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Turkey and Somalia sign hydrocarbon exploration deal

22 July 2024

Turkey and Somalia signed an agreement on July 18 for hydrocarbon exploration and production in Somali waters, Turkish Energy Minister Alparslan Bayraktar said.

Nigeria's Dangote Refinery turns to Libya for crude oil amid domestic supply challenges

22 July 2024

The plant, located in the Lekki Free Zone near Lagos, currently produces about 50% of its 650,000 bpd installed capacity and is looking to reach the 60% mark by September and 85% mark before 2025.

Hungary faces energy crisis, after Ukraine cuts off Russian oil deliveries

22 July 2024

Hungary's Foreign Minister Peter Szijjarto has warned that a durable solution is urgently needed following Ukraine's decision to cut off oil deliveries from Russia’s Lukoil, causing a significant disruption to Hungary's oil supply.

Malaysia targets larger portion of worldwide LNG market

22 July 2024

Malaysia is poised to enhance its global footprint in natural gas trading, as the nation’s oil and gas giant Petroliam Nasional Bhd, more commonly known as Petronas, ramps up its international investments.

Japanese petroleum industry chief calls for advance forecasts amid jet fuel shortage

22 July 2024

The head of Japan's petroleum industry has called on international airlines to provide flight schedules and jet fuel demand forecasts as far as a year in advance to address a jet fuel shortage at Japanese airports

Sempra selects Bechtel for construction of phase 2 of Port Arthur LNG

22 July 2024

Sempra Infrastructure has signed an agreement with Bechtel Energy for a fixed-price engineering, procurement, and construction contract for Phase 2 of the Port Arthur LNG project in Texas.

Iraq and Jordan renew and extend supply MoU

22 July 2024

Iraq and Jordan have extended their bilateral crude oil supply deal until mid-2025

Chinese consortium pulls out of project to build Cyprus’ first LNG import terminal

22 July 2024

China’s CPP-Metron Consortium (CMC) has walked away from its contract with the government of Cyprus to build what would be the country’s first LNG import terminal.

Freeport LNG cancels 10 cargoes following shutdown from Hurricane Beryl

22 July 2024

The US’s second largest LNG export terminal, Freeport LNG, canceled at least 10 cargoes for export in August following the plant’s shutdown as Hurricane Beryl made landfall on the Texas coast.

YPF Luz to construct 200-MW photovoltaic solar park in Mendoza Province

22 July 2024

YPF Luz, a subsidiary of the Argentine national oil company YPF, announced the construction of the El Quemado 1 Photovoltaic Solar Park in Las Heras, Mendoza.

Stellantis launches electric car production in Serbia

22 July 2024

Fiat Chrysler Automobiles (FCA), a subsidiary of the Stellantis group, will inaugurate the production of electric vehicles (EVs) at its modernised factory in Kragujevac, central Serbia, on July 22.

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