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Indonesia explores Russian oil imports after joining BRICS
Following Indonesia’s recent induction into BRICS, the Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, has expressed openness to importing oil from Russia
Number of Turkish energy M&As edges up to 30 in 2024
Volume of transactions, however, contracts 44% y/y to $1bn from $1.8bn in 2023.
US LNG revival expected following Trump’s return to office
As US president-elect Donald Trump prepares to return to office, the country’s LNG industry is expected to undergo a new wave of expansion
CNRL unveils $4.2bn capital budget for 2025, including CCS spending
Canadian Natural Resources Ltd (CNRL) said last week that it had set an operating capital budget of CAD6bn ($4.2bn) for 2025, including CAD90mn ($62.8mn) for carbon capture and storage (CCS) projects.
US imports record volumes of Canadian oil
US imports of crude oil from Canada hit a record high of 4.42mn barrels per day (bpd) in the week up to January 3, data from the US Energy Information Administration (EIA) showed.
Shell starts production from deepwater Whale platform in Gulf of Mexico
Shell Offshore announced last week that it had started production from the deepwater Whale floating production facility in the US Gulf of Mexico.
US Department of Energy predicts 8% slide in Brent price in 2025
The US Department of Energy expects Brent crude oil prices to decline to an average of $74 per barrel in 2025, an 8% drop from 2024 levels.
Hydroclimate whiplash sparked by global warming fuels LA wildfires
Los Angeles’ deadly wildfires have been sparked by a phenomenon known as “hydroclimate whiplash”.
Dangote Refinery increases storage capacity
Nigeria’s 650,000 barrel per day Dangote Refinery is currently constructing eight new oil storage tanks to help tackle issues with crude supply.
Iraq's London moment marks its post-Saddam era's coming of age
When Iraqi Prime Minister Mohammed Shia al-Sudani sat down with King Charles III in London on January 14, the symbolism could not have been more profound. It was twenty years after the fall of Saddam Hussein's hated regime.
Mexico braces for Trump’s return but 25% tariffs not necessarily likely
As Mexico braces for a critical year in 2025, economic and political challenges loom large under the pending new US administration led by Donald Trump.
World’s richest 1% use up share of global carbon budget in first 10 days of 2025
The world’s richest 1% have burned through their share of the global annual budget in less than two weeks, analysis from Oxfam has revealed.
ICJ may rule on Guyana-Venezuela’s Essequibo dispute next year
Guyana's former Foreign Minister Carl Greenidge said that the International Court of Justice (ICJ) could deliver its ruling on the Guyana-Venezuela border controversy by 2026.
Iran mandates solar panels for new buildings amid power shortage
Iran has updated its building regulations, requiring developers to set up solar panels in newly constructed buildings, said a senior official at the state power producer and distributor Tavanir.
Iraq, BP to sign major Kirkuk fields deal worth over $27bn
A memorandum of understanding (MoU) was signed in London to assess the feasibility of a comprehensive redevelopment programme for four oil fields in Kirkuk as part of a bigger BP deal.
Leader of Moldova’s separatist Transnistria flies to Moscow to settle energy crisis
The pro-Russian separatist region is suffering from acute energy shortages since Gazprom cut supplies to Moldova on January 1.
ASX-listed Invictus Energy's Zimbabwe gas project secures three-year licence extension
Zimbabwe’s government has extended, by another three years, a special grant licence for a natural gas project which is majority-owned by a Perth-based exploration and development company, Invictus Energy (Invictus).
Greek gas consumption surges 30% in 2024
Greece's natural gas consumption rose by 30% last year to 66.2 TWh, with all domestic consumer categories recording increases.
Czechia wraps up work on pipeline expansion to end reliance on Russian oil
Czechia is on track to end its reliance on Russian oil within the next few months following the completion of key technical work on the TAL-PLUS oil pipeline expansion.
Eco Atlantic, Africa Oil complete transaction for Block 3B/4B in Orange Basin offshore South Africa
AIM- and TSX(V)-listed Eco (Atlantic) has completed its transaction for the sale of a 1% participating interest in Block 3B/4B offshore South Africa to Canadian full-cycle oil and gas explorer and developer Africa Oil.
UK and Iraq sign GBP12.3bn partnership deal
The UK and Iraq will sign strategic partnership and security agreements during Iraqi Prime Minister Mohammed Shia' Al-Sudani's visit to London on January 14.
New US oil sanctions, attack on Turkstream shake up global energy markets
The Biden administration imposed the harshest ever oil sanctions ever on Russia on January 10, which immediately roiled the international energy markets. Kyiv's attempt to destroy Russia's last gas pipeline to Europe unsettled markets further.
Global coal trade approaches its peak
Preliminary data from the International Energy Agency (IEA) indicates that global coal imports rose by 2.4% in 2024, reaching 1.5bn tonnes for the year.
Renewables Down Under, and under the Long White Cloud
Both Australia and New Zealand are achieving significant advances in their shift towards renewable energy sources. Both nations are striving to reduce their reliance on fossil fuels while embracing more sustainable energy alternatives.
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