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OMV Petrom reports subdued operations in Q2
Romania’s major oil and gas company OMV Petrom reports in a trading update that its power generation unit has not operated in Q2, while the refinery utilisation rate plunged to 31% and the extraction operations have diminished as well.
Fire at Iran's Bandar Abbas refinery
Iran's Aftab Oil Refining Co. (AORC) is dealing with a fire that broke out at its Bandar Abbas refining complex in the southern Iranian port city. State media outlet IRNA reported that eight firefighters had been injured while dealing with the blaze.
ENOC and QatarEnergy sign condensate supply deal
The UAE’s ENOC Group and QatarEnergy have announced a 10-year agreement for the supply of condensates to ENOC Group, starting from this month.
Thailand in negotiations with Qatar for long-term LNG supplies
The possibility of Thailand securing a small-scale contract from the world’s leading exporter, QatarEnergy, is, however, being seen as a possible lead into future discussions on increased imports,
Iraq’s IDC provides drilling update
Iraq’s Ministry of Oil (MoO) this week announced that its drilling subsidiary, the Iraqi Drilling Co. (IDC), drilled or reclaimed 86 wells throughout the country during the first half of 2023.
OMV head says his country will continue to source most of its gas from Russia
Alfred Stern, CEO of the Austrian energy group OMV, says his company will continue to source the majority of its natural gas supplies from Russia in the winter of 2023/2024.
Turkey to automatically hike gasoline tax in every six months
Turkey’s ruling Justice and Development Party (AKP) has filed an omnibus bill with Parliament that includes an article to automatically hike the special consumption tax (OTV/SCT) on fuel products.
Croatian HEP saves €370.6mn on gas purchases with regulated prices
Croatia's national power company, HEP, saved €370.6mn by purchasing gas at a regulated price set by the government, Jutarnji List reported on July 11.
Istanbul-listed Arcelik launches solar panel production plant
Arcelik (ARCLK), a unit of Koc Holding (KCHOL), has launched a photovoltaic solar panel production plant in Beylikduzu district of Istanbul, according to a press release from the company.
Canada’s AOC to raise stake in Block 3B/4B offshore South Africa
Canada’s Africa Oil Corp. (AOC) will increase its stake in Block 3B/4B, an offshore licence area in the South African section of the Orange basin, to 26.25%.
Chariot raises $15mn for onshore drilling operations in Morocco
The London-listed and Africa-focused energy group Chariot said on Monday, July 10 that it had raised $15mn for its onshore drilling operation in Morocco, according to a statement on the London Stock Exchange.
Petropars moving towards Balal production
Iranian offshore operator Petropars expects to begin gas production from the Balal field within the next two years, with work set to begin on a production platform.
Sonatrach, TotalEnergies sign $739mn gas production deal, Algeria
Algeria’s Sonatrach and French firm TotalEnergies have signed contracts focused on boosting gas production under an existing agreement worth $740mn. The deals were signed by Sonatrach CEO Toufik Hakkar and his counterpart Patrick Pouyanne in Algiers.
Moldova prepares to take over gas transport infrastructure from Gazprom
Moldova’s energy market regulator ANRE has designated VestMoldTransGaz, a company controlled by Romania’s Transgaz, as the future operator of the gas transport infrastructure currently controlled by Gazprom owned Moldovagaz.
Germany’s plans to fast-track Ruegen LNG terminal could face legal action
Germany’s plans to fast-track construction of floating LNG terminals off the Baltic Sea coast could be met by legal action, Reuters reported on July 7.
Centrica signs 15-year LNG supply deal with Delfin Midstream
Centrica plc, the parent company of British Gas, has agreed to a 15-year LNG supply deal with US-based LNG export project developer Delfin-Midstream, Reuters reported on July 11.
Bosnia’s Solar Park-Livno to build Nase Sunce solar plant
Bosnia & Herzegovina’s private company Solar Park-Livno will build the Nase Sunce solar farm in the town of Livno, after being granted a concession contract by the local authorities.
TotalEnergies, SOCAR launch first-phase production at Absheron gas field
France’s TotalEnergies has launched the first phase of development at the Absheron natural gas and condensate field offshore Azerbaijan.
Azerbaijan, Hungary discuss gas supplies via Solidarity Ring
Azerbaijan’s Energy Minister Parviz Shahbazov met with Hungary’s Foreign Affairs and Trade Minister Peter Szijjarto on July 10 to discuss energy co-operation.
Kremlin insists gas hub plan still on track despite Turkish tensions
The Kremlin has insisted that its plan for creating a hub for Russian gas supply in Turkey is unaffected by recent strains in ties with Ankara over the latter’s return of five Ukrainian commanders back to Kyiv.
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