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Petrobras CEO says Lula is not interfering with domestic petroleum product pricing
Jean Paul Prates, the CEO of Brazil’s national oil company Petrobras, has said that the country’s president is not interfering in fuel pricing decisions.
Brazil’s oil and gas production hits new record high in June 2023
Brazil’s hydrocarbon production marked another month-on-month rise in June 2023 and reached the record-high level of 4.324mn barrels of oil equivalent per day.
Dragon deal delayed as Venezuela digs in
Port of Spain is keen to push the Dragon gas development project forward, but little progress is likely in the short run because of Caracas’ insistence on favourable terms.
Canada’s Trillion farms in to Turkish blocks
Canadian firm Trillion Energy has signed a deal to farm into three exploration blocks in south-east Turkey with a local explorer.
US Supreme Court clears path for Mountain Valley completion
The US Supreme Court has lifted stays imposed by a lower court on the Mountain Valley Pipeline that had been preventing completion of a final section of the project.
South Africa's manufacturing sector in longest decline since 2019, energy crisis cited
Bulgarian court’s failure to act allows Maritsa East 2 coal plant to continue polluting
Russia’s budget back inside the 2% of GDP target after revenues surge in June
Russia’s budget went back into profit in May with a negligible gain, but in June revenues surged to a RUB815bn ($8.7bn) monthly surplus. That has shaved almost RUB1 trillion off the cumulative deficit and put it back inside the 2% of GDP target.
Nigeria eyes Russian energy tech, partnerships
Nigeria has expressed interest in acquiring Russian technologies in the oil and gas sector and attracting its companies to join oil and gas projects, Gabriel Aduda, the permanent secretary of Nigeria's oil ministry, said at the Russia-Africa summit.
Aramco awards rig contracts to Arabian Drilling
Saudia Arabia’s services firm Arabian Drilling has received contracts worth SAR3bn ($800mn) from majority state-owned Saudi Aramco covering the supply of 10 land rigs.
Romgaz resumes works at 430MW gas-fired power plant
Denmark’s CIP, Lithuania’s Ignitis to jointly bid in Estonian and Latvian offshore wind tenders
August referenda in Ecuador could shut down oil and gold mining projects
A vote to shut down the 43-ITT block in the Yasuni nature reserve in the Amazon would mean the South American country losing around 12% of its 480,000 barrel per day crude oil output, Reuters reported on August 1.
Iran’s IRGC naval wargame kicks off near disputed Persian Gulf islands
Iran’s Islamic Revolutionary Guard Corps (IRGC-N) naval forces are conducting exercises near three disputed islands in the Persian Gulf under the wargame title “Shahid (Martyr) Eshaq Dara.”
US LNG exports climb in July after completion of maintenance works
The US has recorded a 9% rise in LNG exports in July compared to June, Reuters reported on August 2 citing preliminary data from Refinitiv Eikon.
Iran’s daily crude oil output rises to five-year high
South Africa's NECSA agrees to cooperate with Russian nuclear fuel company TVEL
TVEL provides consumed nuclear fuel for Russian and international nuclear power plants (NPPs). One of every six nuclear reactors in the world operates on fuel manufactured by the ROSATOM unit.
EV taxi import top priority: Industry Minister
Niger coup threatens Nigeria-Morocco 30bcm gas pipeline project
A $13bn project to build a gas pipeline connecting giant gas fields in Nigeria to Europe is threatened by the recent coup d'état in Niger.
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