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LatAmOil: Stabroek partner to buy $750mn in carbon credits from Guyana

14 December 2022

US-based Hess, a minority shareholder in the offshore Stabroek block, has signed an agreement with the government of Guyana on the purchase of 37.5mn carbon credits between 2022 and 2032.

DMEA: TNP, Forcados restarts bring Nigerian oil output up to 1.6mn bpd

14 December 2022

Nigeria has pushed crude oil production up to 1.6mn barrels per day thanks to the re-opening of the Forcados terminal and the partial resumption of shipments through the Trans-Niger Pipeline (TNP).

AfrOil: BW Energy preparing for 3D study of Kudu field

14 December 2022

BW Energy (Norway) says it will conduct a 3D seismic survey of the Kudu natural gas field offshore Namibia in order to identify additional exploration targets and attract a new investment partner.

Analysts say Turkmenistan told US diplomats ‘it’s not interested’ in Caspian gas-to-Europe connector project, wants major pipeline

13 December 2022

Ashgabat said to be signalling that “it won’t get out of bed for anything less”.

Novatek says Arctic LNG-2 remains on track for 2023 launch

13 December 2022

The first train at Novatek’s 20mn tpy Arctic LNG-2 project is still on track to start up in December next year, while the second and third trains should come online in 2024 and 2026 as initially planned, according to a project director.

Iran, China at odds in disputed islands row following Xi visit to Saudi Arabia

12 December 2022

Anger in Tehran palpable, but Iranians tread carefully by stopping short of stating that Chinese ambassador was “summoned”.

Gas crunch emerging in East as Kazakhstan fails to meet China’s import requests

10 December 2022

Try as it might, Beijing is unable to lock in Kazakh gas flows. Russian shipments via Uzbekistan might eventually be the answer.

CENUSA: Moldova chooses lesser evil and restores energy dependence on Russia-controlled Transnistria

9 December 2022

The current energy crisis has been the biggest challenge for Moldova since the beginning of the Russian aggression against Ukraine. It has had to swallow bitter medicine and make itself once more dependent on Russian power shared with Transnistria.

Uzbekistan rejects Putin’s proposed ‘gas union’

9 December 2022

Tashkent’s coolness towards scheme that would also involve Kazakhstan will be seen as another sign of growing fissure between Russia and Central Asia. Kremlin claims pact would have no political strings.

NorthAmOil: Los Angeles bans new oil wells, to close existing wells

8 December 2022

Los Angeles city councillors have voted unanimously to ban existing oil wells within city boundaries immediately, and to phase out existing ones within 20 years.

China has won water dispute with Kazakhstan

8 December 2022

Astana accepts that it cannot force China to use less water upstream. But the BRI may help it reduce its own water waste, a new paper argues.

Russian coal exports hit fresh highs after EU shipping sanctions were softened

8 December 2022

Russian exports of coal have soared to fresh highs after the EU softened sanctions on European shipping companies, allowing them to carry goods worldwide shortly after a ban was imposed in August as part of the fifth package of sanctions.

bneGREEN: Vertical farms to feed the cities of the future

7 December 2022

Indoor vertical farms in Emerging European cities are replacing costly and polluting air imports to supply leafy vegetables for the region’s urban populations.

PM’s attempt to quell Mongolia’s ‘coal mafia’ protests drowned out by livid crowds

7 December 2022

Amid the demonstrations on Ulaanbaatar’s streets, Mongolians young and old tell bne IntelliNews of their disillusionment and economic hardship.

Italian PM Meloni outlines new ambitious plan for Africa

7 December 2022

The Italian PM Giorgia Meloni revealed her government’s new policy towards Africa, speaking at a conference in Rome. The plan will be named after and inspired by historical oil entrepreneur Enrico Mattei, who promoted fair policies for Africa.

The world's biggest oil producers

7 December 2022

The United States is by far the world’s biggest producer of oil, having produced around 16.6mn barrels of oil on average per day in 2021, Statista reports.