Azerbaijan is ready to start supplying oil products to Kyrgyzstan, Kyrgyz Energy Minister Taalaibek Ibraev told Kyrgyz media, Azernews reports.
According to him, Azerbaijan is one of the top oil exporters. The Junda oil refinery, which would consume more than 1 million tons of petroleum per year, will also be operational in Kyrgyzstan soon.
Chevron’s Permian Basin production in the first quarter dropped less sequentially than the 2%-4% than had been predicted three months ago, but still expects to continue on a growth trajectory in the second half 2024, its top executive said April 26.
Spanish oil major Repsol SA expects production to climb with the addition of two oil fields in a joint venture with Venezuela, where the company is exempt from reimposed US sanctions.
Prime Minister Shehbaz Sharif has ordered probe into the curtailment of gas supply to the public gas utilities because of delay in payments.
Eni SpA has made a significant move by agreeing to divest the majority of its upstream assets in the U.K. to Ithaca Energy.
The transaction, valued at approximately £754 million, is structured as an all-stock deal. This agreement does not include Eni’s East Irish Sea assets and its carbon capture, utilization and storage activities in the U.K.
Financial details of Shell’s vast oil and gas trading business are some of the company’s closest-held secrets.
Documents in a lawsuit filed by a former employee, however, revealed its U.S. crude trading regularly earns around US$1 billion every year.
Bharat’s electricity sector is set for substantial growth and diversification. Bharat has set several targets for energy transition, security, and access, with specific timelines. As a part of the Nationally Determined Contributions (NDCs) submitted to the UNFCCC, India aims to increase the share of installed capacity for electric power derived from non-fossil fuel sources to 50% by 2030. Additionally, Bharat has set a goal to achieve net-zero emissions by 2070[1] and is on track to meet this target[2].
Namibia’s national oil company has signed a development deal with Chevron that will see the US oil major take an 80% operating working interest in an offshore block in the Walvis Basin, it said on Monday.
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian
National Petroleum Company (NNPC) Limited over the “failure to account for and explain the whereabouts
of the alleged missing USD$2.04 billion and N164 billion oil revenues.”
U.S. natural gas producers and shippers could be one of the big winners of the latest advances in Artificial Intelligence.
The surge in data centers amid the booming AI technology development is set to lead to higher U.S. natural demand and prices by the end of the decade, according to investment bank Tudor, Pickering, Holt & Co.