Nigeria is considering giving control of oil contracts to regulator
According to a draft of a legislative amendment, Nigeria may decide to have the state oil company take over the control of existing oil contracts in the country, instead. The regulator could become both an umpire as well as a participant…
What is the Abraham Accords?
The Abraham Accords which normalised diplomatic ties between Israel and certain Arab states are in the spotlight following Israel's airstrikes against Hamas that took place on 9 September, angering the U.S. ally who hosted ceasefire negotiations.
US EPA proposes to end mandatory greenhouse gas reporting
The U.S. Environmental Protection Agency (EPA) proposed a rule on Friday to end the mandatory reporting of greenhouse gas emissions by 8,000 facilities. This program, the EPA said, was burdensome for businesses but left the public in the dark about the environmental impact.
The IEA reports that Russia's oil export revenues fell in August.
The International Energy Agency reported on Thursday that Russia's revenues from crude oil and petroleum products fell in August, to the lowest level since the beginning of the conflict with Ukraine. The Russian energy industry is being challenged by drone attacks on oil refineries…
Santos, Australia's gas supplier, signs a deal with Orica to supply Narrabri to Orica
Santos, Australia's second largest gas producer, announced on Thursday that it had signed an agreement to discuss a possible domestic gas supply contract from its Narrabri Gas Project located in New South Wales. Santos will supply Orica with up to 15 petajoules per year and for ten years.
GASTECH-Japan’s Inpex considers UAE production increase, Norway expansion
Inpex, Japan's largest oil and gas exploration company, is looking at increasing production in its concessions onshore and off-shore in the United Arab Emirates as well as expanding their activities in Norway. This was announced by its chief executive and president on Tuesday.
PGE's quarterly net loss is impacted by asset write-downs
PGE, Poland's largest energy company, reported on Tuesday a net loss for the second quarter of $9.61 billion zlotys (2.65 billion dollars), in line with its estimates. Impairments on tangible assets had a negative impact on the company. Why is it important?
New Zealand's Transpower plans to upgrade the North-South Islands Power Link with $653 million.
Transpower announced on Tuesday that it has applied to the New Zealand Commerce Commission to approve its NZ$1.1bn (US$653,40m) plan to upgrade high voltage direct current (HVDC), the electricity link between New Zealand's North Island and South Islands.
Reactions to India's reduction of consumption tax on hundreds items
India announced on Wednesday that it would reduce taxes on hundreds of items, from soaps to cars, to boost domestic demand. It also simplified its complex goods and services tax structure, reducing the number of rate slabs to two from four.
Reactions to India's reduction of consumption tax on hundreds items
India announced on Wednesday that it would reduce taxes on hundreds of items, from soaps to small vehicles, to boost domestic demand. It also simplified its complex goods and services tax structure, reducing the number of rate slabs to two from four.
Shell cancels plans to build a biofuels plant in Rotterdam
Shell announced on Wednesday that it will not continue construction of the biofuels plant at its Shell Energy and Chemicals Park Rotterdam, after an extensive evaluation revealed that it was not competitive. Construction of the project…
Workers strike at Fluxys Dunkirk LNG terminal in Belgium
The Dunkirk terminal of Belgian gas terminal operator Fluxys began a 3-day strike on Monday night over wages. This was part of an action in the energy and gas sector that focused on wages and pensions. Dunkirk LNG is Europe's second…
Investors await growth data; consumer and energy sectors drag Australian share prices lower
The Australian share market ended Tuesday with a lower closing price, due to thin trading. This was mainly caused by the consumer and energy sector, where heavyweight constituents were traded ex-dividend. Local traders also remained on the sidelines…
Malaysia's Petronas announces a'strategic transform' after H1 profits fall
Petroliam Nasional Bhd, the Malaysian state-owned energy company (Petronas), announced on Friday it had undergone a "strategic transform" to address operational challenges following lower profits and revenue for the first six months of the year.
Exxon expects a surge in natural gas demand by 2050
Exxon Mobil's annual outlook said that global demand for natural gases will increase by more than 20 percent from its level last year in 2050, as the gas replaces coal in powering industries and meeting higher electricity needs in developing countries.
Vietnam will switch to fuel blended with ethanol to increase U.S. exports
Vietnam plans to switch to ethanol-blended fuel from next year. This will allow the Southeast Asian nation to import corn and ethanol from the United States. According to documents reviewed by the ministry, the Ministry of Industry and…
WTO panel supports Indonesia on multiple counts in biodiesel dispute with EU
An official copy of Friday's ruling revealed that a World Trade Organization panel had sided with Indonesia in several important claims made in its complaint against countervailing duty imposed by the European Union for biodiesel imported from the country.
WTO panel supports Indonesia on multiple counts in biodiesel dispute with EU
An official copy of Friday's ruling revealed that a World Trade Organization panel had backed Indonesia in several key claims made in its complaint about countervailing duty imposed by the European Union against biodiesel imported from the country.
Vedomosti reports that Murmansk LNG is facing delays of years.
Vedomosti reported Wednesday that the start of production for Murmansk LNG - a project to produce liquefied gas led by Novatek - has been delayed by several years. The newspaper cited updated government plans. The reported delay is another challenge for Russia.
GRAINS-Soybeans and corn drop on China demand concerns, US crop tour is awaited
Chicago soybean and corn contracts fell on Monday due to favorable weather conditions in the United States and low export demand, as tensions between China and the U.S. continued. The expectation of a large U.S. harvest has also led to a weakening in corn.