Minister: Hungarian gas company will supply Transdniestria
Peter Szijjarto, the Hungarian foreign minister, said that a Hungarian trading company would provide natural gas to Transdniestria in Moldova after a request by Russia's energy ministry. Transdniestria residents, a tiny sliver run by pro Russian separatists on the border of Moldova and Ukraine…
After Halliburton layoffs, the Argentine oil union has threatened to strike
The union of oil and gas workers in Argentina's oil rich Chubut province, which has hundreds of employees laid off by Halliburton and a local office closing, threatened to strike after Halliburton closed its local office and dismissed hundreds.
Novak: OPEC+ does not consider a delay in April's oil supply increase
RIA reported that Russian Deputy Premier Alexander Novak stated on Monday that OPEC+ producers do not plan to delay a series monthly increases in oil supplies scheduled to start in April. Bloomberg News reported Monday, citing delegates that OPEC+…
Officials in Malaysia have announced that they will take action against fraud in the export of used cooking oil.
Malaysia's deputy commodities minister said that it would crack down on fraud within the used cooking oil sector, while western governments investigated whether the shipments of biofuels from Asia contained virgin oil. According to Deputy Plantation and Commodities Ministry Chan Foong Hin…
Indonesia's new energy supply plan includes a focus on renewable sources of power.
A deputy minister stated on Tuesday that Indonesia aims to increase its share of renewable energies in the electricity supply plan within the next 10 years. This will be fueled by increased solar, geothermal and hydro power. This new plan is known as RUPTL locally.
Taiwan sends officials to the US to discuss possible Trump Tariffs
Kuo Jyh Huei, the Economy Minister, said that Taiwan sent officials to Washington, D.C., to discuss potential U.S. Tariffs by President Donald Trump. The government has also made preparations in case they are imposed. The possibility exists that Trump…
Thailand will import more U.S. Ethane in order to reduce its trade surplus
A Thai official announced on Tuesday that Thailand would increase its U.S. imports of ethane by at least one million tons, starting in the second quarter this year, to reduce the trade surplus it has with the United States. Pongsarun, deputy secretary-general of the prime minister…
Novak claims that OPEC+ discussed Trump's call to increase oil output
Alexander Novak, Deputy Prime Minister of Russia, said that the Joint Ministerial Monitoring Committee of the OPEC+ Group of Leading Oil Producers discussed U.S. president Donald Trump's request to increase oil production. Novak said in comments…
Orsted fires CEO and appoints a company insider to be the new boss
Orsted, a Danish renewable energy company, announced on Friday that its CEO Mads Nippon would step down. He will be replaced by Rasmus Errboe, a company insider. The move is intended to revive the company whose shares have plummeted 83% since their peak in 2021.
Report shows that global energy investment exceeded $2 trillion last year.
BloombergNEF reported on Thursday that global investment in the low-carbon energy transformation exceeded $2 trillion last year for the first. Many experts believe that the pace of development is too slow. Countries all over the world are developing…
Mongolia close to signing green energy agreements with Saudi Arabia
Mongolia's deputy premier said that the country expects to sign agreements worth several billions of dollars with Saudi Arabia in the coming months. It is also in discussions with the United Arab Emirates about similar investments. Mongolia, a country rich in copper and coking-coal deposits…
Ukraine looks for investment in Davos to recover from the recession as Trump calls for peace
While U.S. president Donald Trump called for an end to the three-year war and Ukraine's President discussed peacekeeping forces, Ukrainian officials courted private investors to help rebuild their country this week. Oleksiy Sbolev is the first deputy minister of economy.
Biden prevents clawback of 84% of IRA Clean Energy Grants
A White House official confirmed on Friday that the administration of U.S. president Joe Biden has protected around 84% or $96.7 billion worth of clean energy grants made by its signature climate legislation from being clawed back by any future administration.
Biden administration protects more Alaska refuge from drilling
The administration of President Joe Biden moved on Thursday to restrict oil and gas drilling in more areas of Alaska's Arctic National Wildlife Refuge. This was a last minute move to frustrate President-elect Donald Trump’s plans to increase drilling in this area.
Congo seeks Saudi mining investors to curb China's dominance
Marcellin Paluku is a senior government official who told the media that the Democratic Republic of Congo (DRC), which is currently the world's largest cobalt producer, has been courting Saudi Arabian mining investors to diversify its economy and reduce its over-reliance on Chinese companies.
Slovak deputy speaker of parliament arrives in Moscow. TASS reports
The Russian state news agency TASS reported that Andrej Danko, the Deputy Speaker of the Slovak Parliament, arrived in Moscow Sunday. Bratislava is seeking a solution after Ukraine decided to stop Russian gas deliveries to Europe. TASS, as well as the Slovak media agency TASR…
US issue partial guidance on clean-fuel subsidies, which chastises ethanol producers
The U.S. Government released on Friday short-term guidelines on how companies could secure clean fuel tax credit under the Inflation Reduction Act. However, it did not finalize the key details of the program. The biofuels industry is eager to get…
Biden Team wraps up expanded Clean Energy Credit Guidance
The Biden Administration released Tuesday guidance to assist companies in securing clean energy tax credits as part of the 2022 Inflation reduction Act. This program finalized a program that extends subsidies previously available for solar and wind to other low-carbon sources.
Indonesian companies have one-and-a half months to introduce the new B40 biodiesel blend
Yuliot Tajung, deputy minister of energy and mineral resources in Indonesia, told reporters Friday that Indonesian companies would have a transition period of one and a half months to meet the B40 biodiesel requirements. The industry is still waiting on technical regulations.
Austria Energy Regulator expects smooth transition when Ukraine gas deal ends
Austrian energy regulator E-Control says that it should not experience any disruption in supply as it is preparing to switch from eastern natural gas supplies to western alternatives following the expiration of Ukraine's Gazprom contract on Tuesday.
