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Gasoline shortages and unexpected consequences
Nigeria’s attempt to avoid labour unrest and consumer discontent by keeping its gasoline subsidy in place indefinitely backfires.
Kazakhstan expects to carry out initial public offerings of Air Astana and KazMunayGas this year
Iran needs to decide within days whether to accept revised nuclear deal says France
Tehran’s chief negotiator says “we are closer than ever to agreement”. But Iranian top diplomat proposes US Congress issues statement to UN stating Washington’s abiding commitment to a restarted JCPOA.
Montenegro’s finance ministry proposes legislation changes to lower excise duties on fuels
Slovenske Elektrarne reaches deal with government to avert windfall tax
Partly state-owned power company agrees to supply electricity to households at prices significantly lower than the current market prices until 2024.
Slovenia records biggest drop in CO2 emissions in EU in 3Q21
Despite the effect of the economic rebound between the third quarters of 2020 and 2021, the long-term trend of EU greenhouse gas emissions displays a steady reduction towards the EU targets.
North Macedonia’s pilot Green Financing Facility to receive funding from Joint SDG Fund
Hurricane ships 530,000 barrels from North Sea Lancaster field
More North Sea M&A on the horizon
Sweden identifies three new offshore wind zones to deliver some 30 TWh p.a.
Sweden’s government has identified three offshore wind zones that it says could deliver up to 30 terawatt-hours (TWh) of wind power per year once developed.
UK orders closure of only shale gas wells
Central Europe still remains tied to Russia's gas pipeline network
But states have made big efforts to reduce their dependence on Russian gas, by accessing other producers via new pipelines and LNG terminals.
CHEC to act as subcontractor for NLNG’s Train 7 project
China Harbour Engineering Co. (CHEC) is slated to act as a subcontractor for the Train 7 expansion project at the Nigeria LNG (NLNG) plant on Bonny Island.
Report: Shell may have started appraisal drilling at Graff oilfield offshore Namibia
Shell (UK) was reportedly slated to begin drilling an appraisal well at Graff, a newly discovered oilfield at the PEL 39 licence area offshore Namibia, on February 15, informed sources have told Upstream.
Nigerian president instructs Senate to fund gasoline subsidy in H2-2022
Nigerian President Muhammadu Buhari has instructed the Senate, the upper chamber of the National Assembly, to allocate NGN2.557 trillion ($6.15bn) in funding for the gasoline subsidy in the second half of 2022.
Hyundai, GE to manufacture Haliade-X in South Korea
South Korea’s Hyundai Electric is to work with Paris-based GE Renewables Energy to manufacture 12-15-MW Haliade-X wind turbines suitable for offshore South Korea.
Japan considering moves to keep fuel prices under control
Largest US grid operator seeks to ease backlog of wind, solar projects
America’s largest grid operator, PJM, is closer to adopting a plan to help clear up a backlog of solar and wind projects seeking grid interconnection.
Paraguay hikes fuel prices in about-face on earlier pledges of short-term stability
Paraguay’s state-run petroleum product concern raised prices for most types of motor fuel at the weekend, abandoning previous pledges to keep prices stable at least until the end of this month.
Invictus to spud first Cabora Bassa well in June
Australia’s Invictus Energy is on track to spud its first well at Special Grant 4571, its licence area within the Cabora Bassa basin in Zimbabwe, in June of this year.
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