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Romania reports new gas from Black Sea, expects 90% gas self-sufficiency
Energy minister says Black Sea Oil and Gas’ Midia development will boost self-sufficiency, as Europe tries to end dependence on Russian gas.
Europe’s gas storage on track to meet 80% full by start of heating season
Europe’s gas storage tanks were 58.23% full as of June 26 and are still on course to hit the EU target of 80% full by October 1, the traditional start of the heating season, despite Russian cuts in gas flows to Europe this month.
AfrElec: British International Investment, Norfund, Scatec to invest $200mn in African hydro
Tug of war emerging over what role Iran (and its oil) should play in new world order
France calls for efforts to get Iranian oil back on the market as Tehran re-enters nuclear deal talks, Tehran says it has applied to join BRICS and Israel secretly discusses defence coordination against Iran with Saudi Arabia.
Petroecuador seeks private partner to cut gas flaring in Amazon
Petroecuador is seeking a private-sector partner in order to prevent the further flaring of associated gas during crude production in the Amazon, in line with a court-imposed deadline.
Gas crisis: Can Europe store enough gas this summer to get through the winter?
“Winter is coming, and the night is full or terrors.” The Game of Thrones' most famous quote would serve well as a morning greeting for gas traders as they come into work.
African gas pipeline projects revived due to European gas crisis
A mounting gas crisis in Europe caused by Russia’s decision to reduce flows has revived several African gas pipeline projects to take over from the Russian deliveries.
AsiaElec: China looks to space solar by 2028
Ukraine targets oil infrastructure inside Russia
A fire at an oil refinery 150 km behind Russia's front line has been widely attributed to a kamikaze attack by Ukrainian drones. This is only the latest in a series of targeted acts of sabotage in Russian territory.
Russia to back €1.5bn investment in two gas-fired power plants in Bosnia’s Republika Srpska
Bosnian Serb leader Milorad Dodik announces major investment after he blocked Russia sanctions and voiced strong support for Russian President Vladimir Putin in St Petersburg.
NorthAmOil: Targa to buy Lucid in $3.6bn Permian acquisition
Targa Resources announced on June 16 that it had struck a deal to buy Lucid Energy from Riverstone Holdings and Goldman Sachs Asset Management for $3.55bn in cash.
MEOG: Kuwait to drill offshore
LatAmOil: APA reports on size of Krabdagu-1 well offshore Suriname
APA Corp. (US) revealed on June 21 that Krabdagu-1, an exploration well drilled at Block 58 offshore Suriname, appears to contain at least 180mn barrels of oil in place (OIP).
EurOil: US-EU launch pathway to curb emissions
DMEA: Al-Zour commissioning under way
AsianOil: JGC Indonesia awarded EPC contract for Akatara gas plant and pipeline
Japan’s JGC Holding's subsidiary, JGC Indonesia, has won an EPC contract from Jadestone Energy for a gas processing facility and pipeline for the Akatara field.
AfrOil: First gas loaded into Coral Sul FLNG
The Coral South LNG consortium is on track to begin producing LNG on schedule in the second half of 2022, as it has begun loading natural gas into the Coral Sul floating LNG vessel.
China, India overtake Germany as Russia’s biggest buyer of crude oil
Oil imports by China and India from Russia have surged thanks to the sanctions on Russia in May to overtake Germany as Russia’s biggest trade partner.
GLNG: QatarEnergy adds more JVs for NFE development
REM: Desert climates in parts of Central Asia have spread up to 100 km since 1980s, says study
AfrElec: Nigeria needs $100bn to boost electricity supply, says World Bank
Nigeria needs around $100bn in the next 10 years to tackle the country’s unreliable power supply, the World Bank has estimated.
Russia-EU gas crisis enters next phase as Germany, Italy and France all report cuts in supply
The crisis in the EU-Russia gas relationship has taken another turn for the worse, with Germany, Italy and France all reporting cuts in supply after all three countries backed Ukraine’s bid for EU candidate status.
COMMENT: Fiscal challenge for Azerbaijan is to not spend the oil price boom
Counter-cyclical fiscal policy needed. Among other things, more modest budget spending would help country combat soaring inflation.
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