Indonesia is considering regulating crude palm oils exports to meet the B50 demand
Indonesian government could regulate crude palm oil exports to ensure that there is sufficient supply domestically to produce biodiesel. This was announced by the country's energy minister on Tuesday. Since more than 10 years, the world's largest producer of palm oils has been implementing a biofuel program that blends palm oil-based fuels with diesel to reduce dependence on fuel imports. The current mandate is to blend 40% palm oil and diesel, also known as B40. The plan by Jakarta to increase this to B50 during the second half 2026…
Saudi Aramco CEO: Saudi Aramco's maximum oil production capacity can be sustained for an entire year at 12 million barrels per day.
Saudi Aramco's Chief Executive Amin Nasser said that the company can maintain crude oil production of 12 million barrels a day (bpd), for an entire year, without incurring any additional costs. Saudi Arabia has a large share of the world’s spare oil supply – idle oil that can be quickly brought to market. Nasser, speaking at the Energy Intelligence Forum held in London, projected that global oil demand will rise by between 1.1 and 1.3 million barrels per day (bpd) this year, as well as by 1.2 to 1.4 millions bpd by 2026.
Equinor abandons offshore electrification due to rising costs
Equinor, citing rising costs, informed the Norwegian government that it had scrapped its plans to reduce greenhouse gas emissions through the connection of several offshore platforms with the onshore grid. Norway's oil and gas industry is the largest contributor to climate change emissions. It accounts for about one quarter of all emissions. Gas turbines that power offshore installations account for 80% of all industry emissions. The key strategy for decarbonisation has been to replace them with renewable energy from the shore.
Eni wants to build a biorefinery and recycling plant in Sicily
Eni, an Italian energy company, announced on Thursday that it has begun the environmental approval process for the transformation of its industrial site at Priolo in Sicily into a biorefinery, and a chemical recycler plant for plastics. The Italian energy ministry has recently approved the application for the project. It will be built on the site of Eni's decommissioned ethylene plant. Eni is implementing this move as part of its plan to revamp its chemical business. This includes reducing the exposure to petrochemicals…
First political hurdle cleared for EU's plan on phase-out of Russian energy
EU diplomats reported that the ambassadors of European Union countries agreed on Wednesday to push ahead with the plan to stop Russian oil and natural gas imports by the year 2028. This agreement cleared the first political hurdle for the law before it is voted on later this month. The EU is currently negotiating proposals that would phase out Russian gas and oil by January 2028. This is an attempt to deny the Kremlin any revenue to fund their war in Ukraine. Three diplomats said that in a closed door meeting held on Wednesday…
Minister says Indonesia is on track to reach B50 biodiesel by 2026, reducing gasoil imports.
Indonesia will make B50 biodiesel, which is 50% palm oil based biofuel (B50), mandatory by 2026 to reduce gasoil imports. This was announced by the country's energy minister. Indonesia, the world's largest palm oil producer, has set a biofuel content requirement of 40%. It is now working to increase palm oil to the blend in order to reduce its dependence on fossil fuel imports. In a late-night statement on Tuesday, Minister Bahlil lahadalia stated that the government was planning to "push for B50" by 2026 in an effort to stop gasoil exports. Before shifting to B50.
Indonesia makes another step toward B50 biodiesel
An official from the Energy Ministry said that Indonesia has completed laboratory tests to prepare for launching B50, a biodiesel with 50% palm oil based biofuel. The country is aiming to implement this biofuel next year. Biodiesel based on palm oil is currently required to be blended at 40% (B40), but Indonesia wants to raise the blend to reduce its dependence on fossil fuel imports. In August, the laboratory tests concluded. They involved running an engine with B50 fuel. Edi Wibowo from the Energy Ministry's Bioenergy Director said that officials will now conduct road tests.
Source: India could cancel 3-4 GW solar tenders to avoid import restrictions.
An industry source said on Friday that at least 3-4 gigawatts in Indian solar projects could be cancelled because the government has directed clean energy agencies reissue bids to bypass import restrictions which will take effect next year. In a circular issued on Friday, the country's renewable-energy ministry asked agencies to cancel and reissue some solar tenders. However, it did not identify the agencies involved or reveal the amount of power that was expected to be produced by these projects.
Overnight air strike by Russia on Ukraine's energy infrastructure
Ukraine's Energy Ministry said that Russia launched an overnight drone and missile attack on several Ukrainian areas, with a primary focus on energy infrastructure. The attack involved 381 drones, 35 missiles and facilities in eastern Kharkiv and central Ukraine's Poltava Region where the main gas production facilities of the country are located. The authorities did not provide any further details on the attack or damage, but the top private energy company DTEK announced that it had suspended its operations at several gas stations in the Poltava area.
Sources say that the daily oil production of Kazakhstan's Karachaganak fell by 24 percent in September m/m.
Two industry sources and calculations show that the production of oil in Kazakhstan's Karachaganak gas field dropped to 200,000 barrels a day (bpd), from 264 300 bpd, in August. This coincided with maintenance at Russia’s Orenburg Gas Processing Plant (GPP). According to sources, the production of oil and condensate from Karachaganak, a light oil type, fell by 24% between September 8 and 30 as Gazprom, Russia, carried out scheduled maintenance at its Orenburg processing facility. The plant processes the raw gas from Karachaganak - one of Kazakhstan's biggest fields.
Energy Minister: Russia will increase LNG exports from Arctic and Sakhalin to China
The Russian Energy Minister Sergei Tsivilev said that the Russian Energy Ministry plans to increase LNG imports from China through the Arctic LNG 2 project and Sakhalin 2 project, and "serious progress" has been made, according to Expert magazine. Arctic LNG 2, which is 60 percent owned by Russia's Novatek has been shipping LNG since last summer. Cargoes are being delivered to the Beihai LNG Terminal and two storage facilities in Russia. Tsivilev, quoted by Expert as saying that Russia "plans" to increase its supplies to China of both pipeline gas and liquefied gas (LNG)…
Anti-trust agency: Indonesia's unsubventioned fuel policy may harm consumers and create unfair practices
The Indonesian anti-trust agency said that its import restrictions on fuels sold by private companies without subsidies have reduced consumer options and could lead to an unfair competition environment. Shell and BP AKR, which operates BP's petrol stations, have reported that they are experiencing inventory shortages of some gasoline products. This has been happening since late August. Shell has made a number of other products. Gas stations are located all over the country. Private…
Trinidad and Tobago wins four deepwater oil and natural gas blocks
The auction of deepwater exploration and production blocks for oil and gas in Trinidad and Tobago failed to attract much interest from foreign investors. Only four out of 26 areas were offered. Trinidad's Ministry of Energy announced that the bidding round ended on Wednesday. The Chinese company CNOOC bid for three blocks and a group of smaller energy companies for another. Ernesto Kesar, Trinidad's junior energy minister, stated that with several auctions taking place in Latin America and a limited pool of deepwater energy companies…
Two bids are received for Norway's floating wind tender
Two consortiums submitted bids for the first Norwegian tender to build commercial offshore floating wind farms, according to the Energy Ministry. In May, Norway launched a process to invite bids from firms or groups to secure rights to develop commercial project of up to 500 Megawatts (MW), at the Utsira Nord Site off the south-west coast of the country. Terje Aasland, Energy Minister Terje's statement said that offshore wind was one of the Government's priorities to ensure sufficient power in the future.
Italy to Help Sardinia Phase Out Coal with New LNG Plants
Italy plans to send two new units for the regasification of liquefied natural gas (LNG) to Sardinia to help the island phase out coal, a government decree seen by Reuters showed.Sardinia currently relies on two coal-fired power plants for its electricity needs and is slowly developing renewable energy capacity.The government has mandated Italy's gas grid operator Snam to set up a new floating storage and regasification unit (FSRU) in the port of Oristano, on the centre-west coast of Sardinia, the decree seen by Reuters said.The document approved by the government on Friday also mentioned the p
Prices for EUROPE GAS rise due to higher demand and lower LNG exports
Dutch and British wholesale gas rates rose slightly Monday morning due to higher demand and lower LNG terminal send-out. LSEG data shows that the benchmark Dutch front-month contract for the TTF hub increased by 0.27 euros, to 32.35 Euro per megawatt hour at 0827 GMT. The contract for November was up by 0.28 euros at 33.18 euro/MWh. The British contract for delivery in October rose by 1,01 pence, to 79.51 cents per therm. The demand for gas in North-West Europe is expected to increase slightly as a result of lower temperatures and a weaker wind.
Official: Syria exports its first crude oil shipment for 14 years
A Syrian energy official said that Syria exported 600,000. barrels of heavy oil from Tartus on Monday as part of an agreement with a trading company. This was the first official export of Syrian crude oil in over 14 years. In 2010, Syria exported 380,000 barrels per day of crude oil. This was a year prior to the protests against Bashar Al-Assad, which spiraled into a 14-year conflict that destroyed the economy and infrastructure. Assad was overthrown in December of last year, and the islamist-led government which replaced him has pledged to revitalize Syria's economic situation.
Sudan closes Heglig Oil Facilities after Drone Attack
According to a letter from the Sudanese government to their South Sudanese neighbor, the Sudan shut down the Heglig Oil Facility following drone attacks that it blamed the paramilitary Rapid Support Forces. Heglig is located along the southern border of Sudan and houses the primary processing facility for South Sudanese crude oil. This accounts for most of the government revenue in South Sudan. The outbreak of war in 2023 between the Sudanese Army and the RSF disrupted the flow from South Sudanese crude oil to Sudan.
Russian Oil Supplies to Hungary and Slovakia Halted After Ukraine Attack
Russian oil supplies to Hungary and Slovakia could be suspended for at least five days after a Ukrainian strike on a facility in Russia, Hungarian and Slovakian officials said on Friday, in a widening of the fallout of Russia's war in Ukraine.Russia and Ukraine have stepped up attacks on each other's energy infrastructure, hitting Ukrainian domestic heating supplies, Russia's Druzhba pipeline and other facilities, over the past few weeks as U.S. President Donald Trump has pushed…
Norway provides $100 million for the purchase of natural gas by Ukraine
The Norwegian government announced on Friday that it would donate 1 billion crowns (98.29 millions dollars) to Ukraine in order to purchase natural gas before winter. After Russian missiles damaged the production facilities to the east of Ukraine, Ukraine was forced to increase its gas imports. Analysts claim that Ukrainian gas reserves have dropped to their lowest level in 12 years. Storage facilities are currently less than one-third full. Svitlana Hynchuk, Ukrainian Energy Minister said that the timely and systematic support provided by Norway is essential for Ukraine's energy safety.