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Verde suspends gas-to-gasoline project in Permian Basin
Verde Clean Fuels said last week that it was suspending development of a natural gas-to-gasoline plant in the Permian Basin.
Libya plans to tap into solar to power its ambitious oil and gas projects
Solar energy is increasingly being promoted in Libya as a means of supporting hydrocarbon development while also laying the foundations for a cleaner energy future.
Nigeria’s Dangote refinery threatens legal action against individuals claiming it imports petrol
Nigeria’s 650,000 bpd Dangote Refinery says it has identified individuals who had claimed the plant was importing petrol, calling the allegation “misleading” in a statement made on February 9.
Libya awards oil and gas exploration licences in first bid round since 2007
Libya has awarded new oil and gas exploration licences to major international energy companies, including Chevron (NYSE: CVX), Eni (BIT: ENI), QatarEnergy (state-owned), and Repsol (BME: REP), in its first bid round in nearly two decades.
US authorises oil companies to restore Venezuela infrastructure
The US has cleared the way for American companies to supply equipment and services needed to restore Venezuela's ailing oil and gas infrastructure, in the most substantial expansion of sanctions relief since Washington seized control of the country.
Egypt urges international oil companies to double output by 2030
The Egyptian government has requested international oil and gas companies operating in the country to double their production by 2030
Ambassador says Serbia and Russia may stick to short-term gas deals
Russian ambassador to Belgrade Aleksandar Bocan-Kharchenko says new long-term gas supply contract unlikely due to EU pressure, market instability and transit risks.
Serbia to launch carbon credit trading to ease EU export costs
Belgrade Stock Exchange to create a platform modeled on the EU Emissions Trading System.
Egypt signs €125mn EU grants to boost renewable projects
Cuba's energy collapse deepens after Mexico halts key oil supplies
Mexico’s decision to suspend oil shipments to Cuba while expanding humanitarian aid has exposed the limits of its room for manoeuvre under renewed US pressure, as well as the depth of Cuba’s escalating energy and economic crisis.
New Delhi and Washington’s ongoing claims and counter claims over Russian oil exports to India
Russia is still exporting oil to India. At least that is what New Delhi – and Moscow - claim. Half a world away meanwhile, Washington has repeatedly announced that New Delhi is on the cusp of a clean break.
Bangladesh’s energy bind casts a long shadow over industry, growth and the February vote
What began as a manageable rise in fuel imports has now hardened into an all-out structural vulnerability, with shrinking domestic gas supplies coupled to a growing reliance on LNG as well as coal and oil imports forcing factories to cut output.
Equatorial Guinea deepens energy reforms with Eni deal and coordinated gas strategy
Equatorial Guinea and Italy’s energy major Eni (BIT:ENI, NYSE:E) have signed a Reconnaissance Licence Agreement (RLA) aimed at facilitating technical and exploratory cooperation.
Egypt invites German firms to invest in green projects in SCZone
BP reportedly seeking partners for Kirkuk development
BP is actively canvassing for a partner to share the capital burden of redeveloping the Kirkuk oilfield
Serbia says ADNOC to take significant stake in NIS as Russian owners exit
ADNOC is expected to take a minority holding in a joint company with MOL that would become NIS’s majority owner.
Climate adaptation costs set to soar as global exposure rises - McKinsey
The world faces escalating and uneven costs from climate adaptation as rising temperatures, extreme weather events and sea-level rise strain public finances and economic productivity, according to new research from the McKinsey Global Institute.
Half the world’s energy will come from renewables, nuclear by 2030 - IEA
The International Energy Agency warned that while global electricity demand is set to surge over the next three years, the benefits of clean energy investment and rising renewable output remain unevenly distributed.
Trans-Saharan gas pipeline gaining momentum
Global uranium market faces shortage on surging Indian NPP expansion demand
A projected tenfold increase in India’s nuclear power capacity by 2047 is poised to upend the uranium market, creating a long-term supply-demand imbalance that analysts say the current production system is ill-equipped to manage.
Trinidad’s Atlantic LNG to shut down another liquefaction train
Atlantic LNG is expected to take Train 4 offline for up to 50 days in May and June to complete repair work.
Taiwan agrees to increase US LNG imports
Taiwan has confirmed it will increase US LNG imports to comprise about one-third of its imported supply of the super-chilled fuel in 2026.
US, Russian share of Europe’s LNG imports soars to record 80%
Europe’s dependence on liquefied natural gas (LNG) from the US and Russia surged to an all-time high in January, with the two countries accounting for more than 80% of the continent’s total seaborne imports, Bloomberg reported on February 5.
Shell pauses investment in Kazakhstan amid majors’ multibillion dollar wrangle with government
Amid huge compensation demands, CEO says “it does impact our appetite to invest further”.
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