Kazakhstan asks for a delay in maintenance of the giant Kashagan Oilfield.
Trading sources familiar with the matter claim that Kazakhstan's Energy Ministry has asked shareholders to delay next year's maintenance, which was scheduled to start at the site on October 1st. Two sources claim that the ministry requested a delay in a letter sent to the partners of the North Caspian Operating Company consortium (NCOC), which operates Kashagan. The letter cited the fear of natural gas shortages during the winter season as the main reason. They added that a decision is expected on September 10.
Energy Minister: Romania could connect 1373 MW of new power by 2024
Sebastian Burduja, Minister of Energy, said that Romania will be able to connect 1,373MW of new electricity to the national grid before year's end, with most of this coming from solar parks. The European Union state wants to reduce its carbon emissions in order to meet the emissions reduction targets of the bloc and to also ensure supply security, which is a growing concern since Russia invaded Ukraine. The country's electricity is generated using a mixture of gas, coal and renewable energy sources. It has also committed to phase out brown coal under the EU-funded recovery aid package.
Kyiv reports that Russia has hit energy facilities in six Ukrainian regions.
Ukrainian officials reported on Wednesday that Russian airstrikes have hit energy and critical infrastructure in nine Ukrainian provinces over the last 24 hours. The energy ministry announced on Telegram that there were attacks against energy facilities in western Lviv, Sumy, Kharkiv, Donetsk, Donetsk East, Dnipropetrovsk Central, Mykolaiv, in the South, and Donetsk. The Ministry did not give any additional information on the extent of damage caused to the grid by Russian airstrikes. The full-scale Russian invasion of February 2022.
Aker BP begins production at Tyrving Oilfield amid legal battle between the government and Aker BP over approval
Aker BP, a Norwegian oil company, has begun production at its Tyrving off-shore oilfield. The Norwegian government is trying to overturn the court's ruling that the project approval was invalid due to the failure to evaluate the climate impact. The Oslo District Court in January ruled that the Norwegian energy ministry failed to assess fully the climate impact of the production and use of oil and natural gas when it approved three offshore projects including Tyrving and that the permits were invalid.
After historic oil vote, little progress in Ecuador's Amazon
In the Amazon, on August 20, 2023, almost 60% of the population voted to keep crude oil in the ground. Environmentalists and Indigenous Communities hailed the referendum as a historic victory for protecting one of the most biodiverse areas of the planet and a rare instance of the shift away from fossil fuel based economies. The Amazon rainforest is vital in slowing climate change because it absorbs huge amounts of carbon dioxide. The state oil company, Petroecuador was asked to shut down operations and dismantle the Yasuni "43-ITT" oil block…
Best estimate of the new Swiss nuclear dawn is decades away
Energy experts and politicians warned that bringing new nuclear power plants online in Switzerland would take decades because of the many political and financial obstacles. This comes after the Swiss government announced its plans to lift an existing ban on new nuclear plants. The Federal Council reversed its decision from 2017 to abandon nuclear power in order to achieve climate goals, and to respond to geopolitical uncertainty, such as the Ukraine War, which has fueled fears of outages.
Cyprus deadline for offshore gas update by Chevron-led Group
One of the partners in a Chevron-led group that has licensing rights to a gasfield off Cyprus said Monday they will submit an updated development plan with a few days. Cyprus had given them a deadline of three months. Since Chevron tried to change a field development plan for 2019, there have been long-running discussions on the future of the Aphrodite Field, south-east from Cyprus. This plan was agreed upon between Cyprus and Noble, a licence-holder independent energy operator Chevron purchased in 2020.
First tender for investment in wind and solar plants seeks to attract Moldovan investors
Moldova has launched its first bid for wind and solar energy plants as part of its efforts to reduce its dependence on Russian power. "Opening the market to investors for renewable energy development is another important step in ensuring greater security of energy for Moldova," said Energy Minister Victor Parlicov. The development of renewables is a step towards achieving energy independence in Moldova. Moldova, which is one of Europe's most impoverished countries, was "in an incredibly vulnerable situation" when Russia invaded Ukraine in February 2022.
Brazil's fossil drive undermines Lula’s green ambitions
Brazil's government has invested heavily in fossil-fuels and plans to make the country the fourth largest oil producer by 2030. This month, President Luis Inacio Lula da Silva signed a law regulating the green hydrogen industry in the country. He will be hosting the United Nations COP30 Climate Summit next year. Which country can compete against us in energy transition? He asked this question at the signing ceremony. Lula said that he wants to make Brazil a global supplier of low-carbon fuels and the "Saudi Arabia" of renewable energy within 10 years.
BP, ADNOC meet Cyprus Officials to Explore Gas Investments
13 offshore blocks, or exploration locations, rimming the island. has found gas in five wells at 3 blocks. None has gone into industrial production yet.BP declined to comment.Previously this year, a $2 billion offer by ADNOC and BP to buy.
ADNOC, AG&P Agree FSU Lease for Philippines First LNG Terminal Launch in July
The logistics arm of state oil firm Abu Dhabi National Oil Company (ADNOC) will supply a floating storage unit to LNG logistics company AG&P to launch the Philippines' first LNG import terminal in July, the companies said on Wednesday.Singapore-based Atlantic, Gulf & Pacific International Holdings (AG&P) signed an 11-year charter agreement, extendable by four years, to convert ADNOC Logistics & Services (ADNOC L&S) liquefied natural gas (LNG) carrier ISH into a floating storage…
UK and Norway Sign Deal On New Power Interconnector
Britain and Norway on Thursday signed a bilateral treaty on electricity interconnection to help formalize power trading between the two countries, Britain's ministry for business and energy (BEIS) said.The agreement comes ahead of the start of commercial testing operations in October of the North Sea Link, the first electricity interconnector between the two countries."Today's agreement ensures that the full benefits of the North Sea Link interconnector are realized by ensuring…
Renewable Energy: Wave Power Projects Takes a Big Step
Eco Wave Power has secured the engineering coordination permit from the Municipality of Tel-Aviv Jaffa (permit number 2020-3249) needed for the cement works and installation of 10floaters for the EWP-EDF One wave energy project in the Port of Jaffa, Israel.This permit allows Eco Wave Power to proceed with the actual installation of the project in the seaside of the breakwater, which shall include cement works for the breakwater’s reinforcement and the installation of 10 floaters, on 30 linear meters of a pre-existing breakwater within the port, having an installed capacity of 100 KW.
EU Energy Watchdog Sanctions Bosnia over Non-compliance with Rules
The European Union's energy watchdog has extended sanctions against Bosnia for another two years over the Balkan country's failure to comply with the body's gas and electricity sector regulations.Bosnia has been sanctioned for much of the period since 2015 due to its persistent failure to amend legislation in accordance with the Second Energy Package in the gas sector, the Sulphur in Fuels Directive, and the Third Energy Package in both electricity and gas."Bosnia and Herzegovina will not participate in the decision-making on matters of budget and enforcement for a period of two years…
Norwegian Businesses See Rise in Wind Industry Orders
Onshore wind companies provided the largest revenue stream for the Norwegian renewables industry from sales of equipment, construction and consultancy services in 2019, overtaking hydropower, according to a report published on Friday.Onshore wind is a new source of energy for the Nordic country which has, for decades, relied on hydropower to produce nearly all of its electricity.Total Norwegian renewable industry turnover, excluding the production and sale of power and heat, reached a record-high 45.1 billion crowns ($4.89 billion) last year…
Lundin Energy Chief Schneiter: Output Trending Upward at Sverdrup
Norway's Johan Sverdrup oilfield, the largest in western Europe, is ramping up production in the fourth quarter after the government increased its production permit, Lundin Energy, a partner in the field, said on Friday.Equinor-operated Sverdrup increased its production capacity to 470,000 barrels of oil equivalent per day (boed) in March from an original 440,000 boed, but output was soon after capped by government-imposed limits.Norway in May joined OPEC and other producers in voluntary output curbs to help prop up oil prices as the novel coronavirus pandemic undermined demand.Maintenance wor
Oil Prices Up as Faith in Supply Cuts Grows
Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up as coronavirus lockdowns ease.Brent crude futures were up 1.4%, or 48 cents, at $36.01 a barrel by 1210 GMT.U.S. West Texas Intermediate (WTI) crude futures gained 2.3%, or 75 cents, to $34. There was no WTI settlement on Monday because of the U.S. Memorial Day holiday."The current recovery in oil prices has primarily been driven by supply considerations.
Gas Output to Resume at Israel's Leviathan After Brief Halt
Production at Israel's offshore Leviathan natural gas field will resume in the coming hours after an emergency shutdown on Saturday, the project's operator Noble Energy said [on Saturday].The platform's flare system had been activated to burn off excess gas, generating a flame visible from shore, in what Israel's Energy Ministry called an "emergency closure."Noble initially referred to it as an "operational event" but updated later it had been a false alarm caused by a gas detector…
Indonesia Weighing Subsidy Options for Biodiesel Program
The Indonesian government is considering alternate plans to increase subsidies for the country's ambitious biodiesel program after crude oil prices tumbled, a finance ministry official said on Wednesday.A historic crash in oil prices this year has widened the cost difference between standard diesel fuel and the fatty acid methyl ester (FAME), making biodiesel more expensive to be subsidized."At the moment, it is impossible to cover for incentives until the end of the year," said Febrio Kacaribu…
Azerbaijan's Jan-April Oil Output Flat
Azerbaijan's oil and gas condensate output was flat in January-April at 12.4 million tonnes compared with 12.44 million tonnes in the same period last year, the Energy Ministry said on Thursday.Natural gas output rose to 13.4 billion cubic meters (bcm) in the first four months of 2020 from 11.6 bcm.Azerbaijan exported 10.26 million tonnes of oil in January-April, 9.8 million tonnes of which was oil produced by an international consortium led by BP while 409,000 tonnes were produced…
