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DMEA: Iran, Venezuela sign petchem deal
Algeria announces $1.93bn plan to cut energy consumption by 10% by 2030
The Algerian National Agency for the Promotion and Rationalisation of Energy (APRUE) announced a plan to spend DZD260bn ($1.93bn) to cut energy consumption by 10% by 2030.
Israel’s objections to US, Iran nuclear agreements include ‘understandings’ and ‘mini deals’ says Netanyahu
Istanbul-listed Sasa shareholder sells 1% stake to foreign investors via private placement for TRY 4bn
Kazakhstan, China expand oil and gas ties with raft of new deals
Kazakhstan has struck a number of deals this month to expand co-operation with China in the oil and gas industry, as Astana seeks closer ties with Beijing while reducing its reliance on Moscow.
Gazprom strikes deal on gas supply to Uzbekistan
Russia’s Gazprom has signed a contract for the supply of natural gas to Uzbekistan, the company announced on June 16, with shipments potentially ranging between 4-10 bcm per year.
South Korea’s return to nuclear power picks up the pace
Work has now started at the all-important Shin Hanul nuclear power plant after the central government gave the all clear earlier in the month in a meeting of the Power Development Project Promotion Committee.
A trio of subcontinent nations agree far-reaching power trade deal
Bangladesh, India and Nepal have put pen to paper on a draft agreement aimed at developing a greater degree of tripartite energy infrastructure than is currently in place over the next few years and beyond.
Russia repeats calls for transparent probe into Nord Stream blasts
Russia has stepped up calls for a transparent investigation into the blowing up of the Nord Stream pipelines last week.
Russian President Putin said Russia is “getting off the needle” of raw material exports
Russian President Vladimir Putin said Russia is “getting off the needle” of its raw materials export dependency during his keynote speech at the St Petersburg International Economic Forum (SPIEF) on June 16.
Russia continues to court oil buyers in China and India as Sakhalin beckons
In a move initiated by the local head of the Russian island of Sakhalin, companies in China and India have been invited to consider investing in the region’s infrastructure.
China’s drive back to the Cretaceous in search of oil and gas
Chinese engineers have started to dig an 11-km deep borehole in the Taklimakan Desert, a part of the disputed Xinjiang Region in north-west China, in search of oil and gas.
Singapore sees surge in ship bunkering demand in May
Monthly sales of marine fuel in Singapore, the world’s largest ship refuelling hub, spiked at a five-year high in May, official data revealed.
Sri Lanka fuel deal to guarantee stable supply to energy stricken island
The government in Sri Lanka has agreed a deal with a US firm to guarantee a stable fuel supply to the island as part of a collaboration with Shell and a US fuel distributor.
US buys 3.1mn barrels for SPR, to seek 3mn more
Five companies have been awarded supply contracts for a total of 3.1mn barrels of oil for the Strategic Petroleum Reserve (SPR) stockpile.
Seneca, Northeast join CG Hub’s certified gas trading platform
CG Hub, the world’s first commodities trading platform focused exclusively on certified gas and certified gas certificates, has announced that Seneca Resources and Northeast Natural Energy have joined its certified gas platform.
Australia's Pilot, Norway's KNCC, team up on CCS project offshore Australia
Australian oil and gas firm Pilot Energy and Norwegian tech firm Knutsen NYK Carbon Carriers (KNCC) have signed an MoU on organising a solution for marine transport and offshore injection of CO2 at the Cliff Head CCS project off Perth, Australia.
FLNG export facility proposed in US Gulf of Mexico
A floating LNG export facility has been announced 21 km off Grand Isle, Louisiana. The facility, by Grand Isle LNG, will have a smaller environmental footprint than land-based LNG and will produce competitively priced US LNG for export.
Russia resumes oil exports to North Korea
BP completes upgrades at Cherry Point refinery
Supermajor BP has completed a $269mn investment at Cherry Point refinery near Bellingham, Washington in the Pacific Northwest.
Malaysia's Bumi Armada reports weaker earnings for Q1
Malaysian oilfield services provider Bumi Armada experienced a decline in revenue during the first quarter of the year, with a decrease from MYR605mn ($130.8mn) to MYR544mn ($116.7mn).
Couche-Tard, Suncor, Cenovus are possible suitors for Irving Oil
Couche-Tard, Suncor and Cenovus are considered possible suitors for Irving Oil, the private New Brunswick company that may be for sale.
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