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Russian oil & gas budget revenues shrink 21% in August
Russian oil and gas revenues shrank nearly 21% month on month in August to RUB642.7bn ($6.6bn), finance ministry data released on September 5, as a result of increased subsidies to oil refineries and a cyclical drop in income-based tax.
29 Russian cities have joined emission quotas trial
Russia is looking to address air quality problems and the overall environmental situation in its cities as part of a federal programme, but these efforts could be stunted by international sanctions.
Croatian company to overhaul hydropower plant in DRC
Energy remains top topic at East Mediterranean summit
Leaders of Israel, Greece and Cyprus met in Nicosia on 4 September to discuss energy development in the East Mediterranean again, and the prospects for exporting their natural gas resources to neighbouring countries and especially Europe.
Saudi reportedly considering massive new Aramco share sale
Saudi Arabia is reported to be considering selling up to $50bn worth of shares in majority state-owned oil giant Aramco in a move that could mark the largest share sale in history.
ASX-listed TMK Energy says performance of pilot wells at Mongolia coal seam gas project in line with expectations
Petrobras delegation to visit Bolivia as it considers new investments
Executives from Brazil’s Petrobras are due to visit Bolivia for meetings with government officials in the coming days. The company has exploratory commitments to be fulfilled if environmental licences are granted.
Oman to launch IPO of OQ Gas Network
Oman is set to launch an initial public offering for a minority shareholding in state gas transmission operator OQ Gas Network (OQGN).
Zenith’s deal for OMV’s Yemen assets collapses
A controversial deal concerning oil E&P assets in Yemen was abandoned this week after required conditions were not met.
Thor Explorations may exit Burkina Faso due to ‘political instability’, focus on Nigerian lithium prospects
Peru LNG sees export volumes drop in August due to maintenance
Peru LNG, the operator of a gas liquefaction plant and export terminal in Pampa Melchorita, saw export volumes drop slightly more than 36% m/m in August 2023.
ASX-listed Leo Lithium shares tank after Mali suspends ore exports
Venezuela welcomes first naphtha shipment from Eni and Repsol amid domestic shortages
Repsol seeks Kanuku Block licence renewal, VP of Guyana confirms
The vice president of Guyana, Dr. Bharrat Jagdeo, has confirmed that Spanish oil company Repsol's licence for the Kanuku Block has expired, adding that the company is seeking a renewal.
South Korea pledges to invest $1.7bn in lithium carbonate in Argentina
South Korean steel maker Posco has agreed to invest $1.7bn in lithium carbonate production in Argentina. By the end of 2023 and the beginning of 2024, the project should produce enough annually to power the batteries of 600,000 electric vehicles.
SDX Energy to sell Egypt assets, focus on Moroccan gas expansion
The price of the deal and the buyer were undisclosed, but reporters believe it has a strong presence in Egypt. The move aims to optimise SDX’s asset portfolio and enable the company to focus on expansion in Morocco's energy transition sector.
Malaysia continues to push for green hydrogen to combat climate change
Energy companies in Southeast Asian countries such as Malaysia are intensifying their efforts to achieve net-zero carbon emissions by investing in technology and clean energy assets, including hydrogen.
Iran's Mahtab Parsian Petrochemicals Co. agrees Chinese funding
Iran's petrochemical sector eyes $150bn investment, signs MoU with Chinese consortium
Romania’s Transgaz to operate Moldova’s natural gas transport system
Russian Lukoil’s oil terminal comes under Bulgarian control
Rosneft, Transneft quash beef over 2019 Druzhba dirty oil crisis
Russia’s largest oil company Rosneft and the country’s oil pipeline monopoly Transneft have settled a long-standing dispute over compensation for the 2019 contamination of oil in the Druzhba pipeline system.
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