves $208mmn oil and gas agreements in Western Desert
The Egyptian cabinet has approved a draft law endorsing a concession agreement for the exploration, development and production of oil and gas in the Badr El-Din Integrated Area in the Western Desert
Trump announces total blockade of “sanctioned” Venezuelan oil tankers
US President Donald Trump has ordered a complete blockade of sanctioned oil vessels entering and leaving Venezuela, dramatically escalating Washington's military pressure campaign against the Maduro regime.
CNR adopts Pisys simulator for FPSO operator training at Baobab field offshore Ivory Coast
Oil and gas producer Canadian Natural Resources has selected the Pisys simulator for the training of process operators at the Baobab Floating Production Storage and Offloading unit, located off the Ivory Coast.
Transnistria reintroduces state of emergency over gas supply reduction
Leadership of unrecognised republic will restrict gas consumption for industrial users while prioritising households.
$700bn price tag for Vietnam’s net-zero pledge
Vietnam will need an estimated $670–700bn in long-term funding to achieve green growth and reach net-zero emissions by 2050.
EBRD lends €200mn to Egypt to strengthen power grid and green energy shift
The European Bank for Reconstruction and Development (EBRD) has approved €200mn in financing for the Egyptian Electricity Transmission Company (EETC) to support Egypt’s transition toward renewable energy and enhance stability of its power grid.
Egypt expects $16.7bn in oil and gas investments over five years, says minister
International energy majors are currently planning to invest around $16.7bn in Egypt’s oil and gas sector over the next five years
India’s Russian oil imports: a complex picture of contradictory claims
Indian refiners appear set to take in substantial volumes of Russian crude this December, confounding predictions that new Western sanctions would sharply curtail flows.
Snam acquires stake in Italy’s Offshore LNG Toscana from Igneo
Italy’s natural gas grid operator Snam has acquired a 48.2% stake in Offshore LNG Toscana (OLT) from UK-based Igneo Infrastructure Partners.
South African energy trader Etana agrees 20-year offtake for Acciona Energía wind farms
South African energy trader Etana Energy has signed a 20-year corporate offtake to buy all output from two new wind farms developed by Acciona Energía (BME:ANE), supplying major corporate customers
Croatian parliament backs radioactive waste site near Bosnia border
Plans to set up storage site for low- and intermediate-level radioactive waste face strong opposition from Bosnia.
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