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Brazil’s Petrobras and Unigel resolve fertiliser plant dispute through arbitration
Brazil’s national oil company (NOC) Petrobras and chemicals manufacturer Unigel have concluded an agreement ending their dispute over two fertiliser facilities in Bahia and Sergipe states.
Sunlight heating effect on earth more than doubles in the last decade
Global warming results from man-made greenhouse gas emissions that have doubled the heating effect from incoming sunlight, which is now more than the heat radiated by earth into space in the last decade, according to a research paper.
Orlen delivers record profit on gas trading and power
Warsaw-listed Polish Energy group Orlen reported a consolidated net profit of PLN4.28bn (€1.01bn) in the first quarter, up from PLN2.78bn a year earlier, the company said in an earnings report on May 22.
Brazil’s Petrobras awards BRL8.4bn subsea contract for Búzios 11 project
Brazil’s national oil company Petrobras has signed an BRL8.4bn ($1.47bn) EPCI contract with global offshore contractor Subsea 7 for the Búzios 11 Production Development Project in the Santos Basin.
Gas Malaysia launches nation’s first biomethane hub, targets break-even in seven years
Gas Malaysia Bhd has introduced Malaysia’s first centralised biomethane injection station, with operations slated to begin in the second half of 2025
Malaysia drives regional EV ambitions at Automechanika Kuala Lumpur 2025
Faizal noted that Malaysia’s automotive strategy supports its net-zero carbon targets and reinforces Environmental, Social, and Governance (ESG) principles.
Japan eyes green energy and data centre investments in Malaysia amid ASEAN power grid push
Japanese firms are showing growing interest in backing the ASEAN Power Grid (APG) initiative, including a key submarine cable link between Sarawak and Johor, as part of a broader push into green and infrastructure investments in Malaysia
Indonesian gas distributor PGN secures West Natuna gas for domestic market under new swap deal
State-owned gas distributor PT Perusahaan Gas Negara (PGN) has bolstered its domestic gas supply through two strategic deals with the West Natuna Group, backed by full government support
Indonesia replaces LG with China’s Huayou in $9.8bn EV battery megaproject
Chinese battery giant Huayou has officially replaced South Korea’s LG Energy Solution as the lead investor in the $9.8bn “Proyek Titan,” the country’s flagship EV battery initiative.
Indonesia touts 60 new oil & gas blocks as SKK Migas pushes for investment surge
Indonesia’s upstream oil and gas regulator, SKK Migas, has reaffirmed its commitment to bolstering energy security and investor confidence, announcing plans to offer 60 new oil and gas working areas over the next two years
Solar rises to third place in Pakistan’s energy mix
Solar energy contributed more than 14% of Pakistan’s electricity in 2024, a significant jump from just 4% in 2021
Renaissance Africa to double gas output with $15bn Niger Delta investment
Renaissance Africa to double gas output with $15bn Niger Delta investment #bna #afroil #nigeria
Marco Rubio confirms Trump administration will not renew Chevron’s licence for Venezuelan operations
This confirmation comes from Secretary of State Marco Rubio, following previous statements from President Donald Trump in March that the licence would be withdrawn on April 3.
Russian gas giant Gazprom scraps 2024 dividend, as expected
The board of Russian state natural gas giant Gazprom has recommended not paying a 2024 dividend, marking a second consecutive year of no dividend payout.
Laos prepares to launch landmark wind farm project
Laos is on track to launch Southeast Asia’s largest wind farm by the end of the year, with all 133 turbines now fully installed at the 600-MW Monsoon Wind Project, developers said.
Brazil’s Petrobras bets on single-hose subsea plan
Brazil’s Petrobras and OneSubsea have signed a Memorandum of Understanding to jointly develop a new hybrid umbilical system for subsea operations, the companies said.
Cambodia launches digital tools to boost environmental governance
In a move to bolster environmental management and promote green initiatives, Cambodia's Ministry of Environment launched a new digital administration programme and a STEM-focused mobile application on May 21.
Brazil’s Senate fast-tracks oil licensing
Brazil’s Senate approved a new environmental licensing bill, incorporating an amendment from Senate President Davi Alcolumbre that could accelerate oil exploration in the Equatorial Margin.
Hungary's energy giants sign oil trade deal to strengthen regional energy security
Hungarian oil and gas company MOL and the state-owned energy group MVM have signed an oil trading agreement that aims to further diversify the region's energy supply portfolio, with a focus on landlocked Hungary and Slovakia, MOL said.
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