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Lukoil's trading unit scales back amid sanctions
Petronas signs new offshore exploration PSCs, Shell kicks off new Gumusut-Kakap phase
Malaysia’s Petronas announced on March 23 that it had signed several new production-sharing contracts covering offshore exploration blocks that had been awarded during the Malaysia Bid Round (MBR) 2021.
ONGC commissions water injection platform at Mumbai High
India’s Oil and Natural Gas Corp. (ONGC) has commissioned a new water injection platform at its Mumbai High project off the country’s west coast.
NUPRC names Bonny, Forcados, Brass terminal networks as main targets of oil thieves
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has identified the pipeline networks serving the Bonny, Forcados and Brass terminals as the biggest sources of crude oil theft in the country.
Ghana minister announces spending cuts, other measures to stabilise economy
The measures, the says will help stabilise the economy and reduce the economic hardships that has currently engulfed the nation.
Consumers' group lobbies Kenya’s government to scrap 16% tax on LPG
Consumers Federation of Kenya (COFEK) is lobbying for removal of 16 % tax levied on liquefied petroleum gas (LPG) to make the commodity affordable.
North Carolina 1.3-GW offshore wind auction to be held on May 11
The US Bureau of Ocean Energy Management (BOEM) has prepared two new lease areas for final auction off the North Carolina coast. The federal agency released a final sale notice and set an auction date for May 11.
Santos announces Pavo discovery off Australia
Santos announced a “significant” oil discovery with the Pavo-1 well offshore Western Australia, boosting the prospects for its nearby Dorado development and further exploration in the region.
McDermott announces delivery of U-Field for ONGC’s KG-DWN 98/2 Block
McDermott International announced on March 23 that it had navigated challenges, including the coronavirus (COVID-19) pandemic and an active monsoon season, to deliver the U-Field gas project offshore India.
China’s Sinopec reportedly suspending Russian project talks
China’s state-controlled Sinopec Group has reportedly suspended talks on a petrochemical investment and gas marketing venture in Russia.
US grid-scale storage market to face headwinds up until 2024
Wood Mackenzie forecasts that supply chain pressures and delays within the interconnection queue of grid-scale storage in the US processing will persist up until 2024.
Massachusetts port to become US offshore wind hub
The Port of New Bedford in Massachusetts will add another base of operations and terminal logistics facility to support offshore wind projects off the state and elsewhere on the North-Eastern coast seaboard.
Chinese Sinopec said to suspend Russian projects
NextDecade, Guangdong Energy sign HoA for LNG supply
US-based NextDecade announced on March 24 that it had signed a binding heads of agreement (HoA) with China’s Guangdong Energy for the supply of LNG from a planned facility on the US Gulf Coast.
US steps up efforts to supply more LNG to Europe
The US has taken further steps to help send more LNG to Europe to replace Russian gas, but its capacity to significantly ramp up exports of the fuel remains limited.
Putin’s ruble gas payment gambit exempts Novatek
Albania to hold monthly car-free days as fuel crisis bites
The move was motivated by both environmental concerns and – more urgently – the need to reduce fuel consumption at a time when prices have risen sharply, sparking a series of protests.
TRIG raises GBP277.3mn for Hornsea 1
The Renewables Infrastructure Group (TRIG) has raised GBP277.3mn ($366mn) in funds through a share issue for completing the purchase of Hornsea 1 and for repaying debt drawn under a revolving credit facility.
Rhode Island plans to procure 600 MW of offshore wind
Governor Dan McKee of Rhode Island is backing new legislation which would require a procurement of approximately 600 MW of newly developed offshore wind capacity.
ConocoPhillips reportedly pursuing Anadarko Basin sale
ConocoPhillips is reportedly working with an adviser to sell its gas-producing assets in the Anadarko Basin, which spans North Texas and Western Oklahoma.
Report finds ESG funds preferring Russian to Canadian oil
A new CIBC Capital Markets report has highlighted ESG-focused funds showing a preference for Russian oil and gas investments over Canadian ones.
Norway’s 1.5-GW Utsira Nord to be allocated based on qualitative criteria
The Norwegian government has confirmed that the 1.5-GW Utsira Nord floating offshore wind zone will be allocated to developers based on qualitative criteria that expedite technology development, not with an auction.
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