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Uzbekistan: Hub for electric vehicles in Central Asia – report
China expanding share of global EV market.
Oil prices increase as Middle East tensions rise
Oil prices increased slightly on May 19 following a breakdown in talks between the US and Iran over Iran’s nuclear programme, with Brent crude futures lying 13 cents higher at $65.54 per barrel.
Heat crisis intensifies as military student dies in Iraq's scorching temperatures
At least one military student has died and eight others were hospitalised after suffering heat stroke due to historically high temperatures in the region.
Iran increases crude storage capacity by 2mn barrels
Iran has added an additional 2mn barrels of crude oil storage capacity to its Kharg Island export terminal, with tanks 25 and 26 being put back into operation after refurbishment on May 17.
Mexico's oil champion Pemex grows isolated amid mounting ecological damage
Pemex, Mexico’s state-owned oil company, is facing growing criticism for its significant role in hydrocarbon-related environmental damage and its apparent lack of sufficient response strategies.
Ghana clears bulk of $75mn gas debt to Nigeria amid regional energy tensions
Ghana has reportedly nearly paid off its $75mn debt to Nigeria for gas supplies, settling roughly 90% of arrears owed to N-Gas, a subsidiary of the Nigerian National Petroleum Company Limited (NNPCL).
US poised to extend Chevron's Venezuela operations as detained American veteran freed
The Trump administration is poised to prolong Chevron's authorised operations in Venezuela by an additional 60 days, as Washington continues sensitive talks with Nicolás Maduro’s government regarding American detainees.
Shares of South African helium, LNG producer Renergen surge on news of acquisition offer
Renergen, South Africa’s first integrated producer of liquefied helium and liquefied natural gas (LNG) saw its share price surging by more than 78% on May 20, following an announcement of its potential acquisition by ASP Isotopes.
Rising waters will prompt “catastrophic” mass migration, says study
Even if global heating stays at today's level, the world could be headed for unstoppable sea level rise and mass migration, scientists have warned in a stark new report in the journal Communications Earth and Environment.
US panel's ruling clears path for hefty tariffs on solar imports
As a result of the ITC’s decision, the Department of Commerce will now issue orders enforcing countervailing and anti-dumping duties on those solar products. These tariffs were finalised by the department last month.
HKN and ONEX agree deal for KRG’s Miran field
HKN Energy and ONEX Group have signed a deal with the KRG for the Miran gas field
Trump U-turns on $5bn offshore wind farm off New York in return for gas deal
The Trump administration has reversed its decision and is now allowing oil giant Equinor’s under-construction $5bn Empire Wind 1 project to proceed off New York.
Trump U-turns on $5bn offshore wind farm off New York in return for gas deal
The Trump administration has reversed its decision and is now allowing oil giant Equinor’s under-construction $5bn Empire Wind 1 project to proceed off New York.
Russia files WTO complaint against EU's carbon border adjustment mechanism
Russia argues the measure violates global trade rules and unfairly restricts access for non-EU producers.
Novatek reportedly starts up Arctic LNG-2's second train
Russia’s Novatek has commissioned the second liquefaction train at its Arctic LNG-2 project, Reuters and Bloomberg reported on May 20, citing sources familiar with the development.
TotalEnergies agrees to 20-year LNG purchase deal with Canada’s Ksi Lisims
Canada’s fledgling LNG sector has scored another win, with the proposed Ksi Lisims LNG project taking a key step forward after the announcement on May 19 of a 20-year offtake agreement with TotalEnergies.
Mozambique, Zambia sign MoU to build $1.5bn Beira-Ndola fuel pipeline
Mozambique and Zambia have signed a memorandum of understanding for the construction of a pipeline to transport refined petroleum products.
EVs to account for one in four car sales this year
Global electric vehicle sales are expected to more than triple by 2030, reaching 45mn units annually, driven by expanding markets in China and strengthening policy support in advanced and emerging economies, according to the IEA.
Nigerian president approves key licences for Kolmani oil project in northern states
Nigerian President Bola Tinubu has approved the issuance of key regulatory licences for the Kolmani Integrated Development Project, a major oil exploration initiative located between the northern states of Bauchi and Gombe.
Russia pushes to grow its influence in Africa’s nuclear future
Russia, under sanctions from the West over the war in Ukraine, is using nuclear partnerships to grow its influence in Africa.
Oman LNG signs sales and purchase agreement with Vitol
State-run Oman LNG has signed a sales and purchase agreement with Swiss-based Dutch multinational energy and commodity trader Vitol.
Taiwan shuts down final nuclear reactor, pivots to LNG
Taiwan is looking to ramp up purchases of LNG cargoes on the spot market after the island shut down its final nuclear reactor.
Indonesia's energy future: The structural hurdles to achieving independence
As Indonesia accelerates its march toward energy independence, President Prabowo Subianto's administration has made ambitious declarations: achieving full energy sovereignty within five years
Serbia negotiates new long-term gas deal with Russia
Serbia has increased efforts to diversify its energy sources but remains heavily dependent on Russian gas.
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