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Kyrgyzstan announces signing of 10 deals worth $2.5bn at Issyk-Kul international economic forum
Petronas announces six discoveries offshore Sarawak
Petronas Carigali, a subsidiary of Malaysian state-owned energy company Petronas, announced on 21 July that it has made six oil and gas discoveries in five offshore blocks off the coast of Sarawak.
Vietnam to build oil, gas storage system by 2030
The Vietnamese government has approved a master plan for the creation of a national oil and gas storage system with a view to having it complete by 2030 at a cost $11.42bn.
Turkmenistan: Watched over by CCTVs of loving grace
Europe's elusive pipeline, Gulf investment, Korean lobbying and a new ghost town.
Canada proposes curbs on ‘inefficient’ fossil fuel subsidies
The Canadian government on July 24 unveiled a controversial framework for eliminating “inefficient” fossil fuel subsidies.
Exiting Russia is prove increasingly difficult, says Wintershall Dea head
Wintershall Dea’s CEO Mario Mehren said on July 27 that "new obstacles to exit are being created on a daily basis," in a call to discuss his company's second-quarter financial results.
US gas prices fall 34% in first half of 2023, says EIA
The average monthly spot natural gas price at the US benchmark Henry Hub fell 34%, or $1.12, per million British thermal units (mmBtu) to $2.18/mmBtu between January and June, according to the Energy Information Administration.
TC Energy sells 40% of Columbia Gas, Columbia Gulf to GIP for $5.2bn
TC Energy has entered into an agreement to monetise a 40% interest in its Columbia Gas Transmission and Columbia Gulf Transmission systems.
US energy secretary calls again for additional oil supplies
US Energy Secretary Jennifer Granholm has called again for additional crude supplies because of volatile markets.
US Bureau of Land Management proposes higher costs for leases
The US Bureau of land Management (BLM) is proposing costlier oil and gas leasing on public land to abide by the Inflation Reduction Act (IRA), signed into law in August 2022.
Biden admin mulls new restrictions on Gulf of Mexico due to whales
The American Petroleum Institute (API), EnerGeo Alliance and National Ocean Industries Association (NOIA) are objecting to what they say are the Biden administration’s proposed “baseless” restrictions on energy operations in the Gulf of Mexico.
Higher rain levels in Brazil help stave off gas pain in Europe
The end of Brazil’s drought has allowed US sellers to send more LNG to Europe, but these conditions may not persist beyond the short term.
Chevron sets new quarterly record in Permian
Chevron set a new quarterly record for Permian Basin production, of 772,000 barrels of oil equivalent per day in the second quarter of 2023. It was an 11% increase year on year.
EU, Venezuela in talks on methane capture, exports
At least three European firms are slated to work with Venezuela's PdVSA to start trapping methane emissions and sending them to Atlantic LNG for processing and export.
Egyptian firm TAQA Arabia to study Tanzania’s natural gas market
State-owned Tanzania Petroleum Development Corporation (TPDC) has awarded Egyptian company TAQA Arabia a contract to undertake a feasibility study aimed at increasing domestic use of natural gas in the coast city of Dar es Salaam.
South African petrochemical multinational, Sasol, commissions $760mn gas production facility in Mozambique
Armenia's draft budget for 2024 reflects funds allocation for nuclear plant service life extension
Drilling of oil development wells in Uganda starts
UAE, Japan to increase joint co-operation in clean energy
The UAE and Japan have agreed to improve co-operation in various joint initiatives involving hydrogen production, low-emission blue ammonia and emissions-reducing technologies during Japanese Prime Minister Fumio Kishida's visit to the region.
Turkey’s polymer imports reported as running at record levels despite weak market sentiment
Serbian government to invest €320mn to strengthen electricity distribution network
The Serbian state is investing €320mn in strengthening the distribution network, Minister of Mining and Energy Dubravka Djedovic said on July 26.
Intraday electricity market launched in Serbia
Serbia’s Ministry of Mining and Energy announced that the SEEPEX power exchange successfully launched the Serbian continuous intraday electricity market on July 25, 2023.
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