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Nigeria cuts off electricity to Niger following coup
Japanese minister to visit five southern African nations in search of 'critical' metals
India’s Petronet seeks LNG extension deal with Qatar at lower prices
India’s state-owned LNG company Petronet LNG will attempt to extend with Qatar its long-term gas import deal at lower prices than the Gulf country offered China and Bangladesh in recent deals, Reuters reported on July 31.
KPC reports decade-high profits
State-owned Kuwait Petroleum Corp. (KPC) reported a total net profit across the parent and its eight subsidiaries of more than KWD2.6bn ($8.48bn) for 2022. The figure is the highest KPC has reported for 10 years.
Russia-Africa summit lacks energy
Moscow sought to use the Russia-Africa summit in St Petersburg on July 27-28 to tout its strengthened ties with African countries in the face of Western sanctions and isolation, but the results were scant.
Gazprom outcompetes private firm in heated contest for Far Eastern exploration rights
Gazprom has beat private Russian firm YATEK in an auction for rights to the Suntarsky-1 and Gorny blocks in Yakutia, paying 11.6 times more for the rights than the contest’s opening price of RUB2.4bn ($26mn).
Yamal LNG output slumps in June
Natural gas production at the Yamal LNG project in June slumped by 35% year on year to nearly 2bn cubic metres, the Moscow-based Vedomosti newspaper reported on August 3, citing sources in the Russian energy ministry.
Russian gas pipe flow hits seven-month high in July
Russian pipeline gas flows to Europe surged to a seven-month high in July, largely driven by record deliveries through the European section of the TurkStream pipeline, according to data analysed by S&P Global Commodity Insights on August 2.
Petrobras CEO says Lula is not interfering with domestic petroleum product pricing
Jean Paul Prates, the CEO of Brazil’s national oil company Petrobras, has said that the country’s president is not interfering in fuel pricing decisions.
Brazil’s oil and gas production hits new record high in June 2023
Brazil’s hydrocarbon production marked another month-on-month rise in June 2023 and reached the record-high level of 4.324mn barrels of oil equivalent per day.
Dragon deal delayed as Venezuela digs in
Port of Spain is keen to push the Dragon gas development project forward, but little progress is likely in the short run because of Caracas’ insistence on favourable terms.
Canada’s Trillion farms in to Turkish blocks
Canadian firm Trillion Energy has signed a deal to farm into three exploration blocks in south-east Turkey with a local explorer.
US Supreme Court clears path for Mountain Valley completion
The US Supreme Court has lifted stays imposed by a lower court on the Mountain Valley Pipeline that had been preventing completion of a final section of the project.
South Africa's manufacturing sector in longest decline since 2019, energy crisis cited
Bulgarian court’s failure to act allows Maritsa East 2 coal plant to continue polluting
Russia’s budget back inside the 2% of GDP target after revenues surge in June
Russia’s budget went back into profit in May with a negligible gain, but in June revenues surged to a RUB815bn ($8.7bn) monthly surplus. That has shaved almost RUB1 trillion off the cumulative deficit and put it back inside the 2% of GDP target.
Nigeria eyes Russian energy tech, partnerships
Nigeria has expressed interest in acquiring Russian technologies in the oil and gas sector and attracting its companies to join oil and gas projects, Gabriel Aduda, the permanent secretary of Nigeria's oil ministry, said at the Russia-Africa summit.
Aramco awards rig contracts to Arabian Drilling
Saudia Arabia’s services firm Arabian Drilling has received contracts worth SAR3bn ($800mn) from majority state-owned Saudi Aramco covering the supply of 10 land rigs.
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