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Iran pips Saudi Arabia and Russia as having world's cheapest gasoline
READ MORE: Iran's petrol now world's cheapest at just $0.018/litre, undercutting Saudi Arabia's $0.62 rate amid growing pressure for subsidy reforms.
ExxonMobil, Marubeni sign offtake agreement for low-carbon ammonia
ExxonMobil and Japan’s Marubeni have signed a long-term offtake agreement for the supply of roughly 250,000 tonnes per year of low-carbon ammonia from ExxonMobil's planned facility in Texas.
HALLIGAN: Power struggle in OPEC+ is pulling oil prices down
The oil market has entered choppy waters once again. Crude prices fell by a dramatic 18% in April y/y – the sharpest monthly drop since November 2021 – partly due to a global slowdown, but more due to a power struggle within OPEC+.
Crescent Energy reportedly weighing asset sales
US oil and gas producer Crescent Energy is reported to be considering the disposal of some of its non-core assets.
Golar LNG approves pioneering Argentina FLNG project to tap Vaca Muerta gas
Argentina’s LNG export plans have taken a step forward even as scepticism remains.
Legal victory for Renergen brings regulatory clarity to South Africa’s gas sector
South African natural gas and helium producer Renergen has achieved a landmark legal victory that brings much-needed regulatory clarity to South Africa’s petroleum sector.
Looking at ramifications of China’s shifting energy usage patterns on Central Asia
Renewables are up, fossil fuels down.
Iranian methanol exports to China under threat
Iran’s methanol exports to China are under threat following warnings from the US of yet more sanctions on Iranian oil and petrochemical buyers amid nuclear talks, according to Bloomberg.
Scatec starts building 1.1GW solar project and battery storage system in Egypt
Norwegian renewable energy company Scatec has started constructing the 1.1 GW Obelisk solar project in Egypt and a 100 MW/200 MWh battery energy storage system. The project will have an estimated cost of $590mn.
LNG Canada prepares to produce first LNG in June
Canada’s flagship project has finished the cooldown process of the new plant, with all machinery tested, marking the completion of a critical step in bringing online the new plant in Kitimat, British Columbia.
China's ENN, Zhenhau Oil sign deals for ADNOC's LNG
China's ENN Natural Gas and state-owned Zhenhua Oil have each entered into term agreements to purchase LNG from ADNOC.
Shell reportedly eyes BP takeover in $300bn tie-up
While Shell is on an upward trajectory, BP’s disappointing share performance has fuelled speculation that it could be targeted for takeover.
Canadian oil and gas explorer Sintana Energy highlights strong upstream momentum offshore Namibia
Publicly traded Canadian oil and natural gas exploration company Sintana Energy has shared new details around exploration activities offshore Namibia.
Blair think-tank releases scathing criticism of UK climate policy
The arguments contrast sharply with those of the UK’s Labour government.
Greece approves oil and gas licence tender
Greece has greenlit an international tender for hydrocarbon exploration across four offshore blocks in the Mediterranean, following expressions of interest from Chevron and Hellenic Energy.
Scarborough Energy Project faces additional obstacle from Australian doctors group
Australian oil and gas giant Woodside Energy will need to clear another hurdle for its Scarborough Energy Project to get the green light after Doctors for the Environment Australia initiated legal action in the country’s Federal Court.
Iraq losing $1mn daily due to dust storms
Iraq is losing approximately $1mn per day due to dust and sandstorms that strike the country, according to a report by the Iraq Green Observatory, an environmental affairs monitoring body.
Ghana’s oil woes deepen as investors shun sector for fifth year running
Ghana failed to attract a single new petroleum agreement in 2024, extending a worrying five-year trend that signals waning investor confidence in the country’s upstream oil and gas sector, according to the latest annual report by the Public In
UK insect numbers plummet by two thirds in three years, Bugs Matter survey shows
The population of flying insects in the United Kingdom has fallen by two thirds in just three years, according to new findings from a nationwide “Bugs Matter” citizen survey, raising alarm among ecologists and conservation groups.
Hungarian Commissioner delays EU plan to curb Russian energy dependence
Hungary's EU Commissioner Oliver Várhelyi raised a last-minute objection to delay the approval of the EU's roadmap for ending the bloc's Russian energy reliance.
Woodfibre LNG seeks to expand workforce, requesting second floatel
Woodfibre LNG is gearing up to increase construction with a request to add a second floatel for employees sent to regulatory agencies.
ADNOC Drilling wins contract for newbuild island rigs
ADNOC Drilling has secured a significant contract to supply three technologically advanced island rigs
Bosnia secures €80mn World Bank loan to finance coal phase-out and energy transition
Funds to back project to repurpose post-mining lands in Banovići, Zenica and Kreka, and facilitate the closure of underground mining operations in Zenica.
Scotland's only oil refinery closes
Scotland’s only oil refinery shut down last week, marking the end of operations at one of the UK’s oldest oil-processing plants.
Kazakhstan slaps $119mn in environmental fines on major oil producers
Kazakhstan has imposed more than KZT61.1bn ($119mn) in environmental fines on four major oil producers between 2022 and 2024.
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