Denmark Targets Russia’s Shadow Fleet With Tighter Tanker Controls
Denmark is intensifying inspections on oil tankers passing through its waters, which are the gateway to and from the Baltic Sea, in a move to counter Russia’s shadow fleet movements.…
African Energy Conglomerate Eyes 350,000 Bpd in Oil Output
Sahara Group, the India-based energy and infrastructure conglomerate, plans to be producing 350,000 barrels of crude daily in Africa by 2030, local media reported, citing a senior company executive. “This…
Eni Restarts Drilling Work Offshore Libya
Italy’s Eni has restarted drilling operations offshore Libya after a five-year break prompted by the Covid pandemic. The National Oil Corporation of Libya said that the Italian supermajor had started…
Uniper shores up biomethane supply in long-term Spanish deal
German energy company Uniper and Spanish developer Five Bioenergy have signed a seven-year biomethane purchase agreement from three of Spain’s largest biomethane plants, in Murcia. Deliveries are expected to start…
Chart Industries shareholders approve $13.6bn sale to Baker Hughes
The shareholders of US cryogenic equipment manufacturer Chart Industries have approved its sale to global energy company Baker Hughes in a $13.6bn cash deal. At a meeting held today, a…
SIAD and Brembo invest €2m in advanced hydrogen tech start-up Hydrospark
Industrial gas group SIAD and braking systems specialist Brembo will invest up to €1m each into Hydrospark, a start-up launched by hydrogen technology firm Petroceramics. Hydrospark has developed a platform…
QatarEnergy Expands Egyptian Footprint With New Shell Partnership
QatarEnergy struck a deal with Shell to buy a 27% interest in the North Cleopatra offshore oil and gas block in Egypt, with Shell retaining 36% in the block. The…
Oil Prices Climb After OPEC+ Announces Modest Output Hike
On Sunday, OPEC+ agreed to raise oil output by 137,000 barrels per day (bpd) from November. The increase is equal to the one adopted in October, with markets seeing it…
OPEC+ 8 Decide to Implement Production Adjustment
A statement posted on OPEC’s website on Sunday revealed that Saudi Arabia, Russia, Iraq, the United Arab Emirates (UAE), Kuwait, Kazakhstan, Algeria, and Oman “decided to implement a production adjustment…
Partnership to advance SAF rollout across Africa
The African Development Bank and Japan’s JGC Corporation will work together to advance development of sustainable aviation fuel (SAF) projects across Africa. At a conference on African development held in…
