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Guyana on track to becoming world's biggest oil producer per capita
Guyana on track to becoming world's biggest oil producer per capita Guyana's oil production is projected to hit 900,000 barrels per day (bpd) next year, putting the country on track to become the world's largest oil producer per capita.
Argentina receives Brazilian support in $16bn YPF case
Argentina's challenge against a US court's ruling ordering it to pay $16.1bn over the 2012 nationalisation of YPF SA, the country's oil company, has garnered support from Brazil.
Petronas, ExxonMobil, Staatsolie sign agreement to extend Suriname gas exploration
Suriname’s national oil company Staatsolie announced the signing of a Letter of Agreement (LoA) between itself and ExxonMobil and Petronas committing to the extension of gas exploration efforts in Block 52 offshore Suriname.
ExxonMobil planning telecommunications station and pipeline for Guyana Gas-to-Energy project
ExxonMobil is making progress in Guyana’s landmark Gas-to-Energy project, with the energy company planning the construction of a telecommunications station and the continued pipelaying.
Bill introduced to ban LNG exports to four countries, China included
Democratic Senators Sherrod Brown of Ohio and Jeff Merkley of Oregon have introduced the Protecting American Households From Rising Energy Costs Act.
Korea’s KOGAS secures long-term LNG deal with Woodside Energy
Australian firm Woodside Energy Group Ltd has signed a sale and purchase agreement with Korea Gas Corporation to provide LNG on a long-term contract to Korea, as announced by the firm on February 28.
Leading investors compete for slice of Vietnam’s new $2.4bn Nghi Son LNG power plant
Thanh Hoa Province in Vietnam is preparing to select a lead investor for the LNG Nghi Son thermal power plant project. The facility will be located inside the Nghi Son Economic Zone south of Hanoi.
New US sanctions on Russia to hit Indian oil refineries
New US sanctions against Russia on the occasion of the second anniversary of the invasion of Ukraine and as a response to the death earlier this month of Russian opposition figure Alexei Navalny are expected to pose problems for India refineries.
Japan considers rules for GHG emissions
Japan’s Financial Services Agency is thinking to make top-listed companies on the Tokyo Stock Exchange disclose information on greenhouse gas emissions throughout their supply chains.
Netherlands blocks gas drilling in Wadden Sea
The Netherlands’ government said on March 5 it would not allow companies to drill for gas in the Dutch section of the protected Wadden Sea, thwarting exploration plans by Shell and ExxonMobil.
Peru LNG’s export volumes dropped in February
The Peru LNG consortium saw export volumes sink by almost 17% month on month in February 2024.
Chevron farms into AREA OFF-1 offshore Uruguay in deal with Challenger Energy
Challenger Energy has concluded a farm-out agreement that will allow Chevron to obtain a majority stake in the AREA OFF-1 block offshore Uruguay.
Atlantic LNG plant signs three-year EPC contract with Massy Wood
Atlantic LNG consortium of Trinidad and Tobago has awarded a three-year EPC contract to a joint venture owned by the energy division of a local company, Massy and Wood Group.
Turkish oil terminal refuses imports of Russian oil
Turkey’s Dortyol oil terminal – located in the Mediterranean Sea – has stopped accepting Russian oil as pressure from US sanctions increases.
TotalEnergies and Bapco Energies to work together in petroleum products trading
Shaikh Nasser bin Hamad Al Khalifa, Representative of the King of Bahrain for Humanitarian Works and Youth Affairs and chairman of Bapco Energies (Bapco), met with CEO of TotalEnergies (Total) Patrick Pouyanne and CEO of Bapco Energies Mark Thomas.
Nigeria threatens to withdraw licences from electricity distribution companies withholding supplies
South Africa’s energy minister reiterates country's nuclear ambitions, speaks of last Bid Window under IRP 2019
Iranian LPG exports surge despite sanctions
Iran has continued to defy expectations by exporting significant amounts of liquefied petroleum gas despite US sanctions – showing that Washington is struggling to keep a lid on the Islamic Republic’s sales.
Nigeria launches airstrikes on illegal refineries
Director, Public Relations and Information, Nigerian Air Force (NAF) Edward Gabkwet said in a statement on March 3 that the NAF had destroyed two illegal refineries as well as some boats in an airstrike conducted March 1.
Kazakhstan’s LPG consumption up 28% y/y in 2023
Romania’s Electrica seeks to accelerate green transition with €300mn green/sustainability bonds
TotalEnergies, QatarEnergy signs agreement to expand presence in prolific South African basin
BP plans to sign an IIR with Azerbaijan for the construction of solar power plants in the country by the end of 2024
The Lightsource bp company (a subsidiary of bp) plans to submit to the Ministry of Ecology and Natural Resources of Azerbaijan the final version of the Environmental Impact Assessment (EIA) report for the construction of the Shafag solar power plant.
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