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Petrobras introduces new gas contracts amid newly liberalised Brazilian market
Brazil’s national oil company (NOC) Petrobras has announced plans to introduce new types of natural gas contracts in Brazil's open market, featuring more flexible and competitive terms.
CMM secures $94mn to build ethanol-powered PSV fleet in Brazil
Compagnie Maritime Monegasque (CMM) has obtained $94mn in financing from Summit Ridge Capital Partners, earmarked for the construction of a pioneering ethanol-powered fleet of Platform Supply Vessels (PSVs) in Brazil.
Brazil narrows reduced biofuel mix mandate in flood-hit south
Brazil's crude oil, gas, and biofuels regulator the ANP has scaled back the reduced biofuel blending mandate in Rio Grande do Sul state, limiting it to the cities of Canoas, Esteio, Rio Grande, and Santa Maria as the area reels from severe flooding.
Iran’s output up for 3rd straight month in April, OPEC report shows
Iran’s oil output soared for the third month in a row in April, an OPEC monthly report showed, as the Middle Eastern producer has vowed to pump more crude in defiance of US sanctions.
Oil poised to become Brazil's leading export in 2024
Crude oil is set to become Brazil’s primary export in 2024, reflecting its growing significance in the country's export portfolio.
Petrobras curbs investor payouts amid political pressure
Brazil’s national oil company Petrobras’ board has approved a BRL1.04 per share, or BRL13.45bn ($2.6bn), in dividends from the first quarter, it said in a regulatory filing,
Shell bets big on hydrogen to decarbonise offshore operations
The subsidiary of UK energy major Shell in Brazil is investing millions in a project to test hydrogen in diesel engines on marine vessels, including drilling rigs and tankers, aiming to reduce greenhouse gas (GHG) emissions.
Vietnamese manufacturers turn to rooftop solar for greener production
Vietnamese manufacturers are increasingly embracing rooftop solar power as a way to "greenify" their production processes, enhance competitiveness, and contribute to national net-zero goals, according to industry experts
Wave of consolidation may be imminent amongst Brazil’s smaller upstream independents
Four of Brazil’s top 10 independent exploration and production players are in talks in which they are seeking a merger. And indeed it is Brazil’s oil juniors that are hunting for M&As most avidly.
Tanzania’s mining sector is about to take off despite government interference
Tanzania is emerging as an important hub for the mining of green energy transition minerals in East Africa, despite the government taxing the sector heavily.
Oil and gas remain crucial for Indonesia's energy security amid net zero transition
According to Minister of Energy and Mineral Resources Arifin Tasrif, oil and gas will continue to be essential in securing Indonesia’s energy supply
Indonesia eases local content rules to attract renewable energy investments
The Indonesian government has relaxed regulations on Domestic Component Level in the electricity sector to attract more investments in new renewable energy projects
Indonesia signs new oil and gas contracts to boost national energy supply
The Indonesian government is intensifying efforts to explore and exploit oil and gas resources to meet national energy demands and support economic growth across various sectors
China’s crude imports were up in April y/y but down on March figures
China's total crude oil imports in April increased by a reported 5.45% compared to the same period last year, as refiners geared up for a robust Labour Day holiday and travel season, official data revealed on May 9
Petronas hits hydrocarbon for third time in Block 52 in Suriname
Petronas has made a hydrocarbon discovery in Block 52 at the Fusaea-1 exploration well in Suriname’s Block 52, located about 170 kilometres offshore and 9 kilometers east from Roystonea-1, the company announced.
Indian oil demand projected to climb to 5.80mn bpd in 2025
India's oil demand is projected to climb to 5.80mn barrels per day in 2025, a 4.1% increase from the expected 5.57mn bpd in 2024, according to the Organisation of Petroleum Exporting Countries
EBRD lends $14mn to Uzbekistan’s Star Group for expansion, prioritising energy efficiency
Russia’s Gazprom CEO in Iran for energy talks
Alexei Miller, the head of Russia’s energy giant Gazprom, has travelled to Iran, where he met senior official, the state-owned company said on May 15.
Nationwide power blackout hits Ukraine amid Russian attacks
The blackout, effective between 9 p.m. and midnight, was prompted by a severe electricity deficit exacerbated by Russian shelling and heightened consumption due to colder weather.
First wind farm in eastern Serbia Inaugurated
Serbia’s Prime Minister Milos Vucevic attended the ceremonial opening of the 105-MW Krivaca wind farm in Golubac, in the eastern part of the country, funded by an investment of €165mn.
Australia launches Future Gas Strategy seeking balance for energy transition
The Australian government has released an energy strategy focused on using natural gas as a transition fuel as the country moves towards net zero by 2050.
Iran poised to jack up Euro 5 fuel output
Iran is set to ramp up high-quality fuel production by launching eco-friendly projects in its leading refineries.
Kazakhstan pushes for increased oil output in 2025, sparking OPEC+ conflict.
Kazakhstan has requested a discussion within OPEC+ regarding future oil production levels. It is pushing to increase its oil output by 2025, coinciding with the expiration of the current production cuts imposed by the alliance (OPEC+).
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