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OMV Petrom invests €560mn to produce sustainable fuels
Southeast Europe's largest integrated energy producer to produce sustainable aviation fuels and biodiesel at Romania's Petrobrazi refinery.
JT Grup OIl moves ahead with Bucharest listing after €4mn IPO
Romanian petroleum products trader JT Grup Oil announced that only a third of the 10mn shares issued by its IPO found buyers, but saluted the completion of the operation and confirmed that its shares will be listed at Bucharest Exchange.
Nuclearelectrica seals €240mn project management contract for refurbishment of nuclear reactor
Romania’s state-controlled nuclear company Nuclearelectrica announced it contracted €240mn project management organization (PMO) services for the preparation and implementation of the refurbishment of its Unit 1 reactor at Cernavoda nuke.
PTTEP expands UAE presence with acquisition in Ghasha gas concession
PTT Exploration and Production Public Company Limited (PTTEP) announced a strategic move to expand its presence in the United Arab Emirates (UAE) through its subsidiary, PTTEP MENA Limited
Ukraine to lease Turkish floating power plants to boost Odesa's electricity supply
Ukraine is in advanced negotiations with Turkey to lease floating power plants to mitigate electricity shortages in the strategic port city of Odesa and its surrounding regions.
Nigeria’s NNPCL signs deal with Golar to deploy FLNG
State-owned Nigerian National Petroleum Corporation has inked a contract with marine LNG infrastructure firm Golar for the deployment of a floating LNG unit off the coast of the Niger Delta.
Azerbaijan reports significant increases in oil refining and gas production for early 2024
In January-March 2024, Azerbaijan refined nearly 2.7mn tonnes of oil, an 8% increase compared to the same period last year, according to the Ministry of Energy.
Russian InterRAO utility major guides for $2bn earnings in 2024
Russian state utility major InterRAO guides for 2024 EBITDA to amount to RUB165bn-RUB175bn (up to $2bn) in 2024, with investment programme maintained at RUB193bn annually.
Deltic exits UK's Penscola project after failing to find financing
London-listed junior Deltic Energy has withdrawn from the Pensacola oil and gas project in the UK North Sea after failing to come up with financing to cover its share of well costs.
Saudi Arabia-based IsDB signs $150mn financing commitment to Tajikistan’s Rogun mega hydro project
PTTEP picks up Wintershall Dea’s Ghasha stake
Thailand’s PTT Exploration & Production (PTTEP) this week acquired a 10% stake in the UAE’s offshore Ghasha concession from Germany’s Wintershall Dea, concluding the latter’s effort to divest.
Venture Global ordered to reveal confidential information to customers in contract dispute
US LNG upstart Venture Global has been ordered by federal regulators to disclose confidential information to its Calcasieu Pass customers in the latest development in the long-running dispute.
ADNOC, Criteria takeover of Spain's Naturgy falls through
Spanish holding vehicle Criteria announced on June 10 that it had failed to strike a deal with Abu Dhabi’s TAQA on the joint acquisition of Spanish gas utility Naturgy.
US ITC backs tariffs on SE Asian PV cells
The US International Trade Commission has upheld the probes into whether imports of solar products from Cambodia, Malaysia, Thailand, and Vietnam undermine US manufacturing.
Guyana to conduct 3D seismic survey to support future exploration and bid rounds
Guyana is set to commission a comprehensive survey aimed at gathering critical data to support further offshore oil and gas exploration as well as future bid rounds.
ExxonMobil spends $1.6bn on Guyanese suppliers since 2015
Since making its first landmark oil discovery in 2015, ExxonMobil Guyana has injected over $1.6bn into the local economy, underscoring its commitment to nurturing Guyana's burgeoning oil and gas sector while fostering economic growth.
ExxonMobil Guyana seeks local suppliers for well fabrication and assembly services
ExxonMobil is seeking local Guyanese suppliers to provide fabrication and assembly services tailored to the company’s offshore oil and gas operations.
Wintershall Dea announces start of drilling at Argentina's Fenix gas field
Wintershall Dea announced that it, together with Total Austral and Pan American Energy, have begun the development drilling phase at the Fénix gas field, approximately 60km off the coast of Tierra del Fuego, Argentina.
India’s oil imports from Russia rise m/m as oil minister confirms state-owned BPCL open to tie-up with Moscow
India ramped up its oil imports from Russia to 41% in April 2024, up from 34% in March 2024, as per the June 2024 OPEC report.
Finland seeks EU vessel to handle potential Russian dark fleet oil spills
Finland has urged the EU to invest in a standby response vessel to deal with potential oil spills in the Gulf of Finland that could be caused by Russia’s so-called dark fleet of tankers.
Green Genius secures €87mn in loans for solar park in Latvia’s Jekabpils
Renewable energy company Green Genius concluded agreements with two German banks to raise €87 million in loans that will be used to build a solar power park in Latvia’s Jekabpils.
PODCAST: Emerging Global with Bruce Pannier on Turkmenistan's troubles
A country with the fourth largest gas reserves in the world is struggling to sell its natural bounty. Daniel Rad interviewed regional expert Bruce Pannier on its plight.
Iran’s private sector given chance to export green electricity
One of the main concerns for electricity producers in Iran was being able to export electricity, and the current government has switched on the possibility.
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