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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.
Gazprom returns to profit in 2024 after first loss in decades in previous year
Russia’s state gas exporter Gazprom swung back to profit in 2024, the year after suffering its worst loss in decades in the previous year, on the back of higher export volumes and revenues.
BLOG: The EU’s glacial push to eliminate Russian LNG
The EU is continuing to grapple with the complex challenge of eliminating its remaining oil and gas imports from Russia, as the European Commission prepares to unveil a roadmap this week outlining how to achieve that goal, hopefully by 2027.
MACRO ADVISORY: Kazakhstan’s high stakes oil gambit
Kazakhstan’s economy is estimated to have grown by more than 5.5% in the first quarter. Growth in February alone topped 7.5% y/y. The reason for the strong growth is the surge in oil production at the giant Tengiz oil field.
Artificial Intelligence and electricity: a new energy challenge
The rapid growth of Artificial Intelligence is transforming how industries operate, particularly the electricity sector.
After Samarkand summit, Europe’s quest for Central Asian resources meets reality
Playing long game for rare earths.
Trump threatens sanctions on buyers of Iranian oil, sending markets soaring
US President Donald Trump on May 1 ratcheted up pressure on Iran, threatening sanctions on any country or individual purchasing Iranian oil or petrochemical products.
MOL and TPAO bring upstream partnership to Hungary
Hungarian oil and gas company MOL and Turkish peer TPAO are partnering on hydrocarbon exploration and production in the west of Hungary, Minister of Foreign Affairs and Trade Peter Szijjarto said.
SLB echoes headwinds warning after falling short of first-quarter expectations
Oilfield services firm SLB reported first-quarter earnings that fell short of analyst expectations and echoed its rivals in warning of headwinds.
APA reports positive results from Sockeye-2 flow test in Alaska
APA and its partners have announced the results of flow testing of the Sockeye-2 exploratory well on Alaska’s North Slope.
Explosion kills five at illegal fuel storage site, Nigeria
Five people have been killed in an explosion at an illegal refinery in Rivers State, Nigeria, on April 26 after a fire ignited in an area where illegally refined fuels were stored.
Spanish blackout caused by extreme weather and a major renewables failure for the first time
A widespread blackout that plunged Spain, Portugal, Andorra and parts of southern France into darkness this week was caused by extreme weather events that saw the renewable power system collapse, as now the third disaster starts.
Israel faces major wildfires in Jerusalem hills as authorities evacuate villages
Multiple wildfires are spreading rapidly through the Jerusalem hills area, forcing evacuations, closing major highways, and prompting Israel to request international firefighting assistance.
Ghana’s oil output stalls despite near-record production, PIAC warns of sectoral decline
Ghana narrowly missed matching its 2023 crude oil output by just 0.01%, equivalent to 7,000 barrels, according to the latest annual report by the Public Interest and Accountability Committee (PIAC).
Iraq facing worst drought in history as water resources dwindle and climate crisis intensifies
Iraq is facing what officials are calling the "worst drought in its history," as water resources continue to dwindle and agricultural land deteriorates across the country, threatening both human security and economic stability.
Nigeria may need to explore new options to meet growing LNG demand, analysts say
Africa’s LNG projects are attracting international investment owing to their scale and ability to serve growing global markets.
Caspian Sea may become next Aral, but who is to blame?
Some forecasting even indicates the decline of the body of water could pose a threat to the shipping section of the rapidly expanding Middle Corridor transit route.
Chipping point – the climate toll of AI chip-making in East Asia
The meteoric rise of AI is sparking a parallel and largely overlooked environmental challenge: the significant climate impact of chip manufacturing, particularly in East Asia, says a new report from Greenpeace.
Indonesia’s coal politics: maintaining a strategic market price despite Chinese resistance
Indonesia's recent efforts to impose a government-mandated coal benchmark price or Harga Batubara Acuan on exports face resistance from its largest buyer, China
Nigeria’s Dangote refinery denies closing petrol unit for maintenance
Nigeria’s 650,000 barrels per day (bpd) Dangote refinery has denied shutting down its petrol processing unit for maintenance despite a report by Bloomberg claiming that it was undergoing maintenance on April 25.
US LNG sector rebuffs Trump’s attempts to levy tariffs on Chinese-built vessels
The US LNG sector is pushing back against President Donald Trump’s attempt to force the industry to utilise US transport vessels through levying tariffs on Chinese-built ships using US ports.
Rubio denies reports of US planning to lift Nord Stream 2 sanctions
US Secretary of State Marco Rubio denied reports in a statement on X on April 24 that the White House is discussing lifting sanctions on the operator of Russia's Nord Stream 2 gas pipeline.
EU imports of Russian LNG slump 35% in April
The EU’s imports of Russian LNG fell by 35% year on year during the period from April 1-23, dropping from 1.7bn cubic metres to 1.14 bcm.
Cross-border oil smuggling reveals dark underbelly of US-Mexico trade nexus
A Utah couple stands accused of running one of the largest US-Mexico fuel smuggling schemes, allegedly moving 2,900 crude oil shipments worth $300mn—highlighting the deepening ties between white-collar and organised crime.
Chinese refineries handle record crude in March
It remains to be seen whether this reflects a genuine recovery in domestic demand.
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