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Singapore-based GenZero partners with AJA Climate to invest $30mn in Ghana forest restoration project
Kakhovka dam crisis triggers urgent need for aid and increased electricity imports
Ukraine needs an additional $310mn in humanitarian aid and increased electricity imports from the EU to combat the unfurling crisis caused by the destruction of the Kakhovka dam, Ukraine Business News reported on June 8.
Petrobras may reconsider bidding for Guyanese assets
Brazilian NOC may reverse earlier decision in light of IBAMA’s disappointing decision on Equatorial Margin drilling and Georgetown’s determined efforts to court investment.
ONGC plans $12bn investment in renewables, will go net-zero by 2038
Oil and Natural Gas Corporation (ONGC) of India has announced that it will invest more than $12bn in renewable energy by 2030 with the intention of reaching its own net-zero target by 2038.
Venezuela’s oil production up, exports down in May
Venezuela has reported crude production up slightly in the month of May, even as its oil exports appear to have declined to a more significant extent.
CNOOC Ltd reports launch of Buzios5 project in Santos basin
CNOOC Ltd said on June 1 that the fifth phase of development was underway at the shared portion of the Búzios oilfield offshore Brazil.
Rystad comments on Vaca Muerta’s potential to see oil output reach 1mn bpd
The Norwegian energy consultancy Rystad Energy has stated that production levels at Argentina’s Vaca Muerta shale formation could reach 1mn barrels per day by 2030.
Challenger Energy begins farming out stake in Uruguayan block
Challenger Energy Group (UK) has initiated a farm-out process for its stake in AREA OFF-1, a shallow-water block located offshore Uruguay.
Jagdeo: Guyana working to convince Brazil to participate in offshore licensing round
Guyana’s government is working to convince Brazil to reverse its decision to decline the opportunity to participate in its neighbour’s ongoing offshore bidding round.
Sonangol and China National Chemical Engineering Co. sign Lobito refinery MoU.
The MoU – signed for the 200,000 bpd facility – occurred as part of obtaining and implementing funds for completion of the project. The Lobito refinery will provide up-to-date technology processing fuels such as Jet A1, diesel, gasoline and LPG.
Oil pares losses as White House denies report US and Iran near 'crude exports for nuclear pause’ deal
Sources describe several face to face meetings on American soil.
Libya’s NOC wins arbitration against Emirati firm
Libya’s National Oil Corp. (NOC) has won an arbitration against the UAE’s Trasta Energy, winning an appeal from a request filed in February 2022 to the Paris Court of Appeal.
NNPCL eases crude oil swap contracts
Nigeria’s NNPC Ltd has announced that it is moving away from crude swap contracts with traders as part of President Bola Tinubu’s plans to lessen the burden on government finances and deregulate the gasoline market.
Kenya seeks private investors to take over operations at five ports
Kenya’s authorities are searching for private investors to take over operations and management of five ports, with the aim of increasing the maritime sector’s competitiveness and generating $10bn for the country.
Fujairah state firm looks for EPC partners for downstream expansion
Modular refiner and storage operator Fujairah National Energy Co. (FUJNEC) has asked engineering, procurement and construction (EPC) firms to express interest to in participating in tenders for work in the emirate.
Fuel price protests claim five lives in Angola
Russia sends more oil to Asia than Europe in 2022 for the first time ever
Deputy PM Alexander Novak highlighted that in 2022 Russia sent more oil to Asia than to Europe for the first time ever. In addition Russia saw substantial increases in exports of oil, oil products, pipeline gas, LNG, and coal to various nations.
Taiwan’s Yang Ming turns to Hyundai for five LNG-fuelled vessels
Leading Taiwanese shipping company Yang Ming has ordered five 15,500 tonne twenty-foot equivalent unit (TEU) LNG powered container ships from Hyundai Heavy Industries (HHI) in South Korea.
India’s LNG imports rise in May for third consecutive month
Imports of LNG in India have risen in May for a third straight month, marking a sharp shift from years of weak demand for the super-chilled fuel. May’s total imports climbed to 2.7bn cubic metres.
Grande Isle LNG unveils plans for Louisiana export facility
Grande Isle LNG has revealed its plans to construct an LNG export facility in the US Gulf of Mexico. Under the proposed plans, the facility would be built 13 miles south of Grande Isle, Louisiana in Plaquemines Parish.
New Fortress Energy granted Mexico export permit for Altamira Fast LNG facility
US energy firm New Fortress Energy (NFE) was granted an export licence on June 2 by Mexico’s Ministry of Energy for the company’s Altamira Fast LNG facility, Offshore Energy reports.
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