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Angola, US to advance cooperation in developing oil and gas, critical minerals and renewable energy
Angola’s Minister of Mineral Resources, Oil and Gas Diamantino Azevedo and US Secretary of Energy Chris Wright met on June 11 in Washington, D.C. to discuss cooperation in the oil and gas, critical minerals and renewable energy sectors.
CNRL reportedly agrees to sell gas processing interest to address competition concerns
Canadian Natural Resources Ltd (CNRL) has reportedly agreed to sell 75% of its interest in its Seiu Lake natural gas processing plant to address competition concerns.
Energy Transfer expands offtake agreement with Chevron for Lake Charles LNG volumes
Energy Transfer has expanded its offtake agreement with Chevron for the planned Lake Charles LNG project in Louisiana.
Czech court rules against French EDF in Dukovany nuclear tender lawsuit
The regional court in Czechia’s second-largest city, Brno, has rejected the lawsuit of the French Électricité de France filed against the previous ruling of the Czech antitrust office ÚOHS.
East Asia’s regional embrace of nuclear power sees Taiwan sitting alone in the corner
In a baffling turn, Taiwan, long a technological and economic powerhouse, has allowed populist politics to sideline science and logic.
Venezuela eyes oil windfall, domestic production upsets as Iran tensions fuel market uncertainty
As fears mount over a potential closure of the Strait of Hormuz following US strikes on Iranian nuclear facilities, Venezuela is positioning itself to capitalise on possible oil price surges.
Where climate change policies are in action - Statista
Last year was the hottest on record, with the global average temperature more than 1.5°C above pre-industrial levels over an entire calendar year for the first time, Statista reports.
Syria receives IMF visit for first time since 2009
Conflict-torn country faces “enormous challenges”, says mission. Majority of GDP wiped out. Restoring power infrastructure alone could cost at least $40bn.
Nigeria’s NNPCL increases petrol prices
The Nigerian National Petroleum Co. Ltd. (NNPCL) has increased the pump prices of petrol to N915 ($0.59) per litre in Abuja and Lagos as global crude prices rose in part due to events in the Middle East.
EFCC arrests ex-NNPCL official and previous Warri managing director
Nigeria’s Economic and Financial Crimes Commission has arrested a former CFO of the Nigerian National Petroleum Co. Ltd (NNPCL), as well as a former managing director of the 125,000 barrel per day Warri refinery on June 23.
Can Kazakhstan deliver on the rare earth hype?
The expectation for the "new oil" is huge – but experts point out that it is still far too early to talk about the Central Asian country having massive, confirmed REE resources.
East Asia’s petrochemical industry: stuck between tradition and transition
As the global economy begins its gradual but determined pivot towards decarbonisation and renewable energy, East Asia's petrochemical giants now find themselves straddling two competing imperatives – legacy industries and a low-carbon future.
World could cross a dire climate threshold in 2028, says new report
A new scientific report warns that the world could deplete its remaining carbon allowance in just three years, driven by historic levels of greenhouse gas pollution.
AI could cut climate emissions
Artificial intelligence has the potential to reduce climate-heating emissions by as much as 5.4bn tonnes annually over the next 10 years.
“Invisible peril” heatwaves can kill 500,000 people yearly
Recent scientific studies show that up to 500,000 people die annually from extreme heat, surpassing the toll of natural disasters such as earthquakes, hurricanes and floods combined.
Challenges to Woodfibre LNG’s floatel dismissed by Canada’s Federal Court
Two legal challenges to Woodfibre LNG’s “floatel” application to house workers on for the LNG project have been thrown out by Canada’s Federal Court.
LNG Canada produces first gas for export
Canada has produced its first LNG for export with the Shell-led LNG Canada set to begin shipping the super-chilled fuel this summer.
Russia courts Mexico with LNG offer as energy ties with US face strain
Russia is pushing to boost energy ties with Mexico, offering LNG and tech support as the country faces ageing infrastructure, low output, and heavy reliance on US gas.
Farmers powerless to prevent five of the six staple crop yields from plummeting – New Scientist
Efforts by farmers to adapt to rising temperatures will not be enough to prevent severe losses in global staple crop production due to climate change, according to a new study published in New Scientist on June 18.
1,000 ships’ GPS jammed in Straits of Hormuz, sending up costs and disrupting deliveries
Over 1,000 ships reported their GPS satellite navigation systems were jammed in the Strait of Hormuz in the last few days, as the Iranian parliament decided to close the passage in retaliation to the US bombing of three nuclear sites at the weekend.
Namibia mulls financial incentives to kick-start offshore oilfield development
Namibia is considering financial incentives to fast-track the development of its Orange Basin oilfields managed by a consortium led by French supermajor TotalEnergies.
Saudi Arabia-based power company ACWA Power plunges head first into Uzbekistan's green energy sector
Saudi Arabia-based utility developer ACWA Power plunged headfirst into the Uzbekistan green energy market. Since making its first investment in 2020 with a 1,500-MW plant in the Silk Road city of Bukhara, it has built $15bn worth of new capacity.
COMMENT: Georgia goes from sanctions-dodging transit country to Russia’s oil export backdoor into Europe
Georgia has long been suspected of being a major transit country for European sanctioned goods travelling to Russia, but now it appears the trade is flowing in the other direction: Georgia has become a major backdoor into the EU for Russian oil.
Where the world is losing tree cover fastest – Statista
North America is close on the heels of Latin America when it comes to tree cover loss, according to data published by the World Resources Institute, Statista reports.
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