The strategy

Brazil picks Gileno Gurjao Barreto as Petrobras chairman

Sao Paulo - The Brazilian government selected Gileno Gurjao Barreto on Thursday as its nominee to chair state-run oil giant Petrobras' board. The Mines and Energy Ministry also confirmed Caio Mario Paes de Andrade as its nominee to be Petrobras' chief executive

The former German canchellor

Schroeder throws in towel as German industry clings on to Russian gas

Gerhard Schroeder has backed off from taking a top role at Russian energy giant Gazprom, dealing a setback to Germany's gas lobby as it seeks to keep the energy lifeline from Russia open. He played a critical role in establishing the energy bond between the countries

Amid supply uncertainties

Germany striving to develop gas field with Senegal

Germany plans to work with Senegal on the development of an offshore gas field amid the severe impact the war in Ukraine is having on global energy supply and prices. The update came as the German Chancellor Olaf Scholz this weekend started his tour of several African nations

Iraq persuaded Lukoil to halt sale to Sinopec

Iraq balks at greater Chinese control of its oilfields

Iraq's oil ministry thwarted three prospective deals last year that would have handed Chinese firms more control over its oilfields and led to an exodus of international oil majors that Baghdad wants to invest in its creaking economy

In a U-turn

IEA sees world weathering lost Russian oil supply

The world will not be left short of oil even with lower output from sanctions-hit Russia, the International Energy Agency (IEA) said on Thursday, in a U-turn after it predicted a possible "global supply shock" in March

War in Ukraine

Gazprom Germania subsidiaries getting no Russian gas

Germany's economy ministry will provide details on alternatives to some Russian gas import volumes later on Thursday, Economy Minister Robert Habeck said, after subsidiaries of a large player, state-supervised Gazprom Germania, have become subject to Russian sanctions

From June

Bulgaria to receive U.S. LNG deliveries

Bulgaria will receive U.S. liquefied natural gas (LNG) supplies from June to help it after Russia's Gazprom cut off gas deliveries, the government said on Wednesday. The arrangement was agreed at a meeting between Prime Minister Kiril Petkov and U.S. Vice President Kamala Harris in Washington

After Kiev shuts route

Russian gas to Europe via Ukraine falls by a quarter

Russian gas flows to Europe via Ukraine fell by a quarter on Wednesday after Kiev halted use of a major transit route blaming interference by occupying Russian forces, the first time exports via Ukraine have been disrupted since the conflict began

Energy diversification

Portugal set to start up Europe's largest floating solar park

Two tugboats have moved a vast array of 12,000 solar panels, the size of four soccer pitches, to their mooring on Portugal's Alqueva reservoir in preparation to start up Europe's largest floating solar park in July

War in Ukraine

Germany begins filling western Europe's biggest gas storage site

Germany has started filling the huge Rehden gas storage facility abandoned by Russia's Gazprom, the site's state-appointed manager said on Thursday, as Europe's biggest economy looks to guard against the risk of Moscow turning off supplies

After Europe's indecisions

Japan says difficult to immediately follow Russia oil embargo

Tokyo - Japan would face "difficulty" to immediately follow a move to cut off Russian oil imports over the invasion of Ukraine, its minister of economy, trade, and industry Koichi Hagiuda said on Thursday. Hagiuda made the remark during a visit to Washington

War in Ukraine

EU says buyers must confirm initial euro payments for Russian gas purchases

The EU said on Thursday buyers of Russian gas could avoid breaching sanctions if they declare purchases complete when they have paid in euros or dollars, but there may be no workaround if Moscow insists they also use a rouble account for the transaction

War in Ukraine

Uniper to pay for Russian gas via Russia account

Uniper will transfer payments for Russian gas to a Russian bank and no longer to a Europe-based bank, the German power utility told newspaper Rheinische Post on Thursday: "The plan is to make our payments in euros to an account in Russia," the daily paper cited a Uniper spokesperson as saying.

War in Ukraine

What are Europe's gas options if Russia turns off the taps? / FOCUS

Russia's Gazprom has halted gas supplies to Bulgaria and Poland, reviving European supply concerns as Russia and the West clash over Moscow's demand for payments in roubles. Poland and Bulgaria have long-term gas deals with Gazprom that expire at the end of the year

Drilling protest

Activists turn off German oil pipelines in North Sea

German climate activists turned off crude oil pipelines at five locations on Wednesday, demanding the country look for other ways to reduce its dependence on Russian gas than starting new fossil fuel-based infrastructure projects such as deep-sea drilling

In short term

Vaar Energi says unable to boost gas output

Oslo - Norway's Vaar Energi is currently producing as much natural gas as it can, and does not foresee a further increase in output in the short term, its chief executive told reporters on Wednesday. At the moment, the company directs as much gas as possible to the European continent

After Sofia failed to pay Moscow in rubles

Greece to help Bulgaria after Russia cuts gas supply

Athens - Greece will offer help to Bulgaria after Russia cut off its gas supply, Prime Minister Kyriakos Mitsotakis told his Bulgarian counterpart on Wednesday. The two leaders discussed the issue by phone

As S.Korea shifts gears on green energy

Samsung Elec to join renewables pledge

Samsung Electronics plans to join as soon as next month a group of global corporations committed to 100% renewable energy, a person familiar with the matter said, as partners such as Apple Inc push it for action against climate change

To avoid breaching sanctions

EU says pay for Russian gas in euros

European companies may be able to work around Russia's demand to receive gas payments in roubles without breaching sanctions if they pay in euros or dollars which are then converted into the Russian currency, the European Commission said on Friday

Focus

Who is buying Russian crude oil and who has stopped

London - Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow's invasion of Ukraine, but the European Union remains divided. The bloc's 27 members have been unable to agree on an embargo

Backed by ExxonMobil

"Argo FSRU" project greenlighted by Greece’s regulatory authority

The "Argo FSRU" project in Volos port, developed by Mediterranean Gas, has been greenlighted by Greece’s Regulatory Authority for Energy (RAE). Mediterranean Gas, a Greek energy utility company that is behind the project, that has the ambition to become the LNG and energy hub

UAE minister says

Oil producers as superheroes is not how it works

Oil producers who felt like outcasts at the COP 26 climate conference last year are now being treated like superheroes because their supplies are in strong demand, UAE energy minister Suhail al-Mazrouei said on Monday at an industry event

To cut Russia gas reliance

Italy eyeing two floating LNG plants

Italy is looking to install two floating storage and regasification units (FSRU) to boost liquefied natural gas (LNG) imports as part of plans to cut reliance on Russian gas, Italy's energy transition minister said on Tuesday

Amid push to mend ties

Erdogan says Turkey, Israel can work on gas

Ankara - Natural gas cooperation is among the most important steps Turkey and Israel can take amid a bid to repair ties and Israeli Prime Minister Naftali Bennett could visit Turkey, President Tayyip Erdogan was cited as saying on Friday

The deal

US, EU strike LNG deal as Europe seeks to cut Russian gas

The United States will work to supply 15 billion cubic metres (bcm) of liquefied natural gas (LNG) to European Union markets this year, as Europe seeks to wean itself off Russian gas supplies, the transatlantic partners said on Friday

The energy crisis

When it comes to oil, the global economy is still hooked / ANALYSIS

The world may be less dependent on oil now than it was during the energy shocks of the 1970s, but the Ukraine conflict is stark evidence of a stubborn craving that can still disrupt economies, confound policymakers and spark political strife

Berlin has optioned three FPSO

German ministry wants to halve dependence on Russian oil

Germany's economy ministry wants to halve the country's dependence on Russian oil by the summer and have no Russian hard coal imports by the autumn, it' said in a ministry memo. The move comes as Western nations aim to present a united front against Russia

Eyes widespread use

China sets green hydrogen target for 2025

China's top economic planner announced a target on Wednesday to produce up to 200,000 tonnes per year of green hydrogen, a zero-carbon fuel generated from renewable energy sources, by 2025, but envisions a more widespread industry over the long term

Up to 6.5 billion cubic meter 2021

Mexico flared record levels of gas in 2021 / STUDY

Mexico City - Flaring by the energy sector in Mexico hit record levels last year while the number of sites where gas is burnt off also rose despite government pledges to reduce such activity, research by a leading team of scientists showed

In three or four year

Coal India aims to be net-zero carbon emitter

State-run Coal India, the world's largest miner of the fuel by output, plans to become a net-zero carbon emitter in three to four years, its chairman, Pramod Agrawal, said on Monday. The firm's foray into renewable energy

On Russia conflict

U.S. gasoline prices soar to highest since 2008

U.S. gasoline prices at the pump jumped 11% over the past week to the highest since late July 2008 as global sanctions cripple Russia' s ability to export crude oil after its invasion of Ukraine, automobile club AAA said on Sunday

Make little progress

U.S., Venezuela discuss easing of sanctions

U.S. and Venezuelan officials discussed the possibility of easing oil sanctions on Venezuela but made scant progress toward a deal in their first high-level bilateral talks in years, five sources familiar with the matter said, as Washington seeks to separate Russia from one of its key allies

Leaving $4 bln in asset

Exxon to exit Russia

Exxon Mobil on Tuesday said it would exit Russia oil and gas operations that it has valued at more than $4 billion and halt new investment as a result of Moscow's invasion of Ukraine. The decision will see Exxon pull out of managing large oil and gas production facilities on Sakhalin Island

In event of sanctions

Russia ready to re-route energy flows

Russia would be ready to re-route supplies to other markets should new Western sanctions target its energy companies, finance minister Anton Siluanov said on Wednesday. Siluanov did not say how Russia would divert its energy exports

Iraq struggles to attract new Western investors

Iraq's $27 bln TotalEnergies deal stuck over contract wrangling

A $27 billion deal between France's TotalEnergies and Iraq that Baghdad hoped would reverse the exit of oil majors from the country has stalled amid disputes over terms and risks being scrapped by the country's new government

Via fresh share listing

Saudi Aramco mulls up to $50 bln stake sale

Riyadh - Saudi Arabia is planning to list more shares in Aramco and is targeting a stake sale of as much as $50 billion, the Wall Street Journal reported on Friday, citing people familiar with the oil giant's strategy. The state-owned company has held talks with outside advisers about selling more shares on the Riyadh stock exchange as well as a secondary listing

As Moscow squares off with West

Putin unveils new gas deal with China's Xi

Moscow - President Vladimir Putin unveiled a new Russian gas deal with China at a meeting with President Xi Jinping in Beijing on Friday, promising to increase Moscow's far east exports at a time when Putin is at odds with European customers over Ukraine

Wholesale gas prices up over 300% last year

Why Europe faces climbing energy bills / EXPLAINER

Households across Europe are facing much higher energy bills this year and beyond due to a global surge in wholesale power and gas prices, with consumer groups warning that the most vulnerable in the region could be hit by fuel poverty

The country puts 4 mln barrels of Iranian oil into state reserves

China reports first official Iranian oil imports since Dec 2020

Singapore - China reported the first imports of Iranian crude oil in a year despite ongoing sanctions by the United States government, according to data released by customs on Thursday. China brought in 260,312 tonnes of Iranian crude oil in December, according to data from the General Administration of Chinese Customs

No salary since August

Afghanistan's China envoy leaves after months without pay

Beijing - Afghanistan's ambassador to China, Javid Ahmad Qaem, left his post earlier in January after months without pay from Kabul following the Taliban's seizure of power, he said on Twitter. Qaem said that many diplomats at the embassy had already left

Over COVID- 19 measures

Gabon oil and utilities workers strike

Libreville - Gabon's oil workers' union and water and electricity workers' union began a general strike on Tuesday in protest against COVID- 19 restrictions and the cost of PCR tests, they said: "We hereby inform you of the launch of an unlimited general strike which will cover all companies in oil and related activities, water and electricity sectors throughout the national territory," said a statement signed by the striking trade unions

Sustainability

Maersk tests heat recovery system to generate power on containership

Copenhagen - Shipping giant Maersk is undertaking what may be one of the first retrofits and testing of a heath recovery power system aboard one of its containerships in collaboration with a Swedish technology company Climeon that is developing heat recovery systems for marine and other applications. The demonstration project is one of the techniques Maersk  is exploring as it seeks to take a leadership role in developing new technologies to improve efficiency

Alert in Pacific Ocean

Tepco finds melting of ice wall at Japan's Fukushima Daiichi plant

Tokyo Electric Power Co (Tepco) will launch remedial works at the stricken Fukushima Daiichi nuclear plant to strengthen an ice wall intended to halt the flow of groundwater after testing indicated partial melting. The work could begin as early as the start of December, according to a presentation from the plant operator dated Thursday, part of a costly and troubled effort to secure the site following the 2011 earthquake and tsunami

For next six months

Russia, Serbia reach deal on gas price

Moscow - Russia has agreed to continue selling Serbia gas at the current price of $270 per 1,000 cubic metres over the next six months, TASS news agency quoted Serbian President Aleksandar Vucic as saying on Thursday after he met with President Vladimir Putin. Vucic asked Russia last month for "favourable“" gas prices

The goal

China plans methane emission controls in key industries

Beijing - China will look into methane emissions in key industries, including coal mining, agriculture and petroleum, and publish a nationwide methane emission control action plan, the environment ministry said on Thursday

The project

China to meet "challenges" to giant Belt and Road initiative

Brussels - A feed additive that reduces emissions of potent greenhouse gas methane from cattle could be the first of its kind to come to market in Europe after receiving a positive assessment on Friday from the European Food Safety Authority (EFSA)

after U. After U.S. request

Asia looks to release oil reserves

Singapore - Governments from some of the world's biggest economies said on Thursday they were looking into releasing oil from their strategic reserves, following a rare request from the United States for a coordinated move to cool global energy prices

As Warsaw "defends EU border"

Polish PM scolds Germany on Nord Stream 2

Berlin - Polish Prime Minister Mateusz Morawiecki said on Thursday Germany should stop the Nord Stream 2 gas pipeline from Russia to Europe if it wants to work for peace, linking the project to his country's handling of migrants on the Belarus border

Under climate efforts

Oil industry calls for inclusivity

Abu Dhabi - Energy producers gathered in Abu Dhabi following the Cop26 U.N. climate talks called on Monday for greater inclusivity that would see more investment in hydrocarbons for energy security as they work to reduce emissions while developing their economies

Current shortage not unexpected

UAE says Q1 to see oil supply surplus

Dubai - UAE Energy Minister Suhail al-Mazrouei said on Monday that all indications point to an oil supply surplus in the first quarter of 2022 and he expected OPEC+ would likely stick to current production policy when it next meets in early December. OPEC and its allies agreed earlier this month to stick with plans to raise oil output by 400,000 barrels per day (bpd) from December

For unpaid bills

France's EDF stops cutting electricity supply

Paris - EDF said on Friday it would no longer cut off French retail customers' electricity supplies for unpaid bills, extending a winter truce introduced by the regulator amid rising energy costs. The state-owned French company said that instead of cutting off supplies it would reduce power levels to a guaranteed minimum level

For a third day

No Russian Yamal gas flows into Germany for a third day

Moscow - Gas flows on the Yamal-Europe pipeline between Russia and Germany flowed eastbound for the third day running on Monday before stopping completely, data on German transmission company Gascade's website showed

Saudi Green Initiative Forum

Snam CEO hopes COP26 will provide definition for blue hydrogen

London - The COP26 climate conference in Glasgow ought to agree a definition for blue hydrogen to help producers trade it, the CEO of gas infrastructure group Snam said on Saturday: "At COP26 we need to define what blue hydrogen means"

As production at maximum

Qatar can't help red hot gas markets

Doha - Qatar, the world's largest supplier of liquefied natural gas, said on Monday it can't help ease the red hot gas market because it has allocated all its output and believes the high prices are destructive for demand: "We are maxed out as far as we have given all our customers their due quantities," Qatar's energy minister Saad al- Kaabi said

No plans to sell assets

Rebranded Qatar Energy touts broad strategy

Dubai - Qatar changed the name of its state-owned oil and gas firm to Qatar Energy from Qatar Petroleum to reflect what it said was a broader strategy but said it had no plans to sell assets to raise funds as other Gulf state producers have: "We have plenty of cash" Chief Executive Saad al-Kaabi said on Monday, indicating the Qatari firm would not follow in the footsteps of Gulf rivals which have sold assets

And pushes more suppliers to brink

Dash for gas sparks oil switch

London - Soaring gas prices are forecast to drive a switch to oil and put more energy suppliers in Britain out of business, while industry groups called on Thursday for government action to ensure there is no supply interruption this winter

Through stake sale

UK looks at ways to remove China's CGN from nuclear project

London - The British government plans to sell a minority stake in a new nuclear power station to institutional investors or float it on the stock market, to remove China General Nuclear Power Group from the project. The state-owned Chinese company has a 20% stake in the proposed Sizewell C nuclear plant in Suffolk

But says it's a "reality"

U.S. reassures allies over Nord Stream 2

Kyiv - A senior U.S. envoy said on Saturday he had delivered reassurances to Ukraine and Poland on mitigating any threat posed by Russia's Nord Stream 2 gas pipeline, but that the project was now a "reality"

NOC says

Loading resumes at two Libyan oil ports

Tripoli - Loading operations at the Libyan oil terminals of Es Sider and Ras Lanuf resumed on Friday after a stoppage, National Oil Corporation and two engineers at the ports said. Exports were still halted at a third terminal, Hariga, where people have blocked loading operations, an engineer there said. Libyan oil output has been over 1.3 million barrels per day for much of 2021

Gas flows yet to start

Russia completes Nord Stream 2 construction

Moscow - Gazprom said on Friday it had finished construction of the Nord Stream 2 subsea pipeline to Germany, allowing Russia to potentially double lucrative gas exports to Europe via the Baltic Sea while bypassing and cutting off a source of income for political foe Ukraine

green economy

ECB adds its clout to climate change battle

The EU has set itself a target of cutting net emissions by 55% by 2030 in an effort to limit global warming to well below 2 degrees Celsius above pre-industrial levels, as set out in the landmark 2015 Paris Agreement.

Nuclear power

EDF says informed of build-up of inert gases at Chinese nuclear facility

Paris - French power group EDF said on Monday it had been informed of a build-up of inert gases at its nuclear power station in China, and had called for a meeting with its Chinese partner to review data on the plant. CNN reported on Monday that the U.S. government had spent the past week assessing a report of a leak at the Taishan power plant in Guangdong province run by a joint venture between EDF and China General Nuclear Power Group (CGN)

International tensions

The Emirati oil deal that has infuriated Israeli environmentalist / FOCUS

Jerusalem - The first cargo ships from Dubai that docked last year in the Mediterranean port of Haifa were met by celebration in Israel. Flags waved. Reporters gathered. The prime minister walked the pier and gave a speech about the fruits of making peace

Hydrogen, offshore wind seen as future industries

Norway not ready to let go of oil, gas in push for greener energy

Oslo - Norway is betting on hydrogen and offshore wind for its energy transition but will continue to extract oil and gas until 2050 and beyond, the outgoing centre-right government said as it presented its long-term energy strategy on Friday. Europe's second largest oil and gas producer will continue to hold regular licensing rounds

Through July

OPEC+ sticks to plan to ease supply cuts

London - OPEC+ oil producers agreed on Tuesday to stick to the existing pace of gradually easing supply curbs through July, as they sought to balance expectations of a recovery in demand against a possible increase in Iranian supply. The Organization of the Petroleum Exporting Countries and allies - known collectively as OPEC+ - decided in April to return 2.1 million barrels per day (bpd) of supply to the market during May through July

After cyberattack

Colonial Pipeline has no plan to pay ransom to hackers

Washington - Colonial Pipeline does not plan to pay the ransom demanded by hackers who have encrypted its data, according to sources familiar with the company's response on Wednesday. The hack prompted a pipeline shutdown that is now in its sixth day and has led to panic buying and gasoline shortages in the southeastern United States

Including gas power plant

Myanmar's junta approves $2.8 bln investment

Yangoon - Myanmar's military rulers have approved new investment in projects worth nearly $2.8 billion, including a liquefied natural gas (LNG) power plant that will cost $2.5 billion, the country's investment body said. Approvals for 15 projects were given on Friday by the Myanmar Investment Commission, according to a statement on the website of the Directorate of Investment and Company Administration

The country faces 200 MW power generation deficit

Power generation woes in Ivory Coast and Ghana hit industry and neighbours

Abidjan - A drop in electricity generation in Ivory Coast and Ghana has left households and businesses fuming as well as cutting power supplies to neighbouring West African countries Mali and Burkina Faso, officials said. A prolonged dry season has reduced water levels at hydropower dams in both countries that in some cases could take months to resolve

energy

China drills deep in disputed South China Sea

Tensions in the region have escalated since a U.S. Navy strike group entered the South China Sea on Sunday. That came after the president of the Philippines, a U.S. ally, voiced concern about Chinese vessels massing in Manila's 200-mile (320-km) exclusive economic zone.

The world's top producer

Qatar tightens global gas market grip

 Qatar Petroleum is cranking up the pressure on high-cost rivals with bold expansion plans that will boost supplies over the coming decade and potentially push prices down further

As energy transition speeds up

State oil firms risk wasting $400 bln

London - National oil companies (NOCs) risk squandering $400 billion on expensive oil and gas projects over the next decade that may only break even if the world fails to meet the Paris climate goals, a non-governmental organisation said on Tuesday. In a new report called Risky Bet, the Natural Resource Governance Institute (NRGI) estimated that NOCs could invest $1.9 trillion over the next ten years

The infrastructure

Pipe laying for Nord Stream 2 restarts in Danish waters

Moscow - The consortium behind the Russia-led Nord Stream 2 natural gas pipeline has resumed laying pipes in the waters of Denmark, it said on Saturday, despite mounting pressure on the project from Washington. Construction of the link, which would double the capacity of the existing Nord Stream pipeline to 110 billion cubic metres of gas per year, was suspended in December 2019 due to the threat of sanctions from Washington

Lack of availability

Asian spot prices rise to record high

Asian spot prices for liquefied natural gas (LNG) jumped nearly 50% this week to a record high, based on available data going back to 2009, as logistical issues disrupt supply to the world’s top consuming region

On LNG storage ships

GTT fined over unfair sales practices in S. Korea

Seoul - South Korea's antitrust regulator said Wednesday it has fined a French engineering company 12.5 billion won (US$11 million) for its unfair tie-in sales to South Korean shipbuilding clients