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Brazil’s regulator grants TGS licence for seismic research in Equatorial Margin
Brazil’s environmental regulator Ibama has granted TGS the environmental licence for a multi-client 3D seismic research activity in the Equatorial Margin region, covering the Para-Maranhao and Foz do Amazonas basins.
FTC probes $53bn Chevron-Hess deal
The US Federal Trade Commission is seeking additional information on the $53bn Chevron and Hess deal, the companies have said.
Carbon pricing would raise the money needed for climate crisis, says head of IMF
The head of the International Monetary Fund has said that using the trillions of dollars that subsidise fossil fuel and bringing in carbon pricing would be enough money to tackle the climate crisis.
Guyana to continue oil development amid Venezuela border threat
Guyana's Vice President, Dr. Bharrat Jagdeo, dismissed Venezuelan President Nicolas Maduro's annexation plans for the Essequibo region, affirming it won't hinder Guyana's oil developments. “If we pause any of our developments, Maduro succeeds.
Guyana VP assures oil companies that Venezuela not a threat
Guyana's Vice President, Dr Bharrat Jagdeo, has urged oil companies operating in the country's exclusive economic zone (EEZ) to disregard Venezuelan President Nicolas Maduro's recent directive to vacate.
Iran to overhaul Syrian refinery after repair job in Venezuela
Iran will soon begin repair work at one of Syria’s only two oil refineries, an official with the National Iranian Oil Refining and Distribution (NIORDC) said.
Niger set to make leap into oil exports with new pipeline project to Benin
Niger is on the verge of a significant milestone as it prepares to kickstart its crude oil exports via a newly established pipeline linking the country to Benin.
Indonesia's Pertamina terminates LNG offtake deal with TotalEnergies-led Mozambique LNG
Pertamina signed the offtake agreement with Mozambique LNG, a TotalEnergies-operated consortium in 2019. The joint venture plans to invest $20bn to develop the gas project.
Iran in talks to expand production at Syria’s Homs oil refinery
Syria’s Homs Refinery Co. (HRC) is in the final phases of completing a refining cooperation contract with Iran to expand its refining capacity by 120,000 barrels of oil in its first phase.
Kretinsky’s EPH projected to be largest tax payer in Czechia
South Africa's Hive Hydrogen, Japan's Itochu to collaborate on $5.8bn green ammonia export project
Hive Hydrogen South Africa (Hive) and Japan’s Itochu Corp. have signed a memorandum of co-operation to advance the former’s $5.8bn Coega Green Ammonia Export Project (Coega) in the African country.
Vietnam needs over 74mn tonnes of coal for power generation in 2024, with 26mn tonnes to be imported
In accordance with the planning decision for electricity production in 2024, coal-fired power plant investors are mandated to secure a total of over 74.3mn tonnes of coal for the upcoming year's electricity generation
One year on: laundromat countries allow Russia to dodge oil price cap sanctions
While it is clear that the sanctions have not reduced the Kremlin’s resolve for war one year on, a CREA analysis revealed that the EU oil import ban and G7 price cap have cut the country’s export earnings from oil by only 14%.
IREDA shares hit 20% upper circuit
Indian Renewable Energy Development Agency shares experienced a robust surge, climbing 20%
Hungary seeks more time to sell fuel produced from Russian oil
Hungary’s government intends to veto the proposed 12th package of EU sanctions against Russia if Brussels does not allow the country’s state-owned energy firm MOL to sell petroleum products produced from Russian crude to Croatia and Czechia.
Indonesian oil distributor AKR Corporindo initiates LNG venture in Java's KEK JIIPE, eyes 2027 operation
PT AKR Corporindo Tbk, a prominent player in the oil distribution sector, is gearing up to launch a liquefied natural gas project within the Java Integrated Industrial and Port Estate
SOFAZ revenues will amount to about $4.8bn in 2024
The State Oil Fund of Azerbaijan (SOFAZ) is projected to receive $4.791bn in 2024 from the sale of oil and gas under production-sharing agreements, according to the Accounts Chamber.
Azerbaijani Energy Minister meets China Energy International Group
Azerbaijani Energy Minister Parviz Shahbazov held a meeting in Baku with the president of China Energy International Group Co., Qiao Xuebing.
China to produce electric buses in Azerbaijan
Azerbaijan Investment Company, the Chinese conglomerate BYD Company and the Electrify Azerbaijan Company have signed a memorandum of understanding.
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