War in Ukraine

Bank agrees to process Russian oil transit payment to central Europe

A European bank has agreed to process a payment for the transit of Russian oil through Ukraine, Slovak refiner Slovnaft and another source familiar with the matter said, removing the cause of a stoppage of oil supplies to central Europe last week

Offshore Filyos

Saipem forges ahead with deep-water gas pipeline in Turkey

Saipem is progressing its pipelay activities on state-owned Turkish Petroleum’s huge $3.6 billion Sakarya gas project in the Black Sea. Due on stream in 2023, the 15 trillion cubic foot development will be tapped by subsea wells

Analysis

Mining firms blow cold on India's plan to dig deep for coal

India's plan to auction abandoned coal mines to private firms to meet rising energy demand has brought little cheer to the industry as running the mines poses financial, technological and safety risks companies are reluctant to take on, analysts said

Mayor says

Russian forces strike Mykolaiv port infrastructure

Russian forces have struck port infrastructure in Ukraine's southern Mykolaiv region, Mayor Oleksandr Senkevich said on Tuesday: "A massive missile strike was launched on the south of Ukraine from the direction of the Black Sea, and with the use of aviation," he told

Analysis

Russian gas flow too low to fill Europe's storage

Russia's cut in supplies through its main gas pipeline to Germany will leave countries unable to meet goals to refill storage and Europe's biggest economy faced with rationing industry to keep its citizens warm during the winter months

South Korea

DSME workers reach tentative deal to end strike

South Korean contract workers have tentatively agreed to end their strike at the country's No.3 shipbuilder in return for a much smaller wage hike than they had demanded, union officials and subcontractors said on Friday

With TotalEnergies

CMA CGM agrees to cut prices to help French consumers

French oil major TotalEnergies and shipping giant CMA CGM announced further measures to cut prices on Friday, following government pressure for companies to do more to help consumers cope with soaring inflation

ETS trading

A year on, China's CO2 market yet to drive big emission cuts

Shanghai - China's year-old carbon market has given more than 2,000 power plants a taste of emissions trading, but design flaws and data fraud have meant limited large-scale greenhouse gas reductions and environmental gains

UK says rare earths refinery to be second largest outside China

Britain eyes critical mineral security with new refinery and strategy

Britain on Friday emphasised the importance of securing rare earth mineral supply chains and diversifying away from dominant players such as China as it launched a refining facility in northern England and a new critical minerals strategy

Libya

NOC says production resumed at several oilfields

A tanker entered Ras Lanuf port to ship 600,000 barrels of crude, it said, while another has arrived at the Zueitina oil terminal. Earlier on Wednesday a tanker docked in Es Sider oil terminal to ship one million barrels of crude to Italy, according to NOC

Energy cooperation

Iran and Russia's Gazprom sign primary deal

The National Iranian Oil Company (NIOC) and Russian gas producer Gazprom signed on Tuesday a memorandum of understanding worth around $40 billion. The deal was signed during an online ceremony by the CEOs of both companies

As prices correct

Asian palm oil buyers replenish inventories

Asian buyers are ramping up palm oil purchases to replenish inventories after prices corrected to their lowest in a year and as top producer Indonesia has scrapped levies on exports. Buying by leading Asian importers such as India, China and Pakistan could support Malaysian palm oil

The nationalisation

France to pay $10 bln to take full control of EDF

Paris - France's government is offering to pay 9.7 billion euros ($9.85 billion) to take full control of EDF, in a buyout deal that gives it a free hand to run Europe's biggest nuclear power operator as it grapples with a continent-wide energy crisis

The debate

Germany's gas crisis generates nuclear dilemma for ruling Greens

German conservative politicians have revived debate on extending the life of the country's three remaining nuclear power plants, and polls show a rise in public support for the energy source in the face of a possible cut-off of Russian gas

Decline in container segment

Port of Antwerp-Bruges: slight growth in 1H 2022

The total throughput of Port of Antwerp-Bruges was 147.2 million tonnes in the first six months of 2022, an increase of 1.3% compared with the same period last year. Statistics confirm its strengthened position as a unified port