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Ecuador to fund construction of new transmission system for oil sector

The government of Ecuador will make funds available to private companies for the construction of $1.9bn worth of new energy facilities, including a new transmission system for the oil sector.

Eni launches Cabaça North at Block 15/06

Italy’s Eni said last week that it had launched the Cabaça North development project at Block 15/06 offshore Angola.

AfrElec: Coal closures could save megacities from pollution-related deaths

The closure of coal fired-plants located close to urban centres across the developing world in line with the 1.5 degree climate targets would prevent hundreds of thousands of deaths and drastically cut the economic fallout of air pollution.

AsiaElec: Asia’s poorest nations call for rich states to keep their $100bn funding promises

A group of 11 of Asia’s poorest countries have called on the world’s richest states to keep to their promise of $100bn per year in climate finance in order to protect some of the world’s most vulnerable countries from climate change.

LatAmOil: Ecuador funds new transmission system for oil sector

The government of Ecuador will make funds available to private companies for the construction of $1.9bn worth of new energy facilities, including a new transmission system for the oil sector.

AfrOil: Eni launches Cabaça North at Block 15/06

Italy’s Eni has launched the Cabaça North development project at Block 15/06 offshore Angola.

EurOil: Groningen to close as planned

FSUOGM: Novatek deputy chairman faces US tax charges

The Ukrainian government appoints new members to the Naftogaz executive board

Ukraine’s Cabinet of Ministers of Ukraine has appointed new members to the executive board of Naftogaz of Ukraine after sacking the old members last week, Naftogaz said in a press release on September 28.

FPRI BMB Russia: Oil prices over $80, Russia accused of playing politics to get long-term deals

The price of gas in Europe has increased dramatically in recent weeks, influenced by surging demands and insufficient production. The price of North Sea Brent crude approached the level of $80 per barrel for the first time in three years.

ENERGO: Low-carbon energy at 90% by 2035, Russia tells the world

DMEA: Jazan deal and refining fears

MEOG: Drilling IPO and LTAs

AsianOil: Beach to sell LNG to BP

Australian independent Beach Energy has agreed to sell its share of liquefied natural gas (LNG) production from the Waitsia project onshore Western Australia to super-major BP.

NorthAmOil: PennEast Pipeline stops development

PennEast Pipeline said this week that it would stop developing its proposed pipeline from Pennsylvania to New Jersey.

GLNG: Cheniere receives green light to introduce feed gas to Sabine Pass Train 6

US LNG giant Cheniere Energy has been given the go-ahead by regulators to introduce feed gas to Train 6 at its Sabine Pass export terminal in Louisiana.

Uranium: what the explosion in prices means for the nuclear industry

The primary fuel for nuclear plants was sliding for much of the 2010s, with no signs of a major turnaround. Yet since mid-August, prices have surged by around 60% as investors and speculators scramble to snap up the commodity.

REM: EBRD, EU and GCF support green investments in Morocco

EBRD president urges Kazakhstan to press ahead with natural gas projects with focus on transition fuel

LONG READ: How a V-shaped market and ageing pipes and fields sent gas prices soaring

Russia has been accused of cutting gas supplies to Europe to force the EU to certify its new Nord Stream 2 pipeline, but most of the record-breaking prices can be explained by steep V-shaped market forces and ageing fields and pipelines.

France’s Veolia to help Uzbek capital modernise heat supply system

Novatek deputy chairman arrested over allegedly hiding $93mn from IRS

The deputy chairman and former CFO of Russia’s second-largest gas producer Novatek, Florida businessman Mark Gyetvay, has been arrested in the US on tax charges relating to $93mn that was hidden in offshore accounts.

ING: ECB’s push for net-zero carbon will grow ESG credit

In the push for reducing carbon, significant investment will be necessary, and in turn, funding will be required. This will provide growth for the credit market, and in particular for anything associated with ESG.

Russian petrochemical giant Sibur merges with rival TAIF

Russia’s biggest petrochemicals company Sibur has closed a deal to take over 100% of its Tatarstan-based rival TAIF in an equity swap that will leave the shareholders of TAIF with 15% of the merged company and bonds.

Poland’s PM skips regional summit to snub Czech premier Babis over mine row

Poland reportedly plans to suspend cooperation with Czechia in the Visegrad Group until the mine’s case has been resolved in an amicable way.