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Global maritime chokepoints are clogging up
Yemen's Houthi rebels are intensifying their attacks on vessels in the Red Sea, with three commercial ships and a US military unit targeted in the middle of December. All the shipping chokepoints are becoming fouled up.
Kazakhstan: Freezing temperatures cause infrastructure failures – again
Officials have sought to downplay the problems, describing them as “technological disruptions”.
AfrElec: Masdar advances 10-GW Africa energy transition growth plan
NorthAmOil: Occidental to acquire CrownRock for $12bn
Warmest Arctic summer on record is evidence of accelerating climate crisis, says NOAA
The Arctic region is heating up faster than any other part of the world, according to the US National Oceanic and Atmospheric Administration’s 2023 Arctic Report Card.
Masdar and OMV to decarbonise refineries
Growing clean energy company Abu Dhabi Future Energy Company (Masdar) has signed a non-binding heads of terms (HoT) development agreement with OMV – an integrated company for energy, feedstock, chemicals, materials and fuels.
REM: COP28 agrees to triple renewables by 2030
COP28 agrees to triple renewables by 2030
COP28 ran overtime, and nearly 200 countries finally agreed to transition away from fossil fuels, and to triple renewable energy and double energy efficiency.
Deal on transition away from fossil fuels struck at COP28
Compromise agreement reached after hottest year on record does not explicitly commit to phase-out of fossil fuels.
South Africa contracts US-sanctioned Russian bank Gazprombank to revive gas refinery
South Africa has picked Russian state-owned bank Gazprombank to help its national oil company PetroSA revive a gas-to-liquids plant, a deal reportedly worth about $265mn.
One year on: laundromat countries allow Russia to dodge oil price cap sanctions
While it is clear that the sanctions have not reduced the Kremlin’s resolve for war one year on, a CREA analysis revealed that the EU oil import ban and G7 price cap have cut the country’s export earnings from oil by only 14%.
Iran’s petchem exports down 18% in first seven months
Iranian petrochemical exports plunged 18% in the first seven months of the current Persian calendar year (March 21-October 22), with exporters blaming the noticeable drop on the monetary policies of the Central Bank of Iran (CBI).
Masdar advances 10GW Africa energy transition growth plan
UAE-based Masdar is advancing a 10-GW growth plan across six Sub-Saharan nations. The announcements were made during COP28, in Dubai in the UAE.
New Bulgaria-Serbia gas pipeline put into operation
Bulgarian president says interconnection that will carry Azeri gas to Serbia “changes the energy map of Europe”.
DMEA: Major oil companies pledge to cut methane emissions
AsianOil: Thailand faces energy dilemma amid global uncertainties
AfrOil: Shell allots $5bn to Bonga North
LatAmOil: ExxonMobil committed to Guyana despite Venezuelan vote
Iran to get Chinese assistance to make oil and gas fields AI-oriented
Iran plans to launch a joint venture with Chinese tech companies to employ artificial intelligence (AI) to “digitalise” production in its oil and gas fields, the research and technology head of the National Iranian Oil (NIOC) said.
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