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Iran overestimating oil sales leads to $8bn budget deficit
Iran has been ramping up its oil production and exports this year, but it has overestimated the volume and value of sales leading to an $8bn hole in its budget
Major companies seek COP28 deal on quitting fossil fuels
More than 130 companies – including Bayer, eBay, Heineken, IKEA, Nestle, Mahindra Group and Volvo – are calling for a timeline for the phase-out of unabated fossil fuels.
REM: Major companies seek COP28 deal on quitting fossil fuels
IEA predicts fossil fuel will peak globally by 2030
Major shifts underway will result in a considerably different global energy system by the end of this decade, according to the International Energy Agency’s new World Energy Outlook 2023.
Bulgaria to start building two new reactors at Kozloduy NPP
Bulgaria to expand Kozloduy with new nuclear reactors as it seeks to end dependence on Russian energy imports.
Study shows increased West Antarctic Ice Sheet melting is 'unavoidable'
Increased West Antarctic Ice Sheet melting is unavoidable, according to a study by the British Antarctic Survey. The resulting rise in global mean sea level will be enough to submerge major cities from New York to Mumbai and Shanghai.
War in Gaza won’t change the outcome for East Med Gas Pipeline (EMGP) project
War in Gaza won’t change the outcome for EMGP, which lost too much momentum before the Mideast fell into conflict.
“Don’t sanction Russia’s oil: tax it,” says ex-Naftogaz chief Kobolyev
Sanctions on Russia’s oil exports aren’t working. Russia has found too many partners in the global south that are willing to process or re-export its oil, and Moscow has too many ships in its shadow fleet that can avoid sanctions. So tax it.
Montenegrin NGOs urge European Commission not to build LNG terminal at Port of Bar
Critics accuse European Commission of actively encouraging higher fossil gas consumption across the Western Balkans.
Kazakhstan: Government does hard sell on nuclear, but public remains wary
It also remains to be worked out how the authorities intend to fund a project that could end up costing $12bn.
AsianOil: Indonesia's Masela LNG project future uncertain as hybrid approach is considered
EurOil: European gas prices soar to two-month high
FSUOGM: Gazprom opposes liberalisation of Russian LNG exports
Bulgaria, Turkey gas supply deal could be coverup for Russian gas imports, US ex-diplomat says
European Commission already probing deal between Bulgargaz and Turkey’s Botas.
MEOG: Qatar to supply LNG to Netherlands
AsiaElec: Energy scandals lead to dismal solar outlook in Taiwan
South Africa’s Cabinet approves green hydrogen commercialisation strategy
South Africa’s Cabinet has approved the green hydrogen commercialisation strategy aimed at positioning the country as a major producer and exporter of green hydrogen.
Uganda set to announce winning bid for Hoima refinery in November
Uganda is expecting to announce a winner in November from four groups of bidders competing for the proposed 60,000 barrel per day (bpd) Hoima oil refinery, according to comments made by Energy Minister Ruth Nankabirwa on October 17.
Oil sanctions are a spent cannon
When sanctions on Russia’s oil were introduced they were hailed as deadly blow to Russia’s finances and were expected to swiftly bring the Kremlin to its fiscal knees. This didn't happen.
Russian energy giants Gazprom and Rosatom offer to help end South Africa energy crisis
Russian energy giants Gazprom and Rosatom say they want to help end energy crisis in South Africa.
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