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MEOG: KOC signs offshore logistics deal
Klaipedos Nafta posts H1 net profit of €8mn
Military tension in the Black Sea is similar to the Iran-Iraq war threats to oil trade
Tensions in the Black Sea between Russia and Ukraine have escalated rapidly in the last few weeks, drawing comparisons with the 'tanker war' of the 1980s.
Bulgaria’s Chiren gas storage 90% full ahead of winter
US rig count continues steady decline
Active US oil and gas rig counts have been trending downward for several months as shale drillers scale back activity, even as overall production continues to edge upwards.
Equinor hires rig for more exploration offshore Eastern Canada
Norway’s Equinor has hired a drilling rig to carry out more exploration for oil and gas offshore Newfoundland and Labrador.
Chesapeake to offload remaining Eagle Ford assets for $700mn
US independent Chesapeake Energy announced this week that it had struck a deal to sell its remaining Eagle Ford shale assets to SilverBow Resources for $700mn.
US’s New Fortress Energy expects to launch Brazil’s Barcarena FSRU terminal in Q4
New Fortress Energy is expecting to launch its Barcarena floating storage regasification unit (FSRU) in the fourth quarter. Besides an FSRU, the terminal includes a jetty, a three-kilometre pipeline, and a gas conditioning station.
S. African coal producer Exxaro posts lower on-year revenues, profits, earmarks $788mn for renewables
Brazil needs oil revenues to fund green transition, President Lula’s aide says
President Luiz Inacio Lula da Silva remains under pressure to deliver much-needed growth to poor, under-developed regions in the north and northeast of Brazil, and wants Petrobras to be an engine of that growth.
Brazil’s gas-gas indexing grows as Petrobras introduces US Henry Hub-based contract
Brazilian state-owned oil and gas major Petrobras has signed US Henry Hub-indexed contracts which would put Brazil’s gas prices closer to prices in the US, Argus reported on August 14.
Benin awards Japan’s Toyota Tsusho contract for Illoulofin solar power plant second phase
South Africa's energy minister blames former government for mishandling 9.6-GW nuclear project
Jakarta’s Just Energy Transition Partnership campaigns for $20bn
A proposal outlining Indonesia's allocation of $20bn for a transition towards cleaner energy has been submitted to the government and its financing partners, planners announced on August 16.
Carbon capture is only a way to make people feel good about continuing emissions
In recent weeks, the United States has witnessed a surge in carbon capture investment, with major players in the energy sector making significant moves. However, as a technology it remains ineffective.
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