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India's petrol and diesel prices experience varied changes amid crude oil price fluctuations
Reports indicate that as of Thursday around 6 am, the WTI crude is being traded at $79.88 per barrel, marking a 0.21% increase, while Brent crude stands at $84.20 per barrel, also rising by 0.21%.
Saudi Aramco to reduce supply of oil to China, India
Saudi Aramco is set to reduce its supply of crude oil to customers in China and India due to upcoming oilfield maintenance, according to comments made by five sources on March 11.
GLNG: Japanese LNG purchasers facing oversupply issue
Second shipment of US WTI to arrive at Dangote Refinery in March
A second batch of US West Texas Intermediate crude oil is set to arrive at Nigeria’s 650,000 barrel per day refinery on March 13, according to Kpler data.
ADNOC awards early EPC deal for Ruwais LNG project
ADNOC has awarded a contract for early engineering works on its planned Ruwais LNG project to a consortium of services firms.
Bapco Upstream receives bids for seismic work
Bahrain’s state-owned Bapco Upstream has kicked off a bidding process to support a seismic survey to support an E&P push by Manama.
Pipeline and tanker to support Iraqi export efforts
Despite ongoing output restraint among members of the OPEC+ group, Iraq continues to invest in expanding its crude export capabilities from its southern ports.
Japanese LNG purchasers facing oversupply issue
Rapidly declining demand for LNG in Japan is expected to cause an oversupply by more than 11mn tonnes per year for the rest of the decade, a new report published on March 11 by the Institute for Energy Economics and Financial Analysis found.
Borouge 4 to be completed by end of 2025
Abu Dhabi-based petrochemicals manufacturer Borouge has said that its $6.2bn Borouge 4 project is “on track” to being completed by the end of 2025.
China’s clean-tech manufacturing overcapacity – BNEF
China is manufacturing and exporting clean energy technology more than ever before, and overcapacity threatens, says a new report.
NextDecade aims for final investment decision before year end on Rio Grande LNG’s fourth train
US LNG developer NextDecade Corporation is seeking a positive final investment decision during the second half of 2024 for the fourth train at its Rio Grande LNG terminal, the company revealed.
Kazakhstan sends Tajikistan fuel oil as humanitarian aid amid country’s struggle against power deficit
South Korea makes big reduction in Russian fossil fuel imports
South Korea has made significant progress in reducing its energy dependence on Russia since the start of the Ukraine war, according to a report published recently in the Asia-Pacific journal The Diplomat.
Russian oil refineries set ablaze in second day of Ukrainian attacks
Relentless attacks on Russian refineries have led to widespread disruptions in the nation's energy supply chain.
ExxonMobil Guyana aims to lift Payara output to 250,000 bpd
ExxonMobil's Senior Vice President, Neil Chapman, outlined the company's aim to optimise the infrastructure of the Payara project offshore Guyana to achieve a production rate of 250,000 barrels per day (bpd).
Chile's Codelco signs purchase power agreement with Atlas Renewable Energy
Chile’s national mining company Codelco has signed a power purchase agreement (PPA) with Atlas Renewable Energy for the provision of 375GWh annually from a solar-plus-storage project, leveraging Atlas's foray into battery storage technology.
YPF expects final investment decision on Argentine LNG project
Argentine national oil company YPF is expecting to make a final investment decision (FID) on a liquified natural gas (LNG) export project in the Vaca Muerta shale formation it’s developing with Malaysia’s Petronas.
Mexico’s main opposition candidate plans refinery closures to reduce emissions
Xóchitl Gálvez, the leading opposition candidate in Mexico's June presidential elections, has announced a commitment to close two out of the country's six refineries with the aim of reducing urban pollution levels.
Colombia’s Hidroituango hydroelectric dam underwater works 86% completed
Colombian public utility Empresas Públicas de Medellín (EPM) has announced that the underwater works at the mega-hydroelectric dam Hidroituango are nearing completion, with an official quantification of 86% progress.
Brazil government's Petrobras intervention sparks 10% shares drop
Brazil's government has intervened in the national oil company (NOC) Petrobras, directing the state-run oil company to reinvest funds earmarked for dividends, which caused a 10% drop in the NOC’s shares.
WATT Renewable Corp, Clear Blue Technologies forming strategic partnership focused on Africa
Investment in infrastructure and training crucial to Guyana's economic growth, ExxonMobil chief claims
ExxonMobil Guyana President Alistair Routledge claimed that investments in infrastructure and training initiatives are crucial for enhancing the competitiveness of Guyana's growing economy.
Blue Water secures Suriname logistics and shore base supply contract
Blue Water has secured a contract with Noble Drilling for the provision of services for the latter’s exploration venture in Suriname.
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