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Iraq’s North Refinery announces plan for rehabilitation
Iraq’s 150,000 barrel per day North Refinery announced plans on Monday, 17 June to add a gas flare recovery and treatment unit to the facility, while also revealing plans to tackle obstacles on the way to facilitating the plant’s rehabilitation.
Ukraine has amassed 10.5bn cubic metres of gas for heating season, but more is needed
Ukraine has amassed 1.5bn cubic metres of gas in its storage facilities since March 2023, bringing the total to 10.5 bcm, which is still a long way off from the 14 bcm needed for the 2023/24 heating season, Economic Pravda reported on July 19.
Enel to sell 50% of Australian green business to Japanese oil company INPEX
Enel Green Power (EGP) of Italy will sell 50% of Enel Green Power Australia (EGPA) and Enel Green Power Australia Trust to INPEX Corporation of Japan.
Pemex establishes new main data centre in bid to improve cybersecurity posture
Mexico’s national oil company Pemex has established a new main data centre in Mexico City, in a bid to improve its cybersecurity stance in the face of mounting cyber threats.
PdVSA’s suspension of Maroil contract disrupting Venezuelan petcoke trade
The suspension of the contract between Venezuela’s national oil company PdVSA and Geneva-based Maroil Trading has led to significant disruptions in the petroleum coke trade.
Iran’s newly inaugurated Chamshir Dam boasts 50-square kilometre reservoir and hydro plant
Eskom former COO’s sudden departure could jeopardise time-critical projects at power utility
Former Eskom chief operating officer Jan Oberholzer has parted ways with South Africa’s embattled state-owned power utility. Oberholzer officially retired in April this year, but was retained on a two-year contract to oversee four projects.
Chevron choosing to buy rather than build LNG processing facilities
Chevron head of global gas Freeman Shaheen says the company is fine with buying US LNG on long-term contracts versus building its own domestic export terminal, Reuters reported on July 15.
Zarubezhneft eyes divestment off Indonesia
Russian state oil firm Zarubezhneft intends to divest its interest in the Indonesian Tuna gas project after its UK partner Harbour Energy said Western sanctions were complicating their joint activities.
Finland's Gasum resumes Russian LNG purchases
Novatek CEO Leonid Mikhelson said in June that Gasum had not bought any LNG from the Kryogas-Vysotsk plant, situated in north-west Russia, since April.
Russia to slash oil exports in August
Russian oil exports are slated to drop by 100,000-200,000 barrels per day in August versus the level this month, sources told Reuters last week, signalling that Moscow intends to follow through on its OPEC+ commitment to make further supply cuts.
Japan vows to create LNG reserve system
Japan will develop an LNG reserve system in 2023 in order to secure gas resources in the case of “unexpected situations”, Industry Minister Yasutoshi Nishimura said during the LNG Producer-Consumer Conference in Tokyo.
CNH appears increasingly reluctant to fine Pemex for environmental, procedural violations
Mexico's CNH has waived at least three fines that it had previously decided to impose on the national oil company Pemex.
PetroVietnam and AES receive approval for Son My Terminal
US energy company AES and state-owned oil and gas firm PetroVietnam have been granted approval from Binh Thuan Province in the country’s southern region to proceed with construction of the Son My LNG Terminal.
Lukoil, KMG well in Kazakh Caspian Sea turns up dry, project disbanded
Russia’s Lukoil and Kazakhstan’s Kazmunaygas (KMG) have disbanded a joint venture to explore the Zhenis block in the Kazakh Caspian Sea, in a further disappointment for Astana’s efforts to spur offshore hydrocarbon development.
Norwegian renewable energy firm Scatec sells 40-MW solar project in Mozambique for $8.5mn
A Norwegian renewable energy company, Scatec ASA (Scatec), has agreed to sell its 52.5% equity share in a 40-MW solar power plant in Mozambique to London-based Globeleq for $8.5mn.
Four consortia bid on Israel’s fourth offshore licensing round
Israel's Ministry of Energy and Infrastructure said last week that four bidding groups had submitted six proposals for exploration in the country’s offshore territory.
Indian Oil signs long-term LNG import deals with ADNOC and TotalEnergies
India’s largest refiner Indian Oil Corp reached agreement on two long-term LNG import deals last week during Prime Minister Narendra Modi’s visits to France and the United Arab Emirates (UAE), Reuters reported on July 17.
Energix, First Solar enter into framework agreement
Energix Renewables has agreed to buy 5 GW DC of ultra-low carbon thin-film solar modules from First Solar.
Kazakhstan transits four times more Russian oil to Uzbekistan
Uzbekistan has started significantly increasing imports of Russian oil through Kazakh pipelines after a long three-year hiatus, Kazakh oil pipeline operator KazTransOil (KTO) has said.
Nigerian Petrol prices high after subsidy removal
The price of fuel had been updated around the country from NGN557 ($0.72) per litre around fuel stations operated by the Nigerian National Petroleum Co. Ltd. (NNPCL).
Libya’s main oilfields resume production as tribal protests end
Two major Libyan oil fields resumed production on Monday, July 17, after a shutdown triggered by demonstrators from the Al-Zawi tribe who protested against the abduction of former finance minister Faraj Bumatari.
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