Russia’s fuel oil shipments went mostly to Saudi Arabia and India in July as Asia and the Middle East remain the key outlets for Moscow’s fuel oil and vacuum gasoil (VGO) amid import bans and embargoes in the West. Russia’s oil products have been banned in the EU and other Western countries since 2023, so...
Category: International
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How Artificial Intelligence Is Both Driving and Derailing Decarbonization
Will Artificial Intelligence be the downfall of the clean energy transition, or the catalyst that makes it possible? The answer is complicated, and somehow contains a bit of both. Training the large language models that power AI is incredibly energy-intensive, and as models like ChatGPT and DeepSeek become increasingly complex, each individual query can rack...
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Trump withholds Venezuelan oil approval for non-U.S. majors
Bloomberg) — The Trump administration is withholding approval for several Western oil majors seeking to operate in Venezuela, ramping up pressure on Nicolás Maduro’s government even as Chevron Corp. is allowed to work there, according to people familiar with the matter.The pause is focused on non-U.S. firms, leaving companies including Spain’s Repsol SA, Italy’s Eni...
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South Korea seeks to revise nuclear energy pact with US, eyeing enrichment and reprocessing
Diplomatic sources said that discussions are underway on nuclear energy cooperation between the two countries, and that it may be discussed at next week’s summit. could resolve the issues it faces by actively participating in the US’ efforts and supporting its attempts to revitalize its nuclear energy industry,” Jun said. Given that the agreement is...
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Norway oil output hits 10-year high from new Equinor field
Norway’s monthly oil production jumped to the highest in over a decade last month, following the ramp-up of Equinor’s new Johan Castberg field in the Barents Sea. The country’s output rose 17% from June to 1.96 million barrels a day, the Norwegian Offshore Directorate said in a statement Wednesday. That was the highest in data...
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Kazakhstan to pursue Eni-Shell consortium for multibillion dollar fine.
Authorities insist the North Caspian Operating Company breached Kazakh environmental regulations in 2022. Reports say authorities in Kazakhstan are preparing to resume efforts to impose a multibillion dollar fine on the Eni and Shell-led operator of the country’s second largest oilfield, Kashagan, after a local court annulled an original decision to penalise the company. Kazakhstan...
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Why Cape Town Faces Long Planned Power Outages And How Residents Can Prepare
Cape Town and other South African cities frequently experience planned power outages lasting several hours, often stretching to 8–10 hours, as municipalities conduct critical infrastructure maintenance. While these interruptions can be frustrating, they play a vital role in safeguarding the stability of the local grid and preventing larger unplanned blackouts. Planned outages differ fundamentally from...
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Ukrainian Drones Hit Another Russian Oil Refinery
A Lukoil refinery in the Russian city of Volgograd is on fire after being hit by Ukrainian drones overnight, Andrey Bocharov, governor of the Volgograd region, said on Tuesday. The Volgograd refinery is Lukoil’s second-biggest crude processing facility in Russia and a key fuel supplier to the southern federal district in the country.Russia has said...
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Karpowership and Seatrium unveil LNGTS Americas
Karpowership and Seatrium launch LNGTS Americas and sign LoI for Next-Gen floating power projects. Karpowership and Seatrium, while strengthening their strategic partnership with next-generation Powership and LNG Terminal Ship (LNGTS) conversions, also celebrated the naming of Karadeniz LNGTS Americas, the fifth member of Karpowership’s LNGTS fleet. Karadeniz LNGTS Americas will join the growing fleet of...
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Namport cancels developer bid for Lüderitz oil and gas supply base
The Namibian Ports Authority (Namport) has cancelled the developer bid for the planned oil and gas supply base at Lüderitz Bay, citing confusion among the public and stakeholders over the ongoing Environmental Impact Assessment (EIA).Namport’s Marketing and Stakeholder Engagement Manager, Cliff Shikuambi, said the decision was necessary to address misconceptions surrounding the project. “One critical...