The drilling of the offshore gas project in Romanian Black Sea has begun.
On Tuesday, the owners of Romania's Neptun Deep offshore project announced that drilling had begun in the Black Sea. This could lead to the production of one the EU's biggest gas deposits in 2027, which would ease the transition from Russian gas.
Cuba is on track to install fifty solar parks by the end of this year, according to the Ministry
The Energy Ministry announced late Wednesday that Cuba was making progress with a China-backed project to install over 50 solar parks in this year, capable of producing more than 1,000 Megawatts. This comes just days after Cuba's outdated grid collapsed, leaving millions without power.
Sources: Russian-Kazakh joint venture suspends LPG supply from Orenburg plant because of EU sanctions
Kazrosgaz is a joint venture between Russia’s Gazprom, and Kazakhstan’s KazMunayGas. It has suspended production of liquefied gas and its supplies at the Orenburg gas processing facility in Russia this year because EU sanctions have…
Source: Kazakhstan increased oil production to a record of 2,12 million bpd during February.
A source said that Kazakhstan increased crude oil and condensate output in February by 13% compared to January, reaching a record of 2,12 million barrels a day. This was again a higher production than its quota for the OPEC+ oil producing group.
Breakaway Moldovan Region claims it received gas supplies backed up by Russian loan
Separatist authorities announced on Friday that the pro-Russian Transdniestria region of Moldova, which is a breakaway region, has begun receiving gas under a Moscow loan. Transdniestrian leader Vadim Krsnoselsky stated in a Telegram…
Aramco's chief executive expects an additional oil demand of 1,3 million bpd in this year
Amin Nasser, the chief executive of Saudi oil giant Aramco, said that he believes the oil market is healthy and anticipates a demand increase of 1.3 million barrels a day this year. Nasser, speaking on the sidelines at the World Economic Forum…
Data shows that Tengiz oilfield's output in December was 20% lower than planned.
Estimates based on data from the Kazakh energy ministry and analysis service SAC TEK show that output from Kazakhstan's largest oil field Tengiz operated by U.S. giant Chevron was 20% below its planned plan in December. This helped Kazakhstan meet its OPEC+ production target.
Indonesia's plans for renewable energy may endanger forests
Indonesia, which is heavily dependent on coal for electricity, needs to move away from fossil fuels. It aims to generate 75 gigawatts from renewable sources over the next fifteen years. This compares with the 13 gigawatts it produces today.
Vulcan Energy, a company listed in Australia, receives $106 million funding from the German Ministry
Vulcan Energy Resources, an Australian company, announced on Tuesday that it received funding of 100 million euros (106.42 millions dollars) from the German Economy Ministry for its renewable energy facility in Landau in Germany. The…
Lagos, Nigeria seeks investors to build a 4,000-MW gas-fired electricity plant
Lagos, Nigeria's commercial hub, invited bids on Thursday for the construction of gas-fired power stations of up to 4,050 megawatts (MW) to fill a shortfall in the national grid. The city is hoping to put an end to years of blackouts which have affected businesses and homes.
The Colombian Ministry of Energy says nine companies are interested in the offshore wind project
The Colombian energy ministry announced on Tuesday that seven foreign companies and two local ones had expressed interest in a project to build offshore wind farms and expected to receive formal bids by the first half of 2025. According to the ministry…
Official: Uganda wants to increase hydropower capacity by 1,600 MW
An energy official announced on Wednesday that Uganda was seeking funding to build three hydropower stations, which would increase the country's power capacity by over 1,600 Megawatts (MW). Wamala Julius Nmusanga is a junior official in the Ministry of Energy and Mineral Development.
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…
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.
Sources say that Cyprus is considering ending the monopoly on gas imports to tackle project delays.
Cyprus is looking for a way to quickly resolve the serious delays that have been experienced in getting natural gas to the market. The efforts to introduce natural gases to the local market has been plagued with delays since years. The…
Lebanon Postpones Offshore Licensing Round Again
Lebanon has again postponed the deadline for the submissions of applications for its second offshore licensing round, citing the effects of the COVID-19 pandemic and the decline in oil prices.Lebanon had in January postponed the deadline…
CNPC Inks Two Cooperation Deals in Kazakhstan
China's CNPC said it has signed a Memorandum on expanding cooperation with KazMunayGas (KMG) and a Memorandum on natural gas cooperation with the Ministry of Energy of the Republic of Kazakhstan and KazTransGaz, respectively.Signing…
Poland Preps Offshore Wind Bill
Polish Ministry of Energy has finished internal work on draft 'offshore wind act'. The draft is to be further proceeded now by Government on the legislative path through public consultations.Dedicated offshore wind act is one of the…
India, Denmark Forge Offshore Wind Alliance
India’s Union Cabinet has given its approval for a cooperation agreement between India and Denmark on strategic sector cooperation in the field of renewable energy with a focus on offshore wind.According to a government release, the Cabinet…
Indonesia Okays Empyrean Plan for Mako Gas
Indonesia has approved the development plan for the Mako gas field, Empyrean Energy PLC and Coro Energy PLC said.Indonesia’s Ministry of Energy and Mineral Resources (MEMR) has approved the plan of development (POD) for the Mako gas field at the Duyung production sharing contract (PSC)…
