Russian LNG exporter Novatek has signed a cooperation agreement with Vietnam’s PetroVietnam on developing potential liquefied natural gas (LNG) and power projects in the southeast Asian country. The agreement was struck during Vietnamese president Nguyen Xuan Phuc’s visit to Moscow, where he held a meeting with Novatek chairman Leonid Mikhelson …
Read More »
Amazon announced its plans to scale up investment in renewable energy projects to power most of its business operations via renewable energy. At its AWS re:Invent 2021 event in Las Vegas, the company announced 18 new renewable energy projects, primarily wind and solar, across countries such as Finland, Germany, Italy, …
Read More »
China’s industry ministry on Friday unveiled a five-year plan aimed at the green development of its industrial sectors, vowing to lower carbon emissions and pollutants and to promote emerging industries so as to meet a carbon peak commitment by 2030. The world’s top greenhouse gas emitter is aiming to bring …
Read More »
OPEC+ ministers are likely to discuss pausing a planned oil output hike in January as one option during ministerial talks today, Dec. 2, Reuters reported, citing a source. The meeting will also discuss whether more oil will be released to the market as planned or supplies will be restricted after …
Read More »
Major oil producers are due to meet Thursday to decide on output levels from January onwards, which could be frozen as the new Covid variant Omicron sparks turmoil. The OPEC+ alliance led by Saudi Arabia and Russia has so far resisted US-led pressure to significantly boost output to rein in …
Read More »
The Ukrainian position is that since Nord Stream 2 is not compliant with EU rules, it should not be certified, the CEO of Ukraine’s gas and oil state company Naftogaz Yuriy Vitrenko told a conference in Brussels on Wednesday (1 December) organised by EURACTIV Bulgaria. The conference, titled “Nord Stream …
Read More »
The Organization of the Petroleum Exporting Countries (OPEC) will meet on Wednesday, ahead of a meeting of OPEC+ on Thursday, to discuss a response to the threat of a hit to fuel demand from the Omicron variant. Some analysts expect OPEC+ to pause plans to add 400,000 barrels per day …
Read More »
The tiny South American nation of Guyana has emerged as the hottest offshore drilling location on the continent over the last six years. The swathe of oil discoveries made by ExxonMobil and its partners, Hess and CNOOC, in the offshore Stabroek Block, since 2015, recently saw the energy supermajor upgrade …
Read More »
China Petroleum & Chemical (Sinopec) has broken ground on a CNY3bn ($470.77m) photovoltaic (PV) green hydrogen production project in Kuqa, Xinjiang, China. Dubbed as Sinopec Xinjiang Kuqa green hydrogen pilot project, the facility is expected to produce 20,000 tonnes per year of green hydrogen after its completion. Sinopec is targeting …
Read More »
Turkey intends to produce up to 40 million cubic meters of gas per day from fields in the Black Sea, President Recep Tayyip Erdogan said. “We hope to use the Black Sea gas from January 2023. It is planned that at the first stage 10 million cubic meters of gas …
Read More »
Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel