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LatAmOil: Staatsolie confirms plans for deepwater auctions in Q4-2022

10 October 2022

Staatsolie, the national oil company of Suriname, has confirmed that it still intends to launch a licensing round for deepwater acreage before the end of this year.

AfrOil: DR Congo rejects US request to scale back onshore licensing round

10 October 2022

The Democratic Republic of Congo (DRC) has rejected a request from US climate envoy John Kerry to reduce the number of blocks included in its current onshore licensing round from 30 to 24.

DMEA: UAE’s retail fuel consumption up

10 October 2022

The UAE is seeing retail fuel consumption grow on the back of improvements in the economy, but without returning to the level that prevailed before the coronavirus (COVID-19) pandemic.

Kyiv fires back at Putin's order to take over Zaporizhzhia power plant

7 October 2022

Russian President Vladimir Putin signed a decree transferring the occupied Zaporizhzhia nuclear power plant (ZNPP) to Russian federal ownership, Ukrainian Pravda reported on October 5. In turn, Ukraine condemned the illegal action.

Serbia and Croatia spar over ban on oil transport through Janaf pipeline

6 October 2022

Belgrade blames historic differences with Zagreb for failure to secure exemption to EU ban on Russian oil imports.

MOSCOW BLOG: Russia and Saudi Arabia’s oil production cut is pre-emptive strike on EU’s price cap scheme

6 October 2022

Has Riyadh just sided with Putin by agreeing to cut oil production by 2mn barrels? It's more complicated than that.

EPH to invest €10.2bn into renewables in Germany

6 October 2022

The plans mark a major shift in EPH's strategy, which had been to bet that the green transition would take longer than expected.

NorthAmOil: TotalEnergies unveils plan to spin off oil sands operations

4 October 2022

France’s TotalEnergies has unveiled plans to spin off its oil sands operations in Canada into a new company as those assets do not align with its energy transition goals.

Hungary agrees on deferred payments with Gazprom for winter gas deliveries

4 October 2022

Agreement helps ease pressure on Hungary’s widening current account deficit and steady the sinking forint.

LatAmOil: Ecopetrol head says less Colombian oil is going to Asia

4 October 2022

Colombia’s national oil company Ecopetrol is sending a smaller share of its oil exports to Asia this year, as competition for Asian market share has ramped up in recent months.

DMEA: Oil begins flowing to Iraq’s Karbala refinery

4 October 2022

Iraq’s Oil Ministry announced on September 25 that the Karbala refinery had begun receiving feedstock in preparation for trial production.

AfrOil: Gasoline subsidies called main driver of Nigerian public debt

4 October 2022

Patience Oniha, the director-general of Nigeria’s Debt Management Office (DMO), said on September 27 that domestic gasoline subsidies were the primary cause of the ongoing rise in public debt.

OPEC+ makes 2mn bpd cut, angering the US

3 October 2022

Months of badgering by Western leaders counted for nought this week as OPEC+ announced a 2mn bpd quota reduction that serves to bolster prices and cover up issues raising production.

EU members still fail to see eye to eye on gas price cap

2 October 2022

EU member states met again on September 30 to discuss imposing a price cap on gas imports, but there is still little consensus on what form the measure would take.

Ongoing shifts in Venezuela’s relationships with Russia, Iran

29 September 2022

Russia’s entry into the ranks of countries sanctioned by the US appears to be damaging ties with Venezuela – and giving Venezuela reasons to expand its existing co-operation with Iran.

Report says Russian gas supplies to Europe via TurkStream now endangered

29 September 2022

Gazprom unit that operates pipeline said to be withdrawing all technical support.