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Hess CEO: New exploration well to be spudded at Block 42 offshore Suriname later this year

21 March 2023

Hess Corp. has said that a new exploration well will be spudded at Block 42 offshore Suriname later this year.

Brazil’s National Council for Energy Policy will draft bill to stimulate gas sector

21 March 2023

The Brazilian government’s National Council for Energy Policy (CNPE) intends to draw up a bill for the purpose of raising domestic gas production.

EU leaders to urge companies to take part in joint gas purchases this week

21 March 2023

Europe’s energy security, hard hit by Russia’s significant reductions in pipeline gas supply to the continent over the last year, has improved, but EU leaders stress the need for preparations to be made for next winter.

Peru LNG exports five cargoes in February

21 March 2023

Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, saw total LNG export volumes rise slightly month on month in February 2023.

Maha kicks off Block 70 production tests in Oman

21 March 2023

Swedish explorer Maha Energy this week announced the start of production testing at Block 70 onshore Oman as part of an eight-well drilling campaign. The company said it had begun with the Mafraq-9 well, with new wells to be added to the test system.

BW Energy resumes process of acquiring Petrobras’ stakes in Camarupim, Golfinho clusters

21 March 2023

Norway's BW Energy is resuming the process of acquiring Petrobras’ stakes in the Golfinho and Camarupim deepwater oilfields and is also buying the FPSO used to develop the sites from Italy’s Saipem.

Netherlands selects site for world’s largest offshore hydrogen project

21 March 2023

The Dutch government has chosen an area for the world's largest offshore hydrogen project. The facility would be is located in Ten noorden van de Waddeneilanden.

Gazprom unveils another LNG project in Tatarstan, expanding domestic gas demand to offset export losses

21 March 2023

Gazprom LNG technologies is constructing another small-scale LNG factory for RUB28bn in Tatarstan, where the capacity of gas filling stations is used only by 20%, but probably “it is early to talk about economic effect”.

Eni strikes oil at Yatzil field in Block 7

21 March 2023

Eni (Italy) has found oil at Yatzil, a prospect within Block 7, a licence area in the Cuenca Salina section of the Sureste basin offshore Mexico’s Tabasco State.

Kuwait declares state of emergency following oil spill

21 March 2023

Kuwait Oil Co. declared a state of emergency on March 20 after an oil spill occurred in a location in the west of the country. However, no poisonous gas leakage was detected at the site of the incident.

ExxonMobil considers resuming and expanding Mozambique’s Rovuma LNG project

21 March 2023

ExxonMobil Corp. is contemplating restarting the Rovuma LNG project in Mozambique’s restive Cabo Delgado Province in the country’s north. The company has called for expressions of interest to design and construct the LNG plant.

Tatneft net profits surge 70% in 2022 on increased petroleum product revenues

21 March 2023

Net IFRS profits at Russian mid-sized oil firm Tatneft soared by nearly 70% in 2022 to RUB285bn ($3.7bn), with the company gaining from increased petroleum product sales and higher prices.

Rosneft posts $11bn profit for 2022 as dividends pour into state

21 March 2023

Russia’s largest crude oil producer state-controlled Rosneft posted RUB813bn ($10.6bn) net IFRS profit for 2022. For 4Q22 alone, the company posted RUB222bn profit ($3.5bn), up by 67% y/y, with RUB1.8 trillion revenues and $8.5bn EBITDA.

Power generation at Libyan plants highest in country’s history

21 March 2023

The generation capacity of power plants in Libya reached 8,200 MW, registering the highest figure in the North African country’s history as the General Electricity Company of Libya (GECOL) has upgraded and carried out a large number of reforms,

Indonesia agrees deal with US to develop nuclear power

21 March 2023

Jakarta this week confirmed an agreement at the US Embassy in the Indonesian capital, putting in place a deal whereby US know-how would help to deploy a number of small modular reactors (SMR) around the Southeast Asian nation.

Lukoil says it may take FID on Pecan field in Q4 2023

21 March 2023

Lukoil, Russia’s largest privately owned oil company, may decide whether to move forward with work at the Pecan oilfield offshore Ghana in Q4 2023.

China’s continued mixed signals on coal production

20 March 2023

Despite the April 2021 assurances, and further promises made to the international community a year earlier that China would be carbon neutral by 2060, indications now point to these promises being largely hollow.

Malaysia powered by 25% renewable energy

20 March 2023

Malaysia’s Natural Resources, Environment and Climate Change Minister has declared his nation is on track to meet its 2025 renewables targets, with the national grid already sourcing 25% of all electricity supplies from green energy.