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EBRD 2022: Hopes new technologies to ease water security in North Africa
Just like in the renewable energy sector, new technologies are creating new options and bringing down costs to provide water for households and irrigation.
Inpex raises profit forecast
Japan’s Inpex has raised its net profit forecast for 2022 and kicked off new exploratory drilling over the past week.
IEC strikes oil at latest well in Indonesia’s Kruh block
Indonesia Energy Corp. (IEC) announced on May 11 that it had discovered oil at the latest well it has drilled in the Kruh block on Indonesia’s Sumatra Island.
Rosneft sells Far East fuel sales unit
Russia dismisses report it plans to cut gas flow to Finland
Kremlin spokesman Dmitry Peskov has rejected a Finnish media report that Russia is preparing to cut gas flow to the Nordic country over its decision to apply to join Nato.
Snam, Enagas to study Spain-Italy gas pipeline
Chevron, ExxonMobil sign separate deals with Pertamina on low-carbon opportunities
Super-majors Chevron and ExxonMobil said in separate announcements this week that they had signed agreements with state-owned Pertamina to explore low-carbon opportunities in Indonesia.
Australia’s LNG export revenue up 95% y/y in April
Australia’s LNG export revenue of AUD5.5bn ($3.8bn) in April represented a 95% year-on-year increase, consultancy EnergyQuest has said in its latest monthly Australian LNG report, released on May 13.
Canada’s leading producers buoyed by high oil prices
Canada’s leading oil sands producers have posted major increases in profits thanks to high oil prices, but still have various challenges to contend with.
ConocoPhillips shareholders reject Scope 3 emissions target proposal
ConocoPhillips shareholders voted to reject a proposal to include Scope 3 emissions into the company’s overall greenhouse gas reduction targets at its annual meeting on May 10.
Seneca selling California oil assets to Sentinel Peak
Seneca Resources, a unit of National Fuel Gas, has agreed to sell its entire portfolio of Californian oil and gas assets to Sentinel Peak Resources California.
SK E&S invests in US CCS project
Summit Carbon Solutions’ carbon capture and storage (CCS) project in North Dakota received a boost this week on the announcement that South Korean power utility and gas provider SK E&S would invest $110mn in the scheme.
Raising EU green targets will cost an extra €195bn
The European Commission is considering raising its renewable energy target for 2030 to 45% in new green plans to be published later in May.
Venture Global announces offtake agreements with ExxonMobil, Petronas
US-based Venture Global LNG announced this week that it had struck separate sale and purchase agreements with ExxonMobil LNG Asia-Pacific and Malaysia’s Petronas.
Energy issues in Brazil’s upcoming elections
Fuel prices and the possible privatisation of Petrobras are likely to come under the spotlight as Bolsonaro seeks re-election this October.
Japan agrees to G7 ban of Russian oil imports
'World’s first' modular LNG FSRU to be deployed in Senegal
KARMOL has announced that the world’s first LNG floating storage and regasification unit (FSRU) is now ready for deployment in Senegal.
IAEA says remote transmission of safety data from Chernobyl fully restored
Remote transmission of safeguards data from the Chernobyl NPP has been fully re-established, IAEA director-general Rafael Mariano Grossi said on May 11.
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