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MEOG: Iranian drilling and supplies for Jordan
LatAmOil: SENER formally names Pemex as operator of Zama oilfield
US-based Talos Energy has confirmed its receipt of documents from Mexico’s Secretariat of Energy (SENER) finalising the decision to award Pemex control of the offshore acreage that includes the Zama oilfield.
GLNG: Tellurian starts construction on Driftwood LNG
US-based Tellurian announced on March 28 that it had kicked off construction on its Driftwood LNG terminal on Louisiana’s Gulf Coast.
FSUOGM: Russian requires ruble payments within days
EurOil: Germany unveils plan to phase out Russian energy
DMEA: Shootout at Dangote
AsianOil: Sinopec plans biggest capex budget in history
China’s Sinopec is targeting the largest capital expenditure budget in its history for 2022.
AfrOil: NUPRC highlights oil thefts from Bonny, Forcados, Brass pipeline networks
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has identified the pipeline networks serving the Bonny, Forcados and Brass terminals as the biggest sources of crude oil theft in the country.
Hidroelectrica shareholders poised to announce long-awaited IPO
Listing of Romanian energy company Hidroelectrica expected to result in a major IPO estimated at around €1.8bn.
Rosneft-owned Schwedt refinery near Berlin puts the problems with sanctioning Russian oil under the spotlight
The oil refinery in Schwedt supplies Berlin with 95% of its oil products, but it is owned by a Russian oil company and imports all its oil from Russia. Forcing it to stop is not so easy, the German government has found.
Ireland's Avolon and Turkey's Gozen to pioneer 'flying taxi' services in heavily congested Istanbul
Avolon among launch customers for up to 1,000 zero-emission electrical vertical takeoff and landing (eVTOL) aircraft being developed by New York-listed Vertical Aerospace.
Rosatom reportedly pulling out of Paks project
State-owned Russian energy company could struggle to fulfil delayed nuclear contract because of sanctions over Ukraine war.
COMMENT: Russia could lose its gas customers if it insists on payment in rubles
Converting payment for gas exports into rubles is a solution to a short-term problem that runs the risk, with a high probability, of completely losing the sales market in the long term.
Ukraine’s almost impossible switch from Russian to the European power grid during invasion
On the day before the war with Russia started, Ukraine managed to unhook itself from the Russian electricity grid and hook itself up to the European grid. Within two weeks the two systems were synchronised, the fastest synchronisation ever.
G7 refuses Russian demand for its gas to be paid in rubles
The G7 group of industrialised economies has unanimously agreed to refuse Moscow's demand that all gas imports from Russia be paid in rubles, saying that this is a breach of contract.
Uzbekistan puts up ‘for sale’ sign amid chill of Ukraine war
Tashkent is selling its "crown jewels," but Russia's war in Ukraine is dampening the mood.
Albania to hold monthly car-free days as fuel crisis bites
The move was motivated by both environmental concerns and – more urgently – the need to reduce fuel consumption at a time when prices have risen sharply, sparking a series of protests.
ING: Pressure to reduce Russian gas dependence builds – but there’s no silver bullet for sectors
Corporate decision-makers have a handful of measures available to them to significantly reduce gas demand from Russia. Gas to coal switching, curtailment of industrial production and lowering thermostats can have a big impact.
ANP head comments on projected pace of Brazil’s oil production increase
Rodolfo Saboia, the director-general of Brazil’s ANP, said last week that his country was on track to raise its hydrocarbon production by 3mn barrels of oil equivalent per day by the end of the decade.
Confusion reigns over what Putin’s gas for rubles order means for Russia
Confusion is reining amongst analysts and energy traders over why Russian President Vladimir Putin has ordered gas export deals to all be settled in rubles on March 23. The main issue is Russia cutting itself off from earning dollars and euros.
Serbia prepares to start talks on new Russian gas contract
Serbia has so far resisted calls from EU leaders to join western sanctions on Russia, though it has condemned the invasion of Ukraine.
Kazakhstan assesses how to bypass CPC pipeline after Russia announces 'storm damage' shutdown
Amid oil market tensions caused by Ukraine war, analysts raise questions on timing of interruption. None of pipeline’s western partners have been able to inspect the facilities.
COMMENT: The economic rationale for an oil and gas embargo on Putin’s regime
Stopping purchases of Russian oil and gas is likely to be the fastest way to stop Putin’s war in Ukraine. It is also the most economically efficient one.
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