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Croatia to invest €400mn in green transition
Estonian EC Energy Commissioner not in favour of building nuclear power plant in Estonia
Unlocking international finance for Vietnam's clean energy transition
Vietnam's energy transition could be facilitated by new rules and the revision of existing power purchase agreement models
Pertamina Geothermal expands into Kenya's Suswa Geothermal Project
Indonesia-owned PT Pertamina Geothermal Tbk (PGEO) is set to embark on the Suswa Geothermal Project in Kenya, as indicated by a joint statement
Iran's call at Caspian nations meeting for end to Israel oil supplies awkward demand for Azerbaijan, Turkey
COP28: A week in, and fossil fuels and finance dominate
The first week of COP28 has ended, and climate diplomats must now hammer out the final agreements.
REM: At COP28, a week in, and fossil fuels and finance dominate
Insurers heavily exposed to climate crisis, says watchdog
A new report from the International Association of Insurance Supervisors (IAIS) finds that insurers face significant “material exposure” to climate change impacts and risks associated with their alternative investments in reinsurance.
COP28: ExxonMobil CEO rails against fossil fuel phase-out, tells summit to focus on emissions
ExxonMobil’s CEO, Darren Woods, has told the COP28 meet in Dubai that the world should focus on reducing emissions rather than phasing out fossil fuel.
Earth nears catastrophic climate tipping points, say scientists
Climate change has pushed the world into a precarious position concerning numerous planetary 'tipping points,' according to an extensive scientific evaluation completed by over 200 researchers.
Sentuo slow to address issue of crude supply without forex liability
Bright Simons, vice president of policy think-tank IMANI Africa, has claimed that Sentuo Oil – a Chinese refinery – has neglected to resolve the problem of providing regular crude oil supply without forex liability.
COP28: US joins 24/7 renewables drive
The US government has joined a UN initiative to encourage the use of renewables at all times of the day, every day.
Zimbabwe-Mozambique petroleum pipeline on target
Zimbabwe’s second petroleum pipeline project linking Beira in Mozambique to Harare is currently making good progress, according to a deal maker involved in the project.
Norway urges operators to "leave no stone unturned" in developing difficult gas resources
Norwegian offshore oil and gas operators should leave “no stone unturned” in developing the country’s vast remaining proven gas resources.
Port Harcourt refinery expected to resume operations December 2023
Nigeria’s Port Harcourt Refining Complex (PHRC) located in Eleme is set to re-start full operations by the end of December 2023.
TTF prices remain subdued as storage volumes remain high
The Dutch front-month TTF price dropped to $12.07 per mmBtu on December 6 from $13.7 on November 28, despite earlier predictions of colder weather sweeping Europe.
Serica sees output surge at North Sea fields
London-listed Serica Energy has reported a surge in production across its North Sea licences, surpassing 50,000 barrels of oil equivalent per day after conducting remedial work on wells within the Bruce and Guillemot fields.
COP28: US pledges $3bn to UN green climate fund
The US has pledged $3bn to the UN’s Green Climate Fund at the COP28 conference in Dubai. The announcement was made by US Vice President Kamala Harris at the conference.
This winter’s gas crisis in Europe is already over before it began
Europe went into this year’s heating season, which started on November 7, with its tanks full to bursting; the EU gas storage tanks were close to 100% full as the weather turned cold.
Russia takes over Iraqi oil field from Japan
Iraqi oil expert Hayder Al-Battat has clarified the reality of Russia's expansion in Iraq's energy and oil sector, particularly in light of Russian company Lukoil acquiring a stake from Japan's Inpex Corporation in the Aridu field.
Putin arrives in UAE to great fanfare
Russian President Vladimir Putin embarked on a significant one-day visit to the UAE and Saudi Arabia on December 6, with a focus on reinforcing cooperation within the OPEC+ group of leading oil producers and addressing fundamental regional conflicts.
Iran to begin construction of long-overdue Anahita refinery in Kermanshah
Iran has taken a major step to get a long-stalled project off the ground, after signing a memorandum of understanding to finance the construction of Anahita petroleum refinery in the western province of Kermanshah.
Iran’s Yazd Province eyes 2,000 MW of solar power in 4 years
Iran plans to set up dozens of solar farms in the central Yazd province within four years under a comprehensive scheme to generate 2,000 MW of green energy per day.
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