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Guyana is key to global liquids production, research firm suggests

Specialist market research and consultancy firm Westwood Global Energy Group believes that Guyana will play an instrumental role in driving liquids production, namely crude, condensate and NGLs, to a forecasted 100mn bpd globally by 2030.

PetroChina and Repsol to pivot from Canadian to Venezuelan crude amid US sanctions relief

In the wake of a temporary relaxation of oil sanctions on Caracas, two prominent purchasers of Canadian heavy crude exports from the US Gulf coast are positioned to escalate their intake of Venezuelan crude, potentially displacing Canadian crude.

Tullow Oil to miss 2023 target over delay at Ghana field

Iraq’s North Refinery to begin operations in 2024

Iraq’s 150,000 barrels per day North Refinery is anticipated to start trial runs in March 2024, according to comments made by an official spokesperson of the planning ministry.

CNOOC starts phase one production at Bozhong 19-6 condensate field

Nigeria grants Dangote licence to refine 300,000bpd of crude

Nigeria’s 650,000 barrels per day (bpd) Dangote refinery has secured a license allowing it to refine more than 300,000bpd of Nigerian crude oil and is moving to begin processing gasoline shortly.

Egypt to raise petchem, fertiliser exports to African states

Egypt is set to increase exports of petrochemicals and fertilisers by 10% to African countries in 2024 according to an announcement made on November 12 by Khaled Abul-Makarem

Suzlon Energy shares gain over 4%, hit 52-week high.

Shares of Suzlon Energy continued their upward trajectory for the fourth consecutive session, following its inclusion in the MSCI Global Standard index

Vietnam's PV Gas climbs to 3rd in stock exchange capitalisation

PetroVietnam Gas Joint Stock Corporation has witnessed a steady recovery, culminating in its shares closing at approximately $3.3 per share on November 15

Poland’s Orlen reportedly in talks to take over Kuwait Foreign Petroleum Exploration Company’s assets in Norway

Kazakh-French joint venture KATCO to begin uranium mining at South Tortkuduk by end-2023

Croatian households to receive €12.4mn for installing solar arrays

Kenyan government introduces temporary fuel subsidy

The Kenyan government has intervened to subsidise fuel prices in a bid to stop them rising to Ksh300 ($1.97) per litre.

Oikocredit clears $2mn loan to Zambia-focused off-grid solar systems provider RDG Collective

South Africa publishes draft law to establish national petroleum company

Iran’s oil output maintains monthly surge, OPEC report shows

Iran’s crude oil production inched up in October, keeping its upward trend throughout the whole year, the latest report of the Organization of the Petroleum Exporting Countries (OPEC) showed.

Georgia's LNG imports from Russia up 43.1%

In the first ten months of 2023, Georgia saw a significant 43% increase in liquefied natural gas imports from Russia, totalling 47,800 tonnes, according to the Union of Oil Products Importers of Georgia.

SOCAR and Srbijagas sign contract for the supply of up to 400 mcm of Azerbaijani gas to Serbia in 2024.

According to the Ministry of Energy of Azerbaijan, the agreement was signed following a meeting in Baku between the Minister of Energy of Azerbaijan Parviz Shahbazov and the Minister of Mining and Energy of Serbia Dubravka Đedović Handanović.

EU countries increased gas imports from Azerbaijan by 4.3% y/y for 9 months

In January-September 2023, EU countries Italy, Greece and Bulgaria increased their gas imports from Azerbaijan by 4.3% compared to the same period last year, reaching 364,157 TJ, according to Eurostat data.

Azerbaijan increased gas exports by 8% in January-October

In the period from January to October 2023 Azerbaijan achieved significant growth in both gas production and export. The country's gas exports increased by 8.2% to reach 19.8 bcm, as reported by Energy Minister Parviz Shahbazov.

Naftogaz Group has paid $2.1bn in taxes in 2023

Naftogaz Group, Ukraine's state-owned energy company, has paid UAH75.4bn ($2.1bn) in taxes for the period spanning January to October 2023.

NuScale terminates novel advanced SMR nuclear project

NuScale has terminated the US’s first small modular reactor (SMR) in Idaho in the US because of rising costs and a lack of backers. NuScale had worked on the project for a decade.

Damage to offshore wind cables is top cause of sector’s insurance claims

The offshore wind industry may be poised for growth, but economic pressures and tech innovation need to be managed. This is according to Allianz Commercial, the insurer, in a new report.

Gas Malaysia plans two more biomethane projects for 1H24

Gas Malaysia is taking steps to commission two more biomethane projects as part of a plan to expand the company’s – and the country’s – use of natural gas produced from biological sources.

US in dire climate straits, government report says

The US is experiencing accelerated warming and “far-reaching and worsening” conditions of climate change compared with the rest of the world, according the recently released Fifth National Climate Assessment.