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Petro Rio set acquire 90% of Albacora Leste
Brazil’s Petro Rio is set to acquire a 90% share in the Albacora Leste field after striking a deal worth $1.951bn with the national oil company Petrobras.
Siemens to wind down Russian operations
Should Siemens indeed pull out of Russia for good, it is unclear whether alternatives to Siemens gas turbines will be provided by domestic players.
REM: California sets goal for offshore floating wind of 3 GW by 2030 and up to 15 GW by 2045
California officials have set a 3-GW goal for 2030 and up to 15 GW by 2045 of offshore wind, according to a draft report by the California Energy Commission (CEC).
EBRD 2022: Trade Commissioner hopeful for EU oil export ban deal to strike Russian war machine
European Trade Commissioner Valdis Dombrovskis says sanctions on hydrocarbons will get "to the heart of the Kremlin war machine financing".
LatAmOil: Chevron seeks new opportunities offshore Brazil
Chevron is looking for openings to invest in major new projects in Brazil’s offshore zone, according to Mariano Vela, the US major’s country manager.
Russia gas flows to Europe via Ukraine disrupted by war for the first time
Part of Russian natural gas transit flows to Europe via Ukraine were halted due to the war on May 11, sending European gas prices spiking.
EBRD 2022: Coal-dependent Kosovo prepares for leap to renewables
Kosovo, which relies heavily on coal power generation, is preparing to leapfrog entirely over natural gas power, straight to renewable energy.
DMEA: Duqm study and Iran dealing
AfrOil: South Sudan plans slow-motion nationalisation of oil sector
Awow Daniel Chuang, the undersecretary of South Sudan’s Ministry of Petroleum, said on May 6 that Nilepet, the national oil company, had begun the process of taking over the projects now led by foreign investors.
AsianOil: Chinese yards to stop work on modules for Arctic LNG 2
Chinese yards are reportedly set to halt work on modules for the Novatek-led Arctic LNG 2 project in Russia by the end of May.
Turkish scientists work on charging mobile phones using wearable organic solar cells
Small panels weaved on to a shirt or coat could mean never having to bother with a charger.
NorthAmOil: Canada in talks on expediting East Coast LNG exports
The Canadian government is in talks with the developers of two proposed LNG export terminals on Canada’s East Coast to see whether it can help expedite those projects, it emerged last week.
MEOG: Energean makes East Med find
Bulgaria considers vetoing EU’s embargo on Russian oil imports
Bulgaria want to delay implementation of the ban on Russian oil imports planned by the EU so that its sole refinery, Lukoil Bulgaria, gets time to adjust to process other type of oil.
GLNG: Mitsui writes down value of Russian LNG investments
Japan’s Mitsui & Co. said this week that it had written down the value of its investments in two Russian LNG projects by a combined JPY80.6bn ($617mn).
Lithuania launches GIPL gas link with Poland
The €500mn pipeline will enable the Baltic states and Finland to receive pipeline gas from Western Europe for the first time.
Hungarian government weighs alternatives to Russian energy
The fundamental problem remains that the government has done little to lessen its dependence on Russian energy sources over the past 12 years; if anything, it has deepened its dependence.
Serbia to get Europe's largest agro-solar plant
Fintel Energija and MK Group signed a memorandum of understanding with PowerChina on the €340mn Agrosolar project in Kula.
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