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Russia announces it will slash gas flow via Nord Stream 1 by 60%

15 June 2022

Russia’s Gazprom has announced it is slashing gas flow via the Nord Stream 1 pipeline by 60%, blaming Siemens’ failure to repair compressor units on time and other technical problems at the Portovaya compressor station.

LatAmOil: APA finds water in Rasper well offshore Suriname

15 June 2022

Houston-based APA Corp. has finished drilling the Rasper exploration well at Block 53 offshore Suriname without finding any hydrocarbons.

AfrOil: TotalEnergies makes FID on $850mn CLOV Phase 3 project

15 June 2022

Angola’s National Agency for Petroleum, Gas and Biofuels (ANPG) says France’s TotalEnergies has made a final investment decision on the $850mn Phase 3 development project at the CLOV oilfields within Block 17.

NorthAmOil: BP exits oil sands, enters Bay du Nord via Cenovus deal

15 June 2022

BP announced this week that it had reached an agreement with Cenovus Energy that will see it relinquish its 50% stake in the Sunrise oil sands venture while farming into the undeveloped Bay du Nord project offshore Newfoundland and Labrador.

AsianOil: CPC receives Taiwan’s first cargo of carbon-offset crude

15 June 2022

Taiwan’s CPC announced on June 12 that it had received the country’s first cargo of certified carbon-offset crude.

Turkmenistan: Masks off

15 June 2022

Uniting in paranoia with Russia, warming to Iran, and opening for business. This and more in Eurasianet's weekly Turkmenistan briefing.

Tanzania: Scirocco to sell 25% stake in Ruvuma PSA to Wentworth

14 June 2022

AIM-listed Scirocco Energy announced has arranged to sell its 25% stake in the Ruvuma block in southern Tanzania to UK-based Wentworth Resources.

Russian energy export revenues up 40% in May despite sanctions

14 June 2022

Despite the West’s push to phase out Russian energy imports and deprive the Kremlin of revenues to finance its war in Ukraine, the country’s export revenues were in fact up by almost 40% year on year in May.

Uzbekistan, Russia's Rosatom discuss 'cost optimisation' for nuclear plant

14 June 2022

Tashkent indicates it has concerns that the project may not be economically feasible.

Fate of Russian Arctic megaproject Vostok Oil up in air amid sanctions, EU embargo

13 June 2022

A year ago, Rosneft’s Vostok Oil megaproject in the Arctic was heralded as the next frontier for Russia’s oil industry and the biggest investment since the 1970s. Today Russia is sanctioned and the mega-project is unlikely to happen.

PdVSA orders filling stations to end subsidy by pricing diesel in US dollars

10 June 2022

Venezuela’s national oil company PdVSA has instructed more than 100 filling stations around the country to begin selling diesel in US dollars.

NGC seeks to create hydrogen-based economy

10 June 2022

Trinidad and Tobago’s state-owned Natural Gas Co. (NGC) is working with its subsidiary National Energy and independent consultancy Kenesjay Green Ltd to create a sustainable hydrogen-based economy.

MOSCOW BLOG: Energy wars and green energy

10 June 2022

How successful will the West be in the coming energy wars and is it wishful thinking that Ukraine could use its Marshall Plan reconstruction money to become Europe's hydrogen powerhouse?

The Fourth Russia – Green Ukraine

10 June 2022

The energy crisis that has wracked Europe since the EU began to cut itself from Russian energy five years ago has had a silver lining. It has driven the transfer to renewables much faster than anyone could have hoped, nowhere more than Ukraine

Nuclear deal dealt possible death blow as Iran yanks UN cameras

10 June 2022

Responding to move, IAEA nuclear inspectorate chief says there’s now only a three to four-week window to find a way to reinstate the agreement aimed at ensuring Tehran doesn’t pursue building an atomic bomb.