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South China Sea tensions rise as Chinese vessels remain in Vietnam's EEZ
A Chinese research ship and five escort vessels remained in Vietnam’s exclusive economic zone on May 26 near fields operated by Russian companies in the South China Sea, despite the government in Hanoi urging them to leave on the previous day.
Hibiscus drills Malaysia's longest well
Malaysia’s Hibiscus Petroleum announced this week that it had drilled the country’s longest well at the Bunga Orkid field in the northern part of the PM3 CCA production-sharing contract area.
Vietnam backs gas as the power source of the immediate future
Hanoi has signalled its intent to more than quadruple its existing gas interests by the end of the decade. To do so would guarantee cover for 15% of the nation’s existing energy demand.
EU approves €179.5mn aid for Rimac Automobili's robo-taxi project
Electric supercar producer now developing €450mn urban mobility system with fully autonomous electric vehicles.
Top Zimbabwean lithium mine Bikita Minerals resumes operations after government-enforced closure
Nigeria expects to launch $50bn worth of new oil projects in next five years
Nigeria is on track to launch a number of upstream oil development projects worth more than $50bn within the next five years, according to the head of the NCDMB.
Cape Town refinery to receive rare shipment of US crude
The first US oil shipment to South Africa since 2021 is on its way to the country’s Astron Energy refinery, located in Cape Town, according to tracking data provided by energy data provider Kpler and Refinitiv Eikon.
Iran set to launch new gas condensate refinery
Iran’s Persian Gulf Mehr Refinery Co. (PGMC) announced this week that it aims to launch a large gas condensate refinery in the south of the country next year to meet rising gasoline demand.
Petrofac, China Huanqiu win EPC for Algerian petchem project
A joint venture comprising China Huanqiu Contracting & Engineering Corporation and Petrofac has been selected by STEP Polymers to begin a large-scale Algerian petrochemical project.
NNPCL says domestic refining will not compensate for subsidies
Nigeria’s NNPCL has said that the country’s domestic refineries will not make up for the removal of government subsidies but added that they would ensure adequate supply.
French oil major TotalEnergies and partners adopt action plan on resumption of $20bn gas project in Mozambique
A consultant appointed by French oil giant TotalEnergies has released an action plan that could lead to the company resuming the construction of a $20bn liquefied natural gas project in northern Mozambique.
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