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How well will the EU’s oil embargo on Russia’s seaborne exports work?
The EU’s oil embargo, contained in the sixth and eighth packages of sanctions, comes into effect on December 5 and is likely to severely disrupt Russia’s oil trade but not stop it.
Putin tells Scholz Russian strikes on Ukraine’s energy infrastructure inevitable, rejects Biden’s call for talks
Speaking to a Western leader for the first time since September, Russian President Vladimir Putin told German Chancellor Olaf Scholz that Russian strikes on Ukraine’s energy infrastructure were “inevitable,” and rejected US calls for talks.
AfrElec: Bboxx signs €11mn deal to boost electrification in Togo
ING: Europe faces stiff competition for natural gas
The collapse in European natural gas prices in recent months has created a false sense of security. While the current winter appears to be more manageable, the region will find it more difficult to build adequate storage for the 2023/24 winter.
LNG in Europe: ready or not?
With the reliable supply of Russian gas to Europe a thing of the past since the eruption of war in Ukraine, many European countries have been scrambling to find alternative sources of energy. Many have turned to LNG.
NorthAmOil: ExxonMobil, MHI to deploy CO2 capture technology
ExxonMobil and Mitsubishi Heavy Industries (MHI) have joined forces to deploy MHI’s CO2 capture technology as part of ExxonMobil’s end-to-end carbon capture and storage (CCS) solution for industrial customers.
AfrElec: Dubai’s AMEA Power reaches financial close on two 500-MW renewable energy projects in Egypt
GLNG: Bangladesh turns to Brunei for LNG supply
AsiaElec: China makes advances in nuclear power capacity
Sino-Russian ties continue to deepen as Western sanctions drive their economies together
Widely seen as a marriage of convenience, economic ties between Russia and China are rapidly deepening as the two countries are driven together by pressure from the West.
REM: British prime minister may U-turn on onshore wind
Russia proposes Kazakhstan and Uzbekistan join “gas union”
Goal of proposed union is to coordinate transport of Russian gas across Central Asia as Moscow seeks new markets in response to Western sanctions.
Kazakh authorities threaten to nationalise energy firms over ongoing blackouts
Warning issued after accident at a power plant in northern Kazakhstan that left thousands without electricity amid freezing temperatures in the city of Ekibastuz.
Oil price cap deal still proves elusive for EU
EU negotiators ended talks on capping Russian oil prices on November 25 without coming to a hoped-for agreement, as Poland and the Baltic States opposed a proposal that they felt would have left Moscow with too much revenue from its crude exports.
FSUOGM: FSB claims sabotage foiled at "South Stream" gas pipeline
DMEA: Israel eyes new gas export route to Europe
NewMed Energy (Israel) has indicated that it does not want Egypt’s LNG plants to be the sole export outlet for natural gas from the Leviathan field.
AfrOil: Eco Atlantic strikes out at Gazania-1
UK-based Eco (Atlantic) Oil & Gas said it had not found any crude oil or natural gas in the Gazania-1 exploration well at Block 2B offshore South Africa in the Orange basin.
EurOil: Equinor, partners sign off on $1.4bn gas field development
LatAmOil: EPA imposes new permitting requirement on USVI refinery
The US EPA has told the owner of the Limetree Bay Refinery in the US Virgin Islands (USVI) that it may not resume operations unless it first obtains a new comprehensive Clean Air Permit.
AsianOil: Indonesia set to decommission first offshore platform
Azerbaijan's State Oil Fund reports over $5bn in losses from asset management and FX in first nine months
SOFAZ reported losses from asset management of $2.659bn, or 5.7% of its value, as well as extra-budgetary expenses amounting to $2.46bn, largely due to exchange rate appreciation.
Gazprom admits Moldova paid its bills but keeps December deliveries at under half of contracted amount
Energy crisis in Moldova continues as Gazprom refuses to increase deliveries, accusing Chisinau of "frequent payment breaches".
Three contenders reportedly in race for Enel’s €1.9bn Romanian energy assets
Italian utility group Enel plans to sell its subsidiaries in several countries including Romania next year.
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