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US and China agree to ramp up renewables
The US and China – the world’s largest emitters – have agreed to try and replace fossil fuels with renewables. Both countries will speed up the adoption of wind, solar and other clean energy through 2030.
REM: US and China agree to ramp up renewables
Siemens Energy reports $4.9bn loss, secures $16.2bn in guarantees
Siemens Energy has reported a loss of €4.5bn for its 2023 fiscal year. The loss was largely because of its wind turbine division, Siemens Gamesa, which had overshadowed an “excellent performance” of its natural gas and grid activities.
African countries move towards CNG adoption
Natural gas-powered vehicles have become an increasingly popular alternative to their fossil fuel counterparts across Africa due to the introduction of supportive policies, investor appeal and infrastructure development.
Aramco reports Q3 results, announces tight gas output
Aramco records another $30bn-profit quarter as it makes its first additional dividend payment and announces first tight gas at South Ghawar.
Iran discussing ‘bigger gas deal’ with Turkmenistan, says oil minister
Iran is in talks with neighbouring Turkmenistan to hammer out a “bigger gas deal,” Oil Minister Jawad Owji said, amid efforts to overcome a chronic gas shortage that intensifies during cold months.
Guyana demands that ExxonMobil accelerate gas development
Guyanese Vice President Dr Bharrat Jagdeo announced that the government wants ExxonMobil to accelerate its monetisation of Guyana’s growing gas assets.
Shell, BP, Edison request US and EU intervention in dispute with Venture Global
The long-running dispute between Venture Global and its European customers BP, Edison and Shell has seen another escalation with the three European companies requesting intervention from the US-EU Task Force on Energy Security.
GLNG: Shell, BP, Edison request US and EU intervention in dispute with Venture Global
Italy’s Snam reveals plans to invest €1bn in LNG terminal near Ravenna
Italian gas grid operator Snam has announced it will pour €1bn into the construction of a new offshore LNG terminal located near Ravenna off the country’s north-eastern coast.
ExxonMobil Guyana bolstered by arrival of three offshore terminal tugs
Maritime vessel manufacturer KOTUG confirmed that its subsidiary KOTUG Guyana has provided ExxonMobil Guyana with three new offshore terminal tugs for its offshore operations
Guyana is key to global liquids production, research firm suggests
Specialist market research and consultancy firm Westwood Global Energy Group believes that Guyana will play an instrumental role in driving liquids production, namely crude, condensate and NGLs, to a forecasted 100mn bpd globally by 2030.
PetroChina and Repsol to pivot from Canadian to Venezuelan crude amid US sanctions relief
In the wake of a temporary relaxation of oil sanctions on Caracas, two prominent purchasers of Canadian heavy crude exports from the US Gulf coast are positioned to escalate their intake of Venezuelan crude, potentially displacing Canadian crude.
Tullow Oil to miss 2023 target over delay at Ghana field
Iraq’s North Refinery to begin operations in 2024
Iraq’s 150,000 barrels per day North Refinery is anticipated to start trial runs in March 2024, according to comments made by an official spokesperson of the planning ministry.
CNOOC starts phase one production at Bozhong 19-6 condensate field
Nigeria grants Dangote licence to refine 300,000bpd of crude
Nigeria’s 650,000 barrels per day (bpd) Dangote refinery has secured a license allowing it to refine more than 300,000bpd of Nigerian crude oil and is moving to begin processing gasoline shortly.
Egypt to raise petchem, fertiliser exports to African states
Egypt is set to increase exports of petrochemicals and fertilisers by 10% to African countries in 2024 according to an announcement made on November 12 by Khaled Abul-Makarem
Suzlon Energy shares gain over 4%, hit 52-week high.
Shares of Suzlon Energy continued their upward trajectory for the fourth consecutive session, following its inclusion in the MSCI Global Standard index
Vietnam's PV Gas climbs to 3rd in stock exchange capitalisation
PetroVietnam Gas Joint Stock Corporation has witnessed a steady recovery, culminating in its shares closing at approximately $3.3 per share on November 15
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