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REM: US installs 6.6 GW of clean power in Q1
The United States installed 6.6 GW of new clean power with 90 projects coming online in the first quarter of 2022, says a new market report from the American Clean Power Association
AsiaElec: China doubles coal imports from Russia
NorthAmOil: Centennial, Colgate in largest shale merger of 2022
Centennial Resource Development and Colgate Energy Partners III announced on May 19 that they had agreed to combine in what the companies described as a merger of equals.
LatAmOil: Bolivian gas supply cuts may lead Petrobras to import more LNG
Brazil’s national oil company Petrobras has said it may need to import more LNG due to an unexpected cut in shipments of natural gas from Bolivia.
DMEA: Nigeria’s grand refining plans
GLNG: Regas rates at Grain LNG reach record levels as European demand soars
The Grain LNG terminal in the UK posted record gas send-out levels in April, as high demand for gas from Europe pushed utilisation rates up, with LNG tankers arriving from eight new countries since January.
FSU OGM: Russian bookings generating new business for Sovcomflot
Russia’s state-owned tanker operator Sovcomflot (SCF) is still attracting plenty of business, with a surge of recent bookings from Russian oil producers partially making up for the loss of Western clients.
AsianOil: Australian election spells new uncertainty for oil and gas
Australia’s federal election, held on May 21, has resulted in a change of government following a victory by the Australian Labor Party (ALP).
AfrOil: Germany, Senegal focus on prospects for gas co-operation
Natural gas projects were among the key items on the agenda at a meeting between German Chancellor Olaf Scholz and Senegalese President Macky Sall.
MEOG: Gas plans and oil discoveries
EurOil: Schroeder steps down from Rosneft board
Sibur CFO O’Brien quits as sanctions decimate Russia’s foreign executive ranks
Peter O'Brien, chief financial officer of Russia’s largest petrochemical company Sibur, has left the company as sanctions decimate the ranks of Russia’s foreign executives, bne IntelliNews can reveal.
Poland terminates Yamal pipeline agreement ahead of schedule
Poland’s Climate and Environment Minister Anna Moskwa announced on May 23 that her country was terminating its inter-governmental agreement (IGA) with Russia on natural gas deliveries via the Yamal-Europe pipeline.
Fall in hydropower production puts Albania’s finances under pressure
Albania’s electricity generation fell in Q1, forcing the country to increase imports more than sevenfold at a time when prices are soaring.
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.
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