Energy Investments has now increased its stake to 41.11 percent. JSC Rietumu Banka owns 28.97 percent, LLC ITERA Latvija 16 percent, UAB Haupas 6.15 percent and Port Investment Co. SARL 5 percent. Other shareholders hold 2.77 percent, Latvijas Gaze confirmed separately on Wednesday.
Tanker tracking by Bloomberg shows that the Gulf state’s crude exports surged to a 19-month high in June as the OPEC+ alliance brought curbed barrels back. Most of Kuwait’s oil flows to Asian countries, including China, Japan and South Korea. Sheikh Nawaf said recent demand has been driven by Asia in particular, noting that KPC’s global business partners have been asking the company if it has additional barrels.
The department didn’t give specifics on when deliveries restarted. Trucks weren’t getting into the plant in north England earlier in the day, according to two people familiar with the matter.
U.S. renewable energy generation grew 9.3 percent from 2023 to 2024, the review highlighted. The country’s wind energy generation rose by 7.4 percent, its solar energy generation grew 26.5 percent, its hydro energy generation decreased by 1.4 percent, and its “other renewables” energy generation dropped by 2.1 percent, year on year, the review outlined.
Sheikh Ahmad Duaij Al Sabah, Chairman of the Commercial Bank of Kuwait (Al-Tijari), talks to The Energy Year about supporting key energy and infrastructure developments and the positive impact of Kuwait’s new public debt law. Al-Tijari is a Kuwaiti bank that provides financial, banking and investment services to corporate and retail customers.
“Based on the advice from engineers, I have directed that we do not attempt to run those plants on liquid fuel for that short period. It involves changing nozzles, it involves a lot of work, and so if we are going off for about four to six hours, you don’t risk transitioning to liquid fuel only to come back to gas,” he said.
Eni Ghana, operator of the Joint Venture (JV) that includes Vitol Upstream Tano Ltd, Woodfields Upstream Ghana Ltd, and GNPC Explorco, has officially submitted the Declaration of Commerciality for the Eban-Akoma oil and gas discoveries located in the Tano Basin offshore Ghana.
Springfield asserts that the agreement was finalised following thorough legal and technical due diligence conducted by Petraco and its advisors, particularly focusing on Springfield’s operations and assets in Ghana’s lucrative West Cape Three Points Block 2.
African exploration and production company Petralon Energy is on track to boost Nigerian crude production by a further 2,500 barrels per day (bpd), following drilling activities at the Dawes Island field, according to a news release from the African Energy Chamber. The company has recently completed a new well at the field, aligning with plans to maximize output at the field. Operated by Petralon Energy subsidiary Petralon 54 Limited, the field is situated in Petroleum Prospecting License (PPL) 259.
Minister Nguema’s participation at AEW: Invest in African Energies 2025 will serve to advance the country’s oil and gas industry goals. During the event, he is expected to share insights into the country’s exploration and production landscape, highlighting upcoming investment opportunities and areas of collaboration. Through his participation, operators will gain first-hand insight into the country’s oil and gas sector.