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EC President Von der Leyen tells Davos countries of future 'don't need oil and gas'
European Commission President Ursula Von der Leyen told delegates at the annual World Economic Forum in Davos that Ukraine belongs in the “European family".
Saudi energy minister says Russia will remain a part of OPEC+ group
Saudi Arabia will continue to include Russia in OPEC’s attempts to work with other oil-producing states to balance global energy markets, despite Western moves towards sanctions on trade in Russian crude.
Schroeder steps down as Rosneft board chairman
Gerhard Schroeder, Germany’s former chancellor, has resigned from his post as chairman of Russia’s state-owned oil producer Rosneft.
AfrElec: China's Sinohydro to build $214mn hydroelectric plant in Rwanda
The Rwandan government has started the construction of a brand new power plant, expected to boost the country’s electrical capacity by 43.5 MW by the end of 2024, it was announced.
Slovenia’s DEM to launch geothermal pilot project at abandoned well
If successful, DEM's project to exploit the geothermal energy potential of a dry, unproductive well could be replicated around the world.
Russia halts gas deliveries to Finland
Gazprom, Russia’s state-run natural gas giant, said on Saturday, May 21 that it had stopped all deliveries to Finland as of 6:00 a.m. local time.
Bulgarian PM says Putin tried to split EU and bring down his government with targeted gas cut-offs
Kiril Petkov believes Moscow deliberately targeted Bulgaria, where top officials were divided between Russia hawks and Kremlin sympathisers, with the aim of destabilising the government.
CGX needs more information before declaring Kawa-1 a commercial discovery
Canada’s CGX Energy, the operator of the Corentyne block offshore Guyana, has indicated that it is not ready to determine whether the hydrocarbon discovery at the Kawa-1 well is commercially viable.
Romania hopes to unlock Black Sea natural gas projects with revised Offshore Law
The amendments have been expected for years to unlock several investment projects in the country’s Black Sea perimeters that could bring in 6 bcm of gas a year from 2027.
Downstream impact
NewsBase takes a brief look at some of the economic and political fallout from the Russia-Ukraine war, with a focus on regional markets for jet fuel and diesel around the world.
REM: $315mn in winning bids announced for US offshore wind lease
TotalEnergies Renewables USA and Duke Energy Renewables Wind won a US government lease auction off the Carolinas with winning bids totalling $315mn. The tracts have a capacity of 1.3 GW.
NorthAmOil: Chevron sanctions Ballymore project in deepwater Gulf
Chevron announced on May 17 that it had taken a final investment decision (FID) on the Ballymore project in the US Gulf of Mexico.
MEOG: Turkish drilling, Saudi results
LatAmOil: CGX not yet ready to declare Kawa-1 commercial
Canada’s CGX Energy, the operator of the Corentyne block offshore Guyana, is not yet ready to determine whether the hydrocarbon discovery at the Kawa-1 well is commercially viable.
GLNG: Hammerfest LNG opening again delayed
EurOil: Germany, Qatar at odds in LNG talks
DMEA: Borouge IPO details emerge
AsianOil: Chinese refinery throughput down amid lockdowns
Chinese refinery throughput was down 11% year on year in April, the latest data from the National Bureau of Statistics have shown.
AfrOil: Afreximbank, APPO aim to create new oil and gas financing avenue
The African Export-Import Bank (Afreximbank) and the African Petroleum Producers Organisation (APPO) are teaming up to establish a new avenue of funding for oil and gas projects in Africa.
EU opens loophole for Russian gas-for-rubles scheme
The EU said that companies could keep buying Russian gas through Gazprombank without breaching sanctions for Russia’s military invasion of Ukraine, with the condition that they consider their obligations fulfilled once they pay in euros or dollars
Afreximbank, APPO sign MoU on establishment of pan-African oil and gas financing entity
The African Export-Import Bank (Afreximbank) and the African Petroleum Producers Organisation (APPO) are teaming up to establish a new avenue of funding for oil and gas projects in Africa, the African Energy Chamber (AEC) said.
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