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NorthAmOil: Los Angeles bans new oil wells, to close existing wells
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
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
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.
ENERGO: Russian coal exports hit fresh highs after EU shipping sanctions were softened
AsiaElec: Vietnam targets 28 GW of wind capacity by 2030
bneGREEN: Vertical farms to feed the cities of the future
Indoor vertical farms in Emerging European cities are replacing costly and polluting air imports to supply leafy vegetables for the region’s urban populations.
REM: First California offshore wind auction tops $757mn
PM’s attempt to quell Mongolia’s ‘coal mafia’ protests drowned out by livid crowds
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
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
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.
Turkmenistan: A shining city in a book of records
Russia is proposing a major reconfiguration of the Central Asian gas market. Eurasianet’s weekly Turkmenistan briefing.
Hungary scraps fuel price cap after panic buying leaves pumps dry
The chaos and the hike in prices are a huge embarrassment to Prime Minister Viktor Orban, who introduced the cap in November last year to ease rising inflation before the election.
LatAmOil: BP affiliate to market Guyanese oil in 2023
Guyana’s government has granted a subsidiary of BP (UK) the right to market its share of crude oil extracted from the Liza-1 and Liza-2 oilfields at the offshore Stabroek block in 2023.
AsianOil: India's embrace of natural gas backfires
FSUOGM: China stresses close energy relationship with Russia
Can Russia sneak gas into the EU via a Turkish gas hub?
Russia has been eagerly pushing for the further development of Turkey as a “gas hub” for its gas supplies to Europe. Analysts are asking if this simply a ruse to dodge sanctions and surreptitiously continue to export gas to EU members.
Oil tanker jam forms off Turkey as Russian oil price cap disrupts markets
An oil tanker traffic jam has formed off the Turkish coast after the EU’s introduction of a price cap on global Russian crude supplies, the Financial Times reported on December 5. Turkish authorities are demanding new proof of full insurance cover.
All three refineries in Romania secured non-Russian oil
Latest Russian missile attack stifled by Ukrainian Air Defence
Russia fired more than 70 missiles at Ukraine on Monday, December 5, but Ukraine’s air defence unleashed an impressive performance and shot down over 60 projectiles, the Ukrainian Air Force tweeted on December 5.
DMEA: Kenyan insurer exits Ugandan oil pipeline consortium
Nairobi-listed Britam Holdings has withdrawn from a consortium of East African insurers providing coverage for the EACOP pipeline, saying the project does not meet its backers’ standards.
AfrOil: ExxonMobil reportedly preparing to exit Equatorial Guinea
ExxonMobil has reportedly started ramping down oil production at Block B, located offshore Equatorial Guinea, and aims to exit the country once its licence for the site expires in 2026.
Mongolians attempt to storm Government Palace as protests over coal profits scandal swell
Majority strived to keep the youth-led demonstrations peaceful, but the bitterness now held towards top officials runs deep and was clear for all to see.
MOSCOW BLOG: Oil embargo day
The EU’s oil embargo on importing Russian oil comes into effect today. The blanket ban on seaborne oil deliveries is softened by the oil price cap scheme, so that the EU can import oil from Russia provided it costs less than $60.
EU, G7 approve Russian oil price cap as embargo on country's crude comes into force
The EU and the G7 nations clinched a deal last week to fix the price of seaborne Russian crude oil exports at no more than $60 per barrel, aimed at crippling Moscow’s revenue stream while avoiding major disruption in the global oil market.
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