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New Putin decree could force foreign stakeholders out of Sakhalin-2 gas project
Russian President Vladimir Putin signed a decree that will transfer all rights and obligations of the Sakhalin-2 oil and gas project to a new Russian entity, in effect giving the Kremlin the power to nationalise foreigners' stakes.
DMEA: Nigeria blames refineries for fuel issues
MEOG: Calls for more Gulf oil output
REM: Norway to become green industrial giant with offshore wind, hydrogen and batteries
Norway’s government has launched a plan for the country to become a green industrial giant using seven focus areas, including offshore wind, hydrogen and batteries.
AfrOil: NNPC data shows huge increase in Nigerian gasoline subsidies
The Nigerian government spent nearly three times as much on domestic gasoline subsidies in the first five months of 2022 as it did in the same period of last year, according to Nigerian National Petroleum Co. Ltd (NNPC Ltd).
LatAmOil: Petrobras to receive first Guyanese oil cargo
Brazil’s national oil company Petrobras is due to take delivery of its first cargo of Guyanese light sweet crude for domestic refining before the end of this week.
AsianOil: PetroChina reportedly weighing exit from Australia, Canada
State-owned PetroChina is reported to be considering exiting its investments in Australia and Canada in a bid to divert funds to more profitable opportunities elsewhere.
NorthAmOil: Resource boost and refinery confusion
GLNG: Germany considers expropriating Nord Stream 2
EXPLAINER: how a price cap on Russian oil might work
Europe is scrambling to find alternatives to Russian crude oil, natural gas and coal. But the fact remains that despite recent cuts in the amount that the EU buys from Russia, Moscow’s revenues from hydrocarbon exports still surged 40% this year.
Czech energy company CEZ switches away from Russian nuclear fuel
CEZ signs contract with US nuclear power technology company Westinghouse and French Framatome.
Romania reports new gas from Black Sea, expects 90% gas self-sufficiency
Energy minister says Black Sea Oil and Gas’ Midia development will boost self-sufficiency, as Europe tries to end dependence on Russian gas.
Europe’s gas storage on track to meet 80% full by start of heating season
Europe’s gas storage tanks were 58.23% full as of June 26 and are still on course to hit the EU target of 80% full by October 1, the traditional start of the heating season, despite Russian cuts in gas flows to Europe this month.
AfrElec: British International Investment, Norfund, Scatec to invest $200mn in African hydro
Tug of war emerging over what role Iran (and its oil) should play in new world order
France calls for efforts to get Iranian oil back on the market as Tehran re-enters nuclear deal talks, Tehran says it has applied to join BRICS and Israel secretly discusses defence coordination against Iran with Saudi Arabia.
Petroecuador seeks private partner to cut gas flaring in Amazon
Petroecuador is seeking a private-sector partner in order to prevent the further flaring of associated gas during crude production in the Amazon, in line with a court-imposed deadline.
Gas crisis: Can Europe store enough gas this summer to get through the winter?
“Winter is coming, and the night is full or terrors.” The Game of Thrones' most famous quote would serve well as a morning greeting for gas traders as they come into work.
African gas pipeline projects revived due to European gas crisis
A mounting gas crisis in Europe caused by Russia’s decision to reduce flows has revived several African gas pipeline projects to take over from the Russian deliveries.
AsiaElec: China looks to space solar by 2028
Ukraine targets oil infrastructure inside Russia
A fire at an oil refinery 150 km behind Russia's front line has been widely attributed to a kamikaze attack by Ukrainian drones. This is only the latest in a series of targeted acts of sabotage in Russian territory.
Russia to back €1.5bn investment in two gas-fired power plants in Bosnia’s Republika Srpska
Bosnian Serb leader Milorad Dodik announces major investment after he blocked Russia sanctions and voiced strong support for Russian President Vladimir Putin in St Petersburg.
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