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Why hydrogen might tip the scales on China’s power conundrum
The nation of 1.4bn, now the second most populous in the world behind India, is repeatedly setting records in its use of cleaner, greener forms of energy, most notably solar and wind.
Ecuador burning crude oil in converted generators to reduce dependence on diesel imports
Petroecuador has started burning crude oil in 20 specially converted generating units in a bid to reduce its dependence on imported diesel fuel.
Novatek seeks tax cuts for LNG projects
Russia’s Novatek has requested that the government grant its Yamal LNG project further deferral of additional profit tax for 2022 and also cut its rate.
ExxonMobil suspends deepwater exploration in Brazil
ExxonMobil has suspended its exploration efforts in Brazil’s deepwater acreage after drilling a third dry hole in that country’s offshore zone.
Egypt’s Al-Suwaidi, Qatar’s Urbacon to build €1.19bn power plant in Libya
Egypt’s Al-Suwaidi Electric and Qatar’s Urbacon Trading and Contracting signed a deal worth €1.19bn to construct 1,044-MW gas-fired power plant in Libya’s Zliten region. The contract was signed with the Libyan General Electricity Co. (GECOL).
Turkey prepares gas hub legal groundwork
Turkey's Energy and Natural Resources Minister Fatih Donmez says work to amend the country's legislation and prepare for Russia’s gas hub project has begun.
Nigeria's invitation for coal mining bids raises concerns over clean energy commitment
ICJ confirms jurisdiction over Guyana-Venezuela border dispute
The International Court of Justice (ICJ) in The Hague has confirmed its jurisdiction over a long-standing border dispute between Guyana and Venezuela.
Lukoil delays development of Baltic oilfield
Russia’s Lukoil has postponed the planned development of the D33 oilfield in the Baltic Sea off the coast of Kaliningrad by a year until 2025, the company’s local division reported on April 10.
CNOOC Ltd reportedly eyeing FLNG development plan for BCD-10 gas reserves offshore Gabon
CNOOC is reportedly considering using an FLNG vessel to monetise natural gas resources at Block BCD-10, located about 145 km offshore Gabon.
China leading the pack on switch to sodium-ion packs
With lithium-ion batteries seen by a growing number of nations as the battery tech of yesteryear thanks to the obvious limit of natural lithium in the world, the race is on to lodge patents to control the next big thing in battery tech: sodium-ion.
Staatsolie sees TotalEnergies making FID on Block 58 sometime in 2024
Suriname’s Staatsolie expects France’s TotalEnergies to make a final investment decision on the offshore licence area known as Block 58 before the end of 2024.
Kenya to build LPG bulk storage facility as part of introducing Open Tender System (OTS) for imports
Tatneft snaps up Turkish filling chain
Tatneft has bought a chain of over 570 gas filling stations in Turkey for $320mn, representing a rare acquisition for the Russian oil company abroad in the last year.
Breakthrough as Iraq agrees to reduce stake in delayed project
After nearly two years of negotiations, Baghdad has agreed to reduce its stake in a multi-billion-dollar deal that is set to increase gas capture and renewable energy production while supporting long-term oil output goals.
AsianOil: Vietnam’s first LNG terminal sees Korean input
EurOil: Hungary seeks out Azeri gas via Southeast Europe
SOFAZ income from 1Q23 oil and gas sales up 21%
Kazakhstan on track for 10.3% of electricity generation from renewable sources by 2030
Czechs continue to reduce energy use
Felix Egypt to invest $110mn in El Sokhna polyethylene factory over two years
Felix Egypt, a subsidiary of Felix Industries India, has committed to invest $110mn over two years to build a polyethylene factory in El Sokhna Industrial Zone. The facility is planned to have 30,000 tonnes of capacity monthly.
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