Brazil has approved a new legal framework for offshore wind energy, paving the way for the addition of 4.25 GW of natural gas thermoelectric plant capacity. This initiative is expected to support the integration of new pipeline networks.
The EU, Brazil, Panama, and the US state of California officially endorsed on December 5 the Global Offshore Wind Alliance (Gowa). The announcement came during the UN COP28 climate conference held in Dubai.
According to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), the country's output in October stood at 22,515 cubic metres (20,265 tonnes), down significantly from 52,370 cubic metres during the same period the previous year.
Iranian petrochemical exports plunged 18% in the first seven months of the current Persian calendar year (March 21-October 22), with exporters blaming the noticeable drop on the monetary policies of the Central Bank of Iran (CBI).
UAE-based Masdar is advancing a 10-GW growth plan across six Sub-Saharan nations. The announcements were made during COP28, in Dubai in the UAE.
The refinery, built by the Dangote Group, has a daily processing capacity of 650,000 barrels per day and will initially refine 350,000 bpd. Inaugurated in May, it is set to begin operations in December.
Kenya was hit by another nationwide power blackout over the weekend, plunging the country into darkness for hours and paralysing operations at the main airport.
Vietnam and Laos have taken significant steps to strengthen their ties in the energy sector, placing particular emphasis on importing electricity and coal from Laos
Libya’s National Oil Corporation plans to increase its crude output by 100,000 barrels per day (bpd) in 2024, its head, Farhat Bengdara, told The National. Higher production gives NOC a chance to replace reduced crude supplies from other places.
London-based Energean signed partnership agreements worth around $110mn (€102.2mn) with energy group Chariot to support operations of two offshore licences in Morocco, according to a statement over the weekend.
Bulgarian president says interconnection that will carry Azeri gas to Serbia “changes the energy map of Europe”.
Possible changes in the debt leverage ratios should not affect Russia’s natural giant Gazprom's management's dividend proposals, Renaissance Capital wrote citing the deputy chairman of the management board, Famil Sadygov.
Iran plans to launch a joint venture with Chinese tech companies to employ artificial intelligence (AI) to “digitalise” production in its oil and gas fields, the research and technology head of the National Iranian Oil (NIOC) said.
PTTEP has announced a series of discoveries offshore Malaysia, unveiling new findings in three fields off Sarawak