TotalEnergies and its partners are close to restarting construction and engineering work on the huge $20-billion LNG export facility in Mozambique after the companies lifted the four-year-long force majeure on the project. The French supermajor and its joint venture partners lifted the force majeure in a notice sent to the …
Read More »U.S. Steps up Pressure on Hungary to Cut off Russian Oil
The U.S. is increasing pressure on Hungary to cut off its reliance on Russian oil imports and vows to work with Hungarian authorities and neighboring countries to help Budapest wean off Russian supply, a senior U.S. diplomat says. Matthew Whitaker, the U.S. Ambassador to NATO, rejected in a Fox News …
Read More »Iraq Negotiates Higher OPEC Oil Production Quota
Iraq is in discussions with OPEC to review its oil production quota as output capacity rises, Hayan Abdul Ghani, the Oil Minister of OPEC’s second largest producer, said on Monday. Iraq is in talks with OPEC to reassess its production quota within the country’s available production capacity of 5.5 million …
Read More »War and Climate Change are Redrawing Global Trade Routes
With climate change reshaping some of the world’s most trafficked shipping routes, we may need to establish alternative transport links and shipping hubs to prepare for the future of global trade. Other challenges are also affecting certain shipping routes, showing the need to develop alternatives. The maritime sector manages between …
Read More »Analysts: India can Switch from Russian Crude, but at a Cost
Indian oil refiners can shift away from Russian crude after US President Donald Trump imposed sanctions on Moscow’s two largest oil companies — but the move will come at a cost, analysts said Friday. Trump has claimed that Indian Prime Minister Narendra Modi has agreed to cut its Russian oil …
Read More »Can U.S. Hydropower Compete in a New Energy Era?
The United States has long used hydropower, which is now the country’s largest source of renewable energy, for electricity production. Hydropower contributed 27 percent of total U.S. utility-scale renewable electricity generation and 5.86 percent of total utility-scale electricity production in 2024. The U.S. first started developing its hydropower fleet in …
Read More »GECF: Qatar Ships more LNG Cargoes in 9M this Year Compared to Same Period 2024
Qatar shipped 25 more LNG cargoes in the first nine months of this year compared to 9M 2024, according to Gas Export Countries Forum (GECF). In its latest monthly report, GECF noted that the United States shipped 181 more cargoes during the period compared to 9M 2024. In September, some …
Read More »TotalEnergies Approves Restart of USD20bn Mozambique Gas Project
France’s TotalEnergies said Saturday the consortium it leads to build a USD 20-billion liquified natural gas project in Mozambique has decided to lift a suspension on the work imposed in 2021 because of jihadist violence. TotalEnergies said in a statement the “force majeure” halt to the Mozambique LNG project would …
Read More »China Rolls out Subsidy for Green Fuels Production
China announced a green hydrogen policy last week, which will see the country’s state budget offer subsidies for the production of green fuels. Interestingly, the initiative came in the week that IMO member states failed to adopt a Net-Zero Framework for the global shipping industry. China’s National Development and Reform …
Read More »Sonatrach Returns to Libya for Oil and Gas Exploration
Algerian state energy firm Sonatrach resumed oil and gas exploration drilling in Libya in mid-October, Libya’s National Oil Corporation (NOC) said on Thursday, as several international majors have restarted work in Libya’s oil and gas basins. Algeria’s Sonatrach is drilling an exploration well in the Ghadames basin close to the …
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