Turkey declares Greece-Chevron activities off Crete illegal
The Turkish government said that it was opposed to Greece's unilateral?activities? in the energy fields south-west of Crete, with a consortium headed by?U.S. Chevron, a major oil company, as a violation of international law and good neighbourly relations. Athens responded that its policies adhere to international law. Chevron and its consortium signed exclusive lease agreements Monday to search for natural gas offshore southern Greece. This expands U.S.
Turkey declares Greece-Chevron activities off Crete illegal
Turkey has said that it opposes Greece's unilateral activities in hydrocarbon fields south of Crete, with a consortium led by U.S. oil giant Chevron. This is a violation of international law and good neighbourly relations. Chevron, a consortium led by Chevron, signed exclusive lease agreements to search for natural gas in southern Greece on Monday. This will expand the United States presence in the eastern Mediterranean.
Exxon is committed to moving quickly on Guyana gas project, but it needs demand sources for the gas, says executive
Exxon Mobil's chief upstream said that the company is 'committed' to moving quickly to develop natural gas resources in Guyana, but the government of the South American country must advance industrial projects if it wants to ensure a long-term demand for the gas. Exxon Mobil, the company that leads the oil consortium operating Guyana's Stabroek Block has been pressed by the 'Guyanese' government to develop and build natural gas projects…
Venezuela tensions are set to ease, resulting in a rise in the oil production potential of Guyana
Geopolitical experts and oil specialists?said that the tiny oil-producing country of Guyana has an opportunity to expand its economy amid the ongoing U.S. activities in Venezuela. This is ahead of the Guyana Energy Conference. The 'growth potential' of Guyana was the focus at the four-day conference that began on Tuesday, in Georgetown. Executives and government officials met to discuss the efforts to train the local oil workforce…
Venezuela tensions are set to ease, resulting in a rise in the oil production potential of Guyana
Experts in geopolitics and oil said that the tiny oil-producing country of Guyana, which is already one of the fastest-growing economies in the world, has a window for expansion due to the ongoing U.S. activities in Venezuela. The growth potential of the oil and gas industry will be at the forefront of a four-day conference beginning Tuesday in Georgetown. Government officials and executives will discuss how to increase investment…
Gazprom Neft and MOL reach provisional agreement on the sale of NIS shares by Russia
Serbian Energy Minister Dubravka Djedovic Handanovic announced on Monday that Russia's Gazprom has reached an?agreement? to sell its majority share in Serbian refiner NIS, to Hungary's MOL. She told Video Plus that the Office of Foreign Assets Control of the U.S. Treasury Department, which imposed sanctions on NIS due to its Russian ownership, would need to approve the deal. NIS?supplies approximately 80% of Serbian fuels, including wholesale gasoline and diesel.
Floods in Mozambique force thousands of people to flee, President cancels Davos trip
Witnesses and officials reported that severe floods in Mozambique caused by heavy rainfall forced thousands to leave their homes. Some were left stranded atop roofs while surging waters swamped settlements. Daniel Chapo, the president of Venezuela, cancelled his trip to Davos to attend a World Economic Forum and stated on social media that the "absolute priority" at this time is to save lifes.
Mozambique president cancels Davos trip due to severe floods
Mozambique President Daniel Chapo cancelled his trip to Davos for the World Economic Forum this week because of severe flooding that has?damaged the infrastructure and affected hundreds of thousands in the Southern African nation. Chapo said in a Facebook post late Sunday night that Mozambique is "going through a difficult?time" and the priority right now is to save lives. In a report published on Sunday…
Veteran Ugandan leader eyes new term amid succession talk
After a violent campaign and questions over his successor, it is expected that Ugandan President Yoweri Museveni will extend his four-decade reign in an election held on Thursday. Museveni, a former rebel leader and former president who toppled his predecessor in 1986 is now 81 years old and faces seven opponents. He claims that another four years at the helm - his seventh term – would enable him to "protect" Uganda's relative stability and peace.
Woodside's new CEO must navigate LNG projects with high costs through glut risk
Woodside Energy is facing a leadership shake up after Meg O'Neill's unexpected departure for the top position at?BP. This comes at a time when the Australian company is trying to deliver on key projects in a?braced?for a glut of supply. Analysts say that the oil and gas company will continue to pursue its global growth strategy. This requires continued investment in new assets as well as continuity in mature fields.
UN: Mozambique has many displaced people as violence grows and aid is in short supply
The United Nations' humanitarian agency announced on Friday that more than 107,000 people had been forced to leave Mozambique over the last fortnight due to the violence that has increased in the northern part of the country. Some aid supplies have also run out. Insurgent attacks in northern Mozambique increased in this year. They have spread beyond the rich in gas Cabo Delgado province to include the provinces of Nampula, and Niassa.
Indonesia reverses its decision to retire Cirebon coal-powered plant early
Indonesia's chief economic minister stated on Friday that it was unlikely to proceed with its plan to retire Cirebon-1 early. However, the country is evaluating other coal-fired power plants to be shut down early. Cirebon was seen as a case study for early retirements of coal-fired plants in developing nations under the Just Energy Transition Partnership, a G7 funded initiative. Indonesian…
Indigenous leaders from the Amazon to the Andes bring their demands to the COP30
A boat with dozens of Indigenous leaders landed at Belem, Brazil, a day before the United Nations COP30 Climate Summit. They wanted to have a bigger say in the management of their territory, especially as climate change continues to escalate and more industries, such as mining, oil drilling, and logging, are pushing deeper into forests. Lucia Ixchiu said, "We are not just interested in securing money or funding," a K'iche Indigenous from Guatemala.
Brazilian prosecutors investigate the illegal use of native timber in corn ethanol manufacturing
Ana Luiza Peterlini, a prosecutor in Mato Grosso, Brazil, said that the state is investigating if corn ethanol plants burn wood from illegal deforestation for the production of biofuel. This would be against the decarbonization goals set by the sector. Mato Grosso, Brazil's largest soybean producer, accounts for 2/3 of the nation's corn-ethanol production. This has increased dramatically in recent years.
US sanctions Russian oil companies Rosneft, Lukoil
As his frustration with Russian President Vladimir Putin grows over the war, U.S. president Donald Trump imposed sanctions against Russia on Wednesday for the first times in his second term. He targeted oil companies Lukoil & Rosneft. The U.S. Treasury Department announced that it was ready to take additional action, as it called upon Moscow to immediately agree to a ceasefire during Russia's conflict in Ukraine which began in February 2020.
Poll shows that the majority of Brazilians are opposed to oil drilling near Amazon coast
According to a Datafolha poll commissioned by Eko (a corporate accountability group), a majority of Brazilians think President Luiz inacio Lula da Silveira should ban oil exploration near the Amazon rainforest coast, which is a sensitive eco-system and Brazil's most promising frontier for oil. The survey was conducted early in September as Brazil is preparing to host world leaders at this year's United Nations Climate Summit, COP30, in the Amazonian town of Belem.
US Imposes Sanctions on Oil Refineries and Purchases
The U.S. imposed sanctions on about 100 individuals, entities and vessels, including a Chinese independent refinery and terminal, that helped Iran's oil and petrochemicals trade, the administration of President Donald Trump said on Thursday.The Treasury Department sanctioned the Shandong Jincheng Petrochemical Group, which it said is an independent teapot refinery in Shandong Province…
UN advisor Sachs: Countries still committed to climate action, despite Trump
Jeffrey Sachs, U.N. Special Advisor on Sustainability and Columbia University Economist Jeffrey Sachs, said that the Trump Administration's attacks against climate science did not affect the commitments of other countries to lower their emissions. The multilateral approach to sustainability, which includes climate change, is currently facing a difficult time. Donald Trump, the U.S.
US to cancel 13 billion dollars in green energy funds
On Wednesday, the U.S. Department of Energy announced that it would cancel over $13 billion of funds pledged by the Biden Administration to subsidize solar, wind, batteries, and electric vehicles. The funds that were targeted weren't immediately apparent. The department didn't immediately respond to an inquiry for more information. The department stated that by returning the funds to American taxpayers…
Trump tells UN climate change is a "con job"
President Donald Trump referred to climate change during his Tuesday address to the United Nations General Assembly as "the biggest con job in the world". He also reiterated his skepticism towards global environmental initiatives and multinational institutions. Scientists claim climate change is real and largely caused by humans. It's also getting worse. As clear indicators, they point to increasing temperatures, stronger storms and melting ice.