Mozambican President Filipe Jacinto Nyusi talks to The Energy Year about banking on natural gas as a transition energy source, collaborating with international financial institutions on infrastructure development and ushering in unprecedented investments in the Mozambican economy.
Ukraine attacked the Saratov crude-oil refinery in Russia’s Volga region overnight as Western nations seek to push President Vladimir Putin to the negotiating table.
State-owned Israel Natural Gas Lines Ltd (INGL) signed an agreement to allow the Chevron Corp-led Leviathan consortium to use the planned Nitzana pipeline to ship more natural gas from the Israeli offshore field to Egypt, Leviathan co-venturer NewMed Energy LP said Tuesday.
Independent refiners are meanwhile due for a consolidation amid the overcapacity issues. China has the highest oil refining capacity in the world, at over 18.2 million barrels daily as of 2024. By next year, this will have grown to over 21 million barrels daily. This massive capacity, however, is unlikely to survive the next ten years without some trimming, Wood Mackenzie warned earlier this year. The consultancy said it expected 10% of China’s refineries to shut down before the end of 2034.
Australia is making a major bet on biofuels as part of its net-zero ambitions. On Wednesday, the government announced it will invest A$1.1 billion (US$735 million) over the next decade to develop a domestic low-carbon fuels industry, a move widely welcomed by the country’s powerful agricultural sector.
Independent oil and gas producers remain the backbone of U.S. upstream activity, according to a new study by Rystad Energy commissioned by the American Exploration & Production Council (AXPC). The report underscores the sector’s outsized role in driving production, jobs and government revenue.
Aker BP is taking a major step forward in its digital transformation by expanding the use of Cognite Atlas AI™, deepening its strategic partnership with Cognite to drive an “AI-first” approach in exploration and production.
“Across the nation, we have 2 billion litres worth of projects in the pipeline, many of which are ready to scale up production. A new thriving domestic industry is within our reach,” said Minister for Climate Change and Energy Chris Bowen.
The CEO of Ghana National Petroleum Corporation (GNPC), Kwame Ntow Amoah, has been appointed Chairman of the African Petroleum Producers’ Organisation (APPO), marking a significant milestone for Ghana’s leadership in the continent’s energy sector. The appointment was formalised during a handover ceremony at the 7th APPO National Oil Companies CEOs Meeting in Accra today, where […]
Nigeria’s Midstream and Downstream Gas Infrastructure Fund (MDGIF) and the African Export-Import Bank (Afreximbank) have signed a memorandum of understanding (MoU) for a four-year debt and equity plan of up to $500 million to expand and modernize Nigeria’s natural gas infrastructure.