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ExxonMobil on the hunt for more suppliers for its Guyana operations
ExxonMobil Guyana is looking to engage with multiple suppliers over the provision of a new set of onshore and offshore services as part of its Stabroek Block operations offshore Guyana.
Brazil's president urges Petrobras to adjust investment plan
Brazil's president, Luiz Inacio Lula da Silva, has reportedly urged the head of state-run oil firm Petrobras to adjust the company's 2024-2028 investment plan, with a focus on prioritising local job creation.
Mexico’s president requests weekly spending updates from Pemex
In an effort to curb excessive spending at Pemex, Mexico’s state-owned energy major, President Andres Manuel Lopez Obrador has directed the company to provide weekly spending updates to the head of the country's tax authority.
Brazil’s Braskem open to due diligence following ADNOC's offer for Novonor’s stake
Brazil’s petrochemicals major, Braskem, has expressed its willingness to undergo due diligence across all of its operations in response to an offer from Abu Dhabi's state-owned Adnoc for a controlling stake in the company.
Slovenian energy group Petrol names new board president
Nigeria oil minister threatens licence revocation for inactive operators of marginal fields
Speaking during a visit to Waltersmith Petroman’s modular refinery in Imo State, Senator Heineken Lokpobiri, the Minister of State for Oil, called out the companies that have been given licences but have not invested.
CEE Bankwatch slams new wave of Balkan gas projects
NGO urges development partners to stop funding fossil fuel projects in the region and focus only on renewables.
Fitch affirms Uzbekneftegaz at 'BB-'/Stable
Shell and Trinidad's NGC nearing approval for joint gas venture in Venezuelan waters
Venezuela is set to grant a licence to Shell and Trinidad and Tobago's National Gas Co. (NGC) to exploit a promising offshore natural gas field, with plans to export the production to Venezuela.
Russian regional oil major Tatneft surprises with 3Q23 dividend
The board of the Russian regional oil major Tatneft of Tatarstan Republic recommended a 3Q23 dividend of RUB35.17 per share, making a dividend yield of 5.7%, Renaissance Capital wrote on November 22.
Iran voices support for OPEC+ decisions as policy meeting postponed
Iran will back any decision by the Organization of the Petroleum Exporting Countries and allies, known as OPEC+ in its upcoming meeting, Oil Minister Javad Owji said, hours before the oil cartel delayed the weekend session to November 30.
Oman LNG signs nine-year supply deal with BP
State-run Oman LNG has signed a sales and purchase agreement with UK energy firm BP to supply it with 1mn tonnes per year of LNG for a nine-year period.
Iran's petrodollars to slide 8.1%, draft budget bill shows
Iran’s oil and gas revenues will see a drop of more than 8.1% in the next Persian calendar year starting on March 20, 2024, a draft budget proposed by the government shows.
Lukoil to take full control of Eridu, awards WQ-2 gas deal
The Russian NOC is doubling down on upside at oilfields in southern Iraq, and receiving Baghdad’s support
Africa’s massive opportunity in critical minerals for the clean energy transition
Africa is home to one-third of global mineral reserves. An enormous opportunity exists to transform many African economies rich in the critical minerals needed for the clean energy transition.
Incoming Argentine leader Milei pledges to privatise energy company YPF
Argentina’s president-elect Javier Milei has confirmed his plans to privatise state energy company YPF
South Africa secures $1.85bn in funding for just energy transition from World Bank, KfW, AfDB
South Africa has signed bilateral loan agreements with the World Bank, German state-owned development and investment bank KfW and the African Development Bank to support the country’s just energy transition.
Nigeria and Argentina look to partner on natural gas exploration, production projects
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is seeking a collaborative venture in natural gas exploration and production with Argentina, it has revealed.
CNG prices hiked in Delhi-NCR from November 23
Indraprastha Gas Ltd has implemented a price hike of $0.012 per kg for compressed natural gas in Delhi, Noida, Greater Noida and Ghaziabad, effective from November 23
Scania partners to launch biodiesel project in Côte d’Ivoire
Scania West Africa, TotalEnergies Marketing Côte d’Ivoire, LA SIR and Agence Nationale d’Appui au Développement Rural (ANADER) have launched a new biodiesel project in the capital of Côte d’Ivoire, Abidjan.
Hungary bows to pressure from EU to relax tight rules on wind farms
Previous rules made it virtually impossible for developers to set up wind turbines anywhere in the country.
Nordex Group secured 56-MW wind farm order in Croatia
Moldova’s foreign trade returning to normal after energy price shock
Moldova’s foreign trade was severely impacted by the political conflict with Russia, which abandoned preferential prices starting in Q4 2021.
Russian LNG exports to China soar
Russian LNG exports to China from January to October have climbed to 6.9mn tonnes, a rise of almost 40% on the same period last year, according to data from China’s General Administration of Customs.
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