Qatar delivered 22 more cargoes in the first quarter of this year compared to the same period last year, the Gas Exporting Countries Forum (GECF) said in its April report. In March, the total number of global LNG export cargoes increased by 8% m-o-m to 551. The total number of …
Read More »ExxonMobil Withdraws from Colombia Block Deal
An ExxonMobil spokesperson has confirmed to Rigzone that the company has exercised its right to withdraw from its joint operating agreement with Patriot Energy for Block VMM37 in Colombia. “We notified the Agencia Nacional de Hidrocarbons of our intent to withdraw from the E&P contract for VMM37, and to discuss …
Read More »Kazakhstan Pushes up Oil Exports Bypassing Russia
The first quarter of 2023 saw Kazakhstan ramp up oil exports bypassing Russia as the Central Asian country seeks to reduce its dependency on Moscow, data from industry sources and Refinitiv cited by Reuters showed. While Kazakh oil exports through the Caspian Sea and the Caucasus are relatively small, they …
Read More »US Boosts Support for Developing Countries’ Climate Action with $1bn Pledge
The US is strengthening support for climate action in developing countries by providing $1 billion (£810m) to the Green Climate Fund (GCF). This brings the total US contributions to the GCF to $2 billion (£1.6bn) since 2015. The GCF has approved over $12 billion (£9.6bn) for projects across more than …
Read More »Britain to Join Forces with EU to Build Energy Islands in North Sea
The UK is reportedly set to join forces with several EU nations to boost renewable energy production in the North Sea, as part of its ongoing efforts to repair relations following Brexit. According to a draft seen by Bloomberg, alongside eight EU nations including Germany and France, the UK will …
Read More »Norwegian Crude becomes Mainstay for EU Refiners as they Ditch Urals
The continuous shift in oil trade flows following the EU embargo on Russian exports is a huge win for the crude from Western Europe’s largest oilfield offshore Norway. Norway’s Johan Sverdrup crude is now a top choice for European refineries that used to rely on Russia’s flagship grade, Urals, before …
Read More »Petrobras Partners with Shell to Build Test Lab in Brazil
Brazilian company Petrobras has partnered with Shell and Senai CIMATEC to develop a production development laboratory (LDP) for pre-salt research and development. Being built inside Senai CIMATEC Park in the Petrochemical Camaçari Cluster, the LDP will be equipped to allow testing of integrated systems in safe operating conditions similar to …
Read More »Gazprom: Europe will Find it very Difficult to Fill Storage for next Winter
Europe will find it very difficult to refill its natural gas stockpiles ahead of next winter, Russian gas giant Gazprom said on Tuesday. Filling the European gas storage to the levels from before the 2022/2023 winter could become “a non-trivial task” for European companies, Gazprom said on its Telegram social …
Read More »The World won’t Decarbonise Fast enough unless Renewables make Real Money
Amid the misery of war in Ukraine and the global energy crisis, there is a glimmer of good news. The green transition has speeded up. True, a spike in natural-gas prices fuelled greater demand for coal, the dirtiest of fossil fuels. But it also led consumers to use energy more …
Read More »Major Turkish Gas Discovery to Start Transmission this Week
Less than a month before general elections that will decide the fate of Turkish President Recep Tayyip Erdogan, the government has announced that a natural gas discovery in the Black Sea will start production and deliveries as soon as April 20, helping the country move towards energy independence. The discovery, …
Read More »
Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel