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Gas shortages challenge Bangladesh power sector growth amid new plant launches
Bangladesh confronts a pressing challenge in ensuring adequate gas supply for a slate of new gas-fired power plants, collectively boasting a generation capacity of approximately 3,510MW
PLN to complete Sumatra transmission line by late 2026
India's energy subsidies to balance between fossil fuels and clean energy
A recent report by the International Institute for Sustainable Development has unveiled India's substantial energy subsidies, amounting to $38.58bn in the fiscal year 2023, reflecting a nine-year high.
Kimmeridge makes new offer for SilverBow reportedly worth $2.1bn
Kimmeridge Energy Management has submitted a new bid to purchase SilverBow Resources, SIlverBow confirmed in a press release. The offer values the Eagle Ford shale oil and gas producer at almost $2.1bn.
Aramco eyes more global investments
CEO of Saudi Aramco Amin Nasser said on March 9 that the company was looking for new opportunities to invest in China due to growing oil demand in the country, as well as investing in liquefied natural gas and petrochemicals.
India's reduced Russian crude imports signal shifting energy alliances
Amid escalating Western sanctions, India scaled back its procurement of Russian crude in February, exacerbating trade strains between the two nations.
EQT, Equitrans Midstream to combine in $5.5bn deal
The largest natural gas producer in the US, EQT Corp, has agreed to buy Equitrans Midstream in a deal worth around $5.5bn. It will be an all-stock transaction with a combined company enterprise value of more than $35bn.
Shell looks to switch from oil to LNG assets in Singapore
Glencore, the Swiss commodity trading major, is reportedly in talks to acquire Shell’s oil operations in Singapore, according to sources familiar with the matter speaking to Reuters earlier in the month.
NGO warns Bulgaria over plans to swap coal for fossil gas
CEE Bankwatch says Sofia's intention to replace coal-fired with gas-fired power plants is unfeasible given it has no strategy or financial plan.
Dalian Shipbuilding begins construction of LNG carriers for CMES
The two 175,000 cubic metre vessels bring the total number of LNG carriers DSIC has built for CMES to five. The ships have a length of 295 metres, a width of 46.4 metres, and a depth of 26.2 metres, and possess a service speed of 19.5 knots.
Serbia's EPS initiates negotiation process for RHE Bistrica project documentation with Energoprojekt
LNG Canada set to begin commissioning activities
Shell-led LNG Canada is nearly finished with construction work and will be commencing commissioning and start-up activities shortly, the company revealed in a statement on March 7.
BP and ADNOC pause buy-in offer for Israel’s NewMed
Israeli gas producer NewMed has announced that a $2bn offer to purchase a 50% interest made by British supermajor BP and the United Arab Emirates Abu Dhabi National Oil Company (ADNOC) has been frozen.
Kosovo to establish US-funded Energy Storage Corporation
First North Field modules shipped by Saipem to Qatar
Italian oilfield services firm Saipem has loaded and shipped the first three North Field modules from Indonesia to Qatar to be installed. The modules include one wellhead production as well as two riser platforms.
Shell's head of LNG steps down shortly after company posts $2.4bn profit
Shell’s long-time head of LNG, natural gas and power trading unit, Steve Hill, is stepping down from his position on March 28. The March 1t announcement comes just weeks after posting $2.4bn in trading profits from LNG in the fourth quarter of 2023.
Regulator asks Venture Global for clarification on Calcasieu Pass terminal
LNG developer Venture Global has been asked by the Federal Energy Regulatory Commission to provide more clarity on the basis for its filing of confidential documents concerning the Calcasieu Pass LNG export terminal.
Suncor signs oilsands deal with First Nation
Oilsands giant Suncor has signed an agreement with the Fort McKay First Nation that the oilsands giant says could lead to its first-ever oil project on Native lands. Suncor is the second largest oil producer in Canada.
Iran braces for petrol consumption upsurge during Nowruz
Iran is gearing up for a sharp rise in petrol consumption during the upcoming New Year holiday (Nowruz), amid a new record high in fuel use rates.
Antitrust concerns raised again for US mergers
Almost 50 Democratic congressional lawmakers have asked the Federal Trade Commission (FTC) to probe a spate of oil and gas company mega-mergers, which they say may harm competition and consumers with higher prices.
BW Energy begins production at Hibiscus South field offshore Gabon
BW Energy has commenced production from the Hibiscus South field in the Dussafu Licence offshore Gabon, just five months after its discovery in November 2023.
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