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VP says Guyanese government is in talks with ExxonMobil on insurance guarantees for Stabroek
Guyana’s Vice President Bharrat Jagdeo has announced that the government is in talks with ExxonMobil on securing an insurance guarantee that will cover the entire Stabroek offshore block in the event of an oil spill.
Upsides of Guyana’s GTP project
Industry analysts say Guyana's gas-to-power scheme will help the country cut emissions, improve economy and also bolster energy security.
Wind and solar growth must accelerate to keep pace with demand for power
Wind and solar accounted for a record 10.3% of global electricity consumption in 2021, after solar generation rose by 23% and wind grew by 14%.
KenGen completes 83MW geothermal power plant in Kenya
Kenya has completed building of the 83MW Olkaria I Additional Unit (AU) 6 geothermal plant set to inject more power into the national grid.
MOL weighs crude supply contingencies
Russian troops leave Chernobyl Exclusion Zone for Belarus after suffering radiation sickness
A large number of Russian troops have left the Chernobyl Exclusion Zone and are moving towards the border with Belarus, reported the Kyiv Independent on March 31.
An energy embargo on Russia would hurt Europe as much as Russia
The West is threatening to impose an energy embargo on Russia. The EU has a plan to cut hydrocarbon imports from Russia to zero as soon as 2025 or maybe sooner if Russia scales up its attack on Ukraine.
EGPC acquires 25% stake in Alexandria National Refining and Petrochemical Company for $153mn
Sanctions reportedly complicating Russia's construction of Turkey's first nuclear plant
Paraguayan president signs motor fuel price subsidy bill into law
Paraguay’s government has enacted a bill that subsidises the cost of motor fuel sold at filling stations owned by Petróleos Paraguayos (Petropar), the state-run petroleum product concern, for at least two months.
ExxonMobil strikes out at Cutthroat-1
ExxonMobil (US) has reportedly seen disappointing results from Cutthroat-1, a wildcat well drilled at SEAL-M-428, an ultra-deepwater block in the deepwater Sergipe-Alagoas basin offshore Brazil.
CADE agrees to give Petrobras more time to sell seven refineries
CADE, the Brazilian government’s anti-trust agency, has granted the national oil company Petrobras more time to complete the sale of seven refineries included in its privatisation programme.
Talos confirms receipt of documents officially naming Pemex as operator of Zama oilfield
US-based Talos Energy has confirmed its receipt of documents from Mexico’s Secretariat of Energy (SENER) finalising the decision to award Pemex control of the offshore acreage that includes the Zama oilfield.
EIG, Fluxys eye 80% stake in GNL Quintero
EIG Energy Partners (US) and Fluxys (Belgium) announced on March 28 that they were teaming up to acquire an 80% stake in GNL Quintero, a Chilean LNG import terminal.
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