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TotalEnergies rep says gas is Nigeria’s best option for low-carbon future
Victor Bandele, deputy managing director for deepwater operations at TotalEnergies Nigeria, says his company sees natural gas as Nigeria’s best option for expanding access to electricity while minimising carbon emissions.
NUPRC head says Nigerian companies should see IOCs’ divestments as an opportunity
Gbenga Komolafe, the head of the NUPRC, has urged Nigeria’s largest independent oil companies to take advantage of opportunities that are emerging because of foreign investors’ decisions to divest.
Belarus controversial nuclear power plant set to be finished this year
Rosatom plans to finish the controversial Ostrovets Nuclear Power Plant in 2022
Rosneft goes ahead with record dividend
Nigeria could witness ‘mother of all queues’ due to fuel debts, retailers warn
The Independent Petroleum Marketers Association of Nigeria has warned that Nigeria could witness “the mother of all queues” if the government fails to pay money owed to the oil sector.
Iran's refining capacity reaches 2.2mn bpd
Iran launches flights between Shiraz and Oman
Iranian refinery capacity bounces back
Croatia extends price caps on fuel for two weeks
Kuwait, Saudi discuss expediting PNZ projects
CBN says rising crude prices are not helping Nigeria due to sluggish oil revenues, high gasoline subsidies
The Central Bank of Nigeria (CBN) says the rise in world crude oil prices is not benefiting the government’s finances, as spending on domestic gasoline subsidies is rising more quickly than oil revenues.
State agency backs North West Shelf extension, with environmental conditions
The Western Australian Environmental Protection Authority (EPA) has backed a proposal to extend the lifespan of Woodside Energy’s North West Shelf (NWS) LNG project by 50 years, with environmental conditions.
Hoegh, AIE finalise FSRU charter contract for Port Kembla LNG
Hoegh LNG Holdings said on June 24 that its floating storage and regasification unit contract with Australian Industrial Energy (AIE) had been finalised.
China seeks improved energy relations with new Philippine government
Beijing signalled a willingness to work with the new Philippine government to resolve their South China Sea disputes, having recently terminated talks on joint exploration with the previous government.
Petronas, Mitsui partner on CCS studies
Malaysia’s Petronas and Japan’s Mitsui & Co. have signed a memorandum of understanding on partnering on studies into carbon capture and storage.
Offloading begins at PTT’s Nong Fab LNG import terminal
Contractor Saipem said last week that offloading of the first LNG cargo had begun earlier in June at PTT LNG’s Nong Fab import terminal in Thailand’s Rayong Province.
Sun-drenched Uzbekistan on the verge of a renewables boom
International investors are vying to build new solar and wind farms in Uzbekistan as the country tries to reduce emissions while also supplying power to its growing population.
Shell follows Nigerian Supreme Court’s order and suspends SPDC stake sale
Shell has put plans for selling its 30% stake in the Shell Petroleum Development Corp. (SPDC) JV on hold pending the Nigerian Supreme Court’s resolution of a lawsuit related to an oil spill in 2018.
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