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ENERGO: Russia's booming uranium trade
ONGC invests $24bn to meet 2038 net zero target, but oil and gas output to rise
The Oil and Natural Gas Corporation (ONGC) of India said last week that it will invest $24.2bn in several clean energy projects that will help the state-owned company reach its net-zero emissions target of 2038.
Bangchak completes purchase of Esso Thailand
Thailand’s petroleum and energy giant Bangchak Corporation has acquired a 65.99% stake in ExxonMobil Asia Holdings. In the process the firm has acquired Esso Thailand and a sizeable portfolio of Esso petrol stations nationwide.
Japan-US deal on carbon-neutral LNG supply chain moves forward
Houston-based Sempra Infrastructure has agreed a deal with a Japanese consortium to install a carbon-neutral LNG supply chain in the continental USA, with the end product to be shipped back to Japan.
Shell Sarawak delivers first gas from Malaysia’s Timi field
Sarawak Shell Berhad (SSB) announced last week that it has brought first gas into production at the Timi field offshore Sarawak in Malaysia. SSB, a Shell subsidiary, said it is the oil giant’s first wellhead platform powered by hybrid solar and wind.
Venezuela could help achieve global gas stability if sanctions are removed, oil minister says
Venezuela's Minister of Oil, Rafael Tellechea, claimed that the nation stands ready to ensure stability in global gas trade if “extraterritorial economic sanctions” are lifted.
Wintershall plays down hit to loss of Russian business
Bio-waste sorting will be mandatory next year in Latvia
Petrobras aims to install 11 new FPSOs by 2027 in pre-salt layer
EU mulls making joint gas purchases permanent
The European Commission is seeking to make the EU’s joint gas procurement scheme a permanent fixture, after demand in the system’s tenders held earlier this year exceeded expectations, Reuters reported on September 5.
Pemex gets billions for debt payment in Mexico draft budget
The Mexican government’s draft budget for next year includes a capital allocation to state-owned energy major Pemex to pay maturing debts that have surpassed $11bn, according to people familiar with the matter, Energiesnet reported on September 4.
Iran set to slow oil exports
Iranian oil exports – steadily rising following a looser approach to sanction enforcement by the US – are set to slow for the rest of 2023 as demand in Asia declines towards the end of 2023.
SABIC, Sinopec announce commission of new polycarbonate plant
Saudi Arabia's Basic Industries Corporation (SABIC) and China Petroleum and Chemical Corporation (Sinopec) announced the start of commercial operations at a new polycarbonate plant under a 50:50 joint venture on September 6.
Petrobras makes its first purchase of carbon credits
SAF progress stalls in Africa
Energy analyst and project officer at WWF South Africa Farai Chireshe stated September 5 that sustainable air fuel (SAF) projects in Africa had stalled due to lack of demand.
Mexico’s Pemex starts up Dos Bocas refinery
Solar tracker firm Trina installs factory in Brazil, its first outside of China and Spain
India’s H-Energy to build a gas transmission line in Bangladesh
Aramco, Stellantis find European engines are compatible with eFuels
Commonwealth LNG takes another step forward with non-binding supply agreement
US-based Commonwealth LNG announced this week that it had entered into a heads of agreement with Swiss-headquartered MET Group for the sale and purchase of 1mn tonnes per year of LNG from its planned export terminal.
Dragon talks likely to keep dragging on
Shell and NGC may be ready to credit PdVSA’s past outlays, but Venezuela’s pipeline proposals and the persistence of US sanctions are complicating talks on the Dragon project.
Brazil’s trade in decarbonisation credits exceeds $1.6bn
Bidding for gas work heats up in Saudi
Awards are expected to be communicated by Aramco for the expansion of the Jafurah gas project as well as the Fadhili gas plant
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