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Landmark emissions reduction project with ExxonMobil announced in Louisiana
A landmark emissions reduction project in Louisiana has been announced. ExxonMobil, CF Industries and EnLink Midstream are to collaborate on the largest-of-its-kind commercial agreement to capture and permanently store up to 2mn tonnes of CO2.
ExxonMobil mulls purchase of oil recovery specialist Denbury
ExxonMobil is considering a purchase of the oil recovery specialist Denbury, Bloomberg News has reported, citing anonymous knowledgeable sources. The talks are at an early stage, said Bloomberg.
Diamondback to acquire FireBird Energy
Diamondback Energy has announced a major Midland Basin acquisition. Diamondback has agreed to purchase the Permian driller FireBird Energy for $1.6bn in cash and stock.
Zelenskiy calls for financial Ramstein group to help raise billions in support for Ukraine
Ukrainian President Volodymyr Zelenskiy emphasised the need for a financial group similar to the Ramstein format to help with Ukraine’s economic needs, Interfax Ukraine reported on October 13.
KEPCO losses put its energy transition plans at risk
South Korean state utility KEPCO could find it difficult to follow through on its plan to sell its coal and gas assets abroad to fund the clean energy transition at home as it tries to fill a $12bn operating loss hole in its balance sheet.
AsiaElec: KEPCO losses put its energy transition plans at risk
Opening new mines in India will not solve power crisis
The Indian government plans to develop 99 new coal projects, producing 427mn tonnes per year, in order to tackle the current coal shortage, even though the country has even more capacity currently lying idle.
Hungary seeks continued energy cooperation with Moscow, foreign minister says at Russian Energy Week
Poland does "not rule out” taking over control of Yamal pipeline manager Europol Gaz
Kazakh authorities insist substantial operations of Kashagan and CPC pipeline set to resume before end-Oct
Russian oil major Lukoil to get 56.43% in Enel Russia
Russia ordered to pay $2.6bn to former Yukos shareholders
India suspends environmental clearance for coal power plant
India’s National Green Tribunal has suspended the environment clearance granted for the Yadadri Thermal Power Station being built in Nalgonda district.
US EIA retains the estimate of liquid hydrocarbon production in Azerbaijan in 2022-2023
EBRD invests $13.8mn in first green bond listed in Georgia
Slovenian government adopts decree to define energy poverty
NYK to develop offshore wind education
Nippon Yusen Kaisha (NYK) and Nippon Marine Enterprises are to establish a training centre for offshore wind power generation in Akita Prefecture, Japan.
Venezuela’s overblown ambitions for Petrocaribe
Barring a change in US sanctions policy, reviving Petrocaribe is likely to prove difficult for Venezuela, as it cannot easily export oil or keep its refineries in good repair.
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