France has revealed an ambitious strategy to amplify its offshore wind capacity, signaling a determined effort to make as much progress as neighboring nations in meeting climate objectives. In an announcement during a visit to Saint-Nazaire on the Atlantic coast, Finance Minister Bruno Le Maire unveiled a comprehensive plan encompassing tenders and incentives aimed at increasing its offshore wind capacity sixfold by 2035. This ambitious endeavor comes as a response to the wind industry's recent struggles with escalating costs and supply-chain bottlenecks.…

2 de mayo de 2024.- El presidente del Parlamento de Líbano, Nabih Berri, denunció hoy la agresión israelí y el uso de armas prohibidas internacionalmente contra localidades de la nación levantina. Al recibir a la titular de la Comisión Europea, Ursula von der Leyen, y el presidente de Chipre, Nik...

  Russia’s energy behemoth Gazprom announced with great fanfare in early 2024 that it had overtaken Turkmenistan as China’s largest supplier of natural gas in terms of volume. But when it comes to export earnings, Ashgabat still tops Moscow. The Turkmen portal, Oil & Gas, reports that during the first quarter of this year, Ashgabat generated $2.4 billion in income from gas exports to China. That figure was confirmed by Daryo, Uzbekistan’s most popular news website. The Daryo report noted that Russia earned $2 billion…

Russia's Gazprom Group, a state-controlled energy giant, has disclosed its first annual net loss in 23 years, signaling a significant shift in financial performance attributed to dwindling gas shipments to Europe and pricing pressures. In the wake of restricted gas flows to Europe, historically Gazprom's primary market, and plummeting gas prices exacerbated by geopolitical tensions, Gazprom Group, which encompasses oil and power ventures alongside its core gas operations, reported a substantial 629 billion-ruble ($6.84 billion) loss for the fiscal…

Russia's Gazprom Group, a state-controlled energy giant, has disclosed its first annual net loss in 23 years, signaling a significant shift in financial performance attributed to dwindling gas shipments to Europe and pricing pressures. In the wake of restricted gas flows to Europe, historically Gazprom's primary market, and plummeting gas prices exacerbated by geopolitical tensions, Gazprom Group, which encompasses oil and power ventures alongside its core gas operations, reported a substantial 629 billion-ruble ($6.84 billion) loss for the fiscal…

2 de mayo de 2024.- Tras reunirse cen Cochabamba, el Pacto de Unidad del ala “evista” anunció que está otorgando un plazo hasta el 18 de mayo para que las autoridades atiendan sus demandas, porque de lo contrario comenzará las movilizaciones en junio. Los “evistas” exigen que se vayan los magistr...

As host of COP27 two years ago, Egypt saw a flurry of announcements for large scale green hydrogen production mostly in the huge Suez Canal Economic Zone (SCZone) that straddles the ship canal from Port Said to the Gulf of Suez. The proposals draw upon Egypt’s rich solar and wind resources to power electrolysis, anticipating ammonia and other hydrogen derivative exports. At COP27, the government hailed the signing of eight framework agreements with companies including ACWA Power, Alfanar, Masdar, Scatec, TotalEnergies, and others. The hydrogen…

2 de mayo de 2024.- Continúa en gran parte de Venezuela cielo parcialmente nublado alternando con zonas poco nubladas exceptuando en Amazonas, Bolívar, Guayana Esequiba, oeste de Lara, Falcón, Apure, Barinas, Andes y Zulia, donde se aprecian células convectivas de evolución rápida, productoras de ll...

The Taliban, who govern Afghanistan, are working with Kazakhstan and Turkmenistan to create a regional energy trade hub that would facilitate oil sales from Russia to South Asia, Taliban acting commerce minister Nooruddin Azizi told Reuters this week. Representatives of Afghanistan, Kazakhstan, and Turkmenistan have recently discussed in Kabul the idea of creating an energy and logistics hub in the Herat province in western Afghanistan. The three countries plan to invest in the hub, which is expected to be a hub for oil from Russia to the…

The Taliban, who govern Afghanistan, are working with Kazakhstan and Turkmenistan to create a regional energy trade hub that would facilitate oil sales from Russia to South Asia, Taliban acting commerce minister Nooruddin Azizi told Reuters this week. Representatives of Afghanistan, Kazakhstan, and Turkmenistan have recently discussed in Kabul the idea of creating an energy and logistics hub in the Herat province in western Afghanistan. The three countries plan to invest in the hub, which is expected to be a hub for oil from Russia to the…

The Taliban, who govern Afghanistan, are working with Kazakhstan and Turkmenistan to create a regional energy trade hub that would facilitate oil sales from Russia to South Asia, Taliban acting commerce minister Nooruddin Azizi told Reuters this week. Representatives of Afghanistan, Kazakhstan, and Turkmenistan have recently discussed in Kabul the idea of creating an energy and logistics hub in the Herat province in western Afghanistan. The three countries plan to invest in the hub, which is expected to be a hub for oil from Russia to the…

2 de mayo de 2024.- Los colegios electorales abrieron este jueves en Inglaterra y Escocia donde tienen lugar las elecciones municipales en 107 de los 317 ayuntamientos del país. Las elecciones municipales son percibidas en este país como un instrumento para medir la popularidad del gobernante Par...

Having adversely intervened in virtually every other M&A deal in the past 3 years, the Biden FTC will reportedly allow Exxon's $60 billion purchase of Pioneer to go through after the companies agreed to minor concessions, Bloomberg reported citing people familiar with the matter. The announcement of the deal will likely come any moment, and the resulting deal will make Exxon - a company which Biden once said makes money money than god - far and away the biggest oil and natural gas producer in the Permian Basin, North America’s largest…

2 de mayo de 2024.- Como parte de la operación Escudo Bolivariano 2024, efectivos de la Fuerza Armada Nacional Bolivariana (FANB) derribaron este miércoles dos aeronaves que incursionaron en el estado Apure de manera hostil y sin ningún tipo de permisología. Así lo informó el jefe del Comando Est...

Canadian Natural Resources (NYSE: CNQ), the top oil and gas producer in Canada, reported lower-than-expected earnings for the first quarter, dragged down by weaker prices for synthetic crude oil and natural gas. Canadian Natural Resources reported on Thursday adjusted net earnings per share of US$1.00 (C$1.37), compared to the average analyst estimate of US$1.08 (C$1.48) per share, according to LSEG data cited by Reuters. While realized prices for crude were slightly higher than in Q4 2023, the realized natural gas prices and synthetic…

Canadian Natural Resources (NYSE: CNQ), the top oil and gas producer in Canada, reported lower-than-expected earnings for the first quarter, dragged down by weaker prices for synthetic crude oil and natural gas. Canadian Natural Resources reported on Thursday adjusted net earnings per share of US$1.00 (C$1.37), compared to the average analyst estimate of US$1.08 (C$1.48) per share, according to LSEG data cited by Reuters. While realized prices for crude were slightly higher than in Q4 2023, the realized natural gas prices and synthetic…

The United Arab Emirates state-owned oil company, Adnoc, has updated its maximum crude oil production capacity figure—and without much fanfare. ADNOC has quietly updated the figure on its website but did not make an official announcement. The new capacity is 4.85 million barrels per day (bpd)—up from the 4.65 million bpd that it published in 2023. Its published natural gas production capacity is 11.5 bcf per day. ADNOC has plans to increase its oil production capacity to 5 million bpd by 2027—a target the state-owned…

2 de mayo de 2024.- Agentes con equipos antimotines derribaron una barricada de madera que protegía el campamento levantado en el campus y arrastraron las carpas, según constató la AFP. Vistiendo cascos blancos, los manifestantes se tomaron de las manos y formaron una fila frente a los policías, que...

2 de mayo de 2024.- Una ley que prohíbe el aborto después de seis semanas de embarazo, una de las más restrictivas de Estados Unidos, entró en vigor este miércoles en Florida, en lo que el presidente Joe Biden calificó como una “pesadilla” impulsada por su rival y predecesor Donald Trump. Trump s...

Norway saw cash flow from its stakes in oil and gas fields nearly halve in the first quarter of 2024 compared to the same period of 2023, as natural gas prices slumped and gas consumption in Europe was below expectations, said state company Petoro, which manages field holdings of Western Europe’s top oil and gas producer. In the first quarter of the year, Petoro delivered a cash flow of $5.4 billion (60 billion Norwegian crowns) from the State's Direct Financial Interest (SDFI) to Norway. The cash flow was $5.14 billion (57 billion…