Poland Restores Druzhba Oil Pipeline Flows after Leak The Druzhba oil pipeline from Russia to Europe has returned to full functionality after a leak was detected during the weekend that needed repairs, Poland’s pipeline operator PERN said on Tuesday. “PERN’s technical services restored full functionality of the damaged pipeline on Monday evening,” the pipeline operator…
Russia Anticipates $11 Billion Energy Revenue Boost Despite Embargos Russia is expecting extra oil and gas revenues to reach 1 trillion rubles, or $11 billion, in the last five months of the year despite sanctions, embargos, and price caps, two people with knowledge of the situation told Bloomberg. The Finance Ministry hopes to put the…
ConocoPhillips Agrees To Long-Term LNG Deal With Mexico ConocoPhillips has agreed to a long-term LNG deal from a $15 billion export terminal that is being built in Puerto Libertad, Sonora, Mexico, according to a press release. The free on-board basis deal with span 20 years, with Conoco committing to purchasing 2.2 million tons per year…
TotalEnergies & others to Invest in Zhero Europe’s Green Energy Expansion TotalEnergies, Baker Hughes, Technip Energies, Azimut (through the fund Azimut ELTIF – Infrastructure & Real Assets ESG) and other investors have signed preliminary agreement to invest in Zhero Europe in order to develop large scale renewable energies projects in Europe and Africa spanning across…
Energy Access will be Biggest Driver of Social, Economic Development in Africa – Seplat Energy CEO Access to affordable, reliable and sustainable energy is crucial if Africa is to achieve all 17 United Nations Sustainable Development Goals (SDGs), and energy access will be the biggest driver of social and economic development in Africa going forward,…
Africa’s Energy Demand Is Increasing Rapidly Due to Population Growth, Urbanisation, And Increased Economic Activity Engr. Gbenga Komolafe, Commission Chief Executive (CCE) of Nigerian Upstream Petroleum Regulatory Commission (NUPRC), spoke during his Goodwill Message and Regulators’ Remark that the 46th Nigeria Annual International Conference & Exhibition (NAICE), is a renowned international event which has over…
NEPZA, OGFZA, NCS, Stakeholders, to Remodel Free Trade Zones Schemes Operations In the bid to tighten all loose ends in the administration and management of the country’s Free Trade Zones, the two regulatory bodies, the Nigeria Export Processing Zones Authority NEPZA, the Oil and Gas Free Trade Zone Authority, OGFZA, as well as Nigeria Economic…
Subsidy Removal: hold Government Accountable, IPMAN Boss Urges Nigerians Independent Petroleum Marketers Association (IPMAN), has urged Nigerians to hold government accountable for the proceeds shared from subsidy removal and foreign exchange rate. Its National Operations Controller, Mr Mike Osatuyi, gave the advice on Sunday at a session tagged; “The aftermath of fuel subsidy removal”on TVC…
Kurdistan Partially Honors Oil Supply Commitment to Federal Iraqi Government The semi-autonomous region of Kurdistan is partially honoring the recent deal with the federal government of Iraq to supply crude from the region to Iraqi, an unnamed source told Argus on Wednesday. The Kurdistan Regional Government (KRG) supplies 50,000 barrels per day (bpd) of crude…
Sinopec Natural Gas Output Rises In H1, Petrochemicals Output Lags Chinese state-owned energy giant, Sinopec’s natural gas production in the first half of 2023 rose 7.6% from a year before to 666.1 billion cubic feet, according to a filing with the Shanghai Stock Exchange released recently. The company’s crude oil production over the same period…
