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Russia's Sibur prepares to break ground on catalyst production plant
The plant will be the first in Russia and the CIS region to produce all types of polymerisation catalysts required for the production of polyethylene and polypropylene.
US Treasury targets Iran's National Oil Co. CEO in new sanctions push
The United States imposed a fresh wave of sanctions on Iran’s oil sector, targeting over 30 individuals and tankers, including the CEO of the National Iranian Oil Co. (NIOC), for facilitating the sale and transportation of Iranian crude.
Oil is a major source of income for eight African countries – OWID
Oil production plays an important role in the economy of many African countries. The chart shows oil rents as a percentage of gross domestic product (GDP) for the nine African nations most reliant on it, Our World in Data reports.
Crippling power outages return to South Africa as Eskom implements Stage 6 load shedding
South Africa is facing renewed power challenges following the reintroduction of Stage 6 power cuts, locally called load shedding, by state-owned power utility Eskom.
Leviathan partners submit updated field production plan
The partners in Israel’s Leviathan gas field this week submitted an updated development plan for the offshore asset to the country’s Ministry of Energy.
Azerbaijan positions itself as a key player in the global hydrogen economy
Azerbaijan targets 1.9mn tonnes of hydrogen production by 2060, and plans exports to Europe and Asia.
Russia's Rosatom in talks to build new nuclear power plant in Iran
Russian state-run atomic energy giant Rosatom is in talks to construct another nuclear power plant (NPP) in Iran, the company’s chief said.
Serbian energy sector faces crisis as banks set to close NIS accounts
Foreign banks will halt transactions with NIS before US sanctions take effect on February 28, which could effectively paralyse the oil company’s operations.
White House offers a revised mineral deal, but US-Ukraine relations still in limbo
The White House has offered Ukrainian President Volodymyr Zelenskiy a revised version of its deal to exploit rare earth minerals that Kyiv rejected last week because the terms were too harsh.
MEC calls for increased role of Mozambican firms in oil and gas sector development
At the Invest in African Energies: Mozambique Roundtable, MEC’s chairman spoke of an opportunity for local firms to increase their role in the market largely dominated by foreign players.
Trump interested in jointly developing Arctic oil and gas with Russia
The US and Russia are looking at joint energy projects in the Arctic, as part of the ceasefire negotiation in Riyadh, Russia’s sovereign wealth fund boss Kirill Dmitriev told Politico on February 19.
Shrinking cloud cover may be driving record global temperatures, scientists warn
Scientists warn that fewer clouds could be triggering a feedback loop that accelerates warming, making it even harder to curb rising temperatures.
Nigeria’s NNPCL debunks claims it imported 200mn litres of petrol in February
The Nigerian National Petroleum Co. Ltd. (NNPCL) has moved to debunk claims that it had imported more than 200mn litres of petrol this month.
South Africa seeks regional collaboration to advance major oil refinery revival
South Africa is seeking regional partnerships with national oil companies to revive its mothballed Sapref crude oil refinery site near the port of Durban on the east coast in KwaZulu-Natal province.
Woodside negotiating with potential partners for equity stake in Louisiana LNG
Australia’s Woodside Energy is in the midst of talks with a handful of potential purchasers of equity stakes in its Louisiana LNG project.
Venture Global to begin commercial operations at Calcasieu Pass plant in April
US LNG producer Venture Global has notified its foundation customers that the firm’s Calcasieu Pass terminal in Louisiana has set a commercial operation date of April 15.
Eni, TotalEnergies strike deal to pipe Cypriot gas to Egypt
Italy’s Eni and France’s TotalEnergies, partners in Cyprus’ offshore Block 6, have signed a host government agreement with Egypt and Cyprus for the development of the site’s gas resources.
TotalEnergies, Air Liquide strike deal on green hydrogen projects to decarbonise refineries
TotalEnergies has signed agreements with industrial gas supplier Air Liquide to develop two green hydrogen projects in the Netherlands, aimed at reducing emissions from its refineries in Belgium and the Netherlands by up to 450,000 tonnes per year.
Crown LNG signs memo on Indian gas sales
Crown LNG Holdings, a UK-based LNG project developer, has signed a memorandum of understanding with India Gas Exchange (IGX) to collaborate on LNG sales from its planned import terminal in Kakinada, India.
Russia reportedly considers selling 6% stake in NIS to Serbia after US imposed sanctions
Serbia is considering a range of solutions to ensure NIS’s continued operations, all of which carry economic and geopolitical risks.
Brazil set to join OPEC+ but will opt out from output cuts commitments, says minister
Brazil has approved joining OPEC+, marking the country's emergence as a major oil producer just months before it hosts the UN climate conference.
Angola reveals 15% increase in LPG sales
Angola’s downstream regulator Instituto Regulador dos Derivados do Petróleo revealed this week that the country was able to bring 140,185 metric tonnes of liquefied petroleum gas (LPG) to the domestic market in the first quarter (Q1) of 2024.
Masdar, TotalEnergies sign deal to expand clean energy access in Africa and Asia
Masdar and TotalEnergies to collaborate to provide reliable, sustainable electricity to communities in Africa and explore new clean energy opportunities in Southeast Asia.
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