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Japan rules out withdrawing from energy projects with Russia
- Tokyo's crude oil, LNG imports from Russia in 2021 were around 3.6% and 8.8%, respectively
TotalEnergies to stop purchasing oil, petroleum products from Russia
- Decision due to worsening situation in Ukraine; company will cease further capital investment, activities in Russia
G7 energy ministers to discuss efforts to reduce reliance on Russian fossil products
- Move comes after UK announces decision to phase out Russian oil and oil product imports by end of 2022
UK to phase out Russian oil imports by end of 2022
- Britain to work with other oil producers, including US, Netherlands, Gulf, to secure further supplies, say officials
South African court halts Shell’s seismic survey along Wild Coast
- Shell’s planned 3D seismic survey was aimed at exploring potential hydrocarbon reserves beneath seabed
29.12.2021
General
African leaders pledge to play their part in reducing carbon emissions
- Kenya says it is on course to achieve target of 100% use of clean energy by 2030
Lebanon says consortium remains committed to exploration deal
- Deal signed in 2018 covers offshore Blocks 4 and 9
Revenues of oil giants increase 46% in 1H21
- Saudi Aramco, Chevron, Equinor and Lukoil record highest year-over-year revenue rises
Gulf states need more time to diversify away from hydrocarbons: Moody's
- Oil and gas still account for at least 50% of government revenues for most Gulf states, says global rating agency
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Oil giants increase profits to $46 billion in Q121
- BP records highest year-over-year rise in profit
90% African countries to miss COVID-19 vaccination goal: WHO
- ‘Without significant boost in availability of vaccines, only 7 African countries will achieve this goal’
Oil producers should forego trillion-dollar oil income as energy transition strikes
- 2021 will be last year global oil and gas taxes will approach trillion-dollar mark, says energy consultancy Rystad
Syrian regime favors its supporters for oil and gas investments
- Energy sector turns into cost for Syrian regime, as country moves from being exporter to being importer, expert says
Big Oil's proven reserves to run out in less than 15 years
-Slumping discovery rates to threaten financing of big oil companies’ energy transition plans, says energy consultancy Rystad
Total increases income to over $3 billion in 1Q21
- Company fully benefited from rising oil and gas prices, says CEO Patrick Pouyanne
Total buys share in Arctic Transshipment from Novatek
- Arctic Transshipment is Novatek's wholly-owned subsidiary that will operate two LNG transshipment complexes
Total suspends Mozambique gas project over terror attacks
- Northern Cabo Delgado province is rich in natural gas and has attracted companies such as French energy giant
'Africa suffers worst impacts of climate change'
- Fight against climate change must be intensified, serve as development opportunity for Africa
Total, Siemens join forces to reduce carbon emissions
- Companies will focus on natural gas liquefaction facilities and associated power generation
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Global leaders back action on climate change in Africa
- Africa has an opportunity to advance its development exponentially if it invests in climate-smart adapted future, says CEO
Revenues of oil giants decline 35.4% in 2020
- Royal Dutch Shell records highest year-over-year decline in revenue
Oil majors accelerate energy transition policies: Fitch
- European firms plan at least large emission reductions, while US peers focus on reducing emissions in upstream operations
Total, Microsoft unite to achieve zero-carbon emissions
-Total will benefit from Microsoft’s cloud-based AI technologies, while helping Microsoft eliminate diesel fuel dependency
Africa utilizes only 0.01% of its wind power potential
-Total wind capacity in Africa & Middle East at over 7 gigawatts in 2020 avoids 10.7 million tonnes of CO2 emissions annually
Equinor warns strike may hit Norway's oil, gas fields
- Mediation failure on wage talks may result in shut down of offshore production until future notice
Total reports $7.2 billion annual loss in 2020
- Company plans to change its name to TotalEnergies, reflecting its energy transition aim of more energy, less emissions
Turkey: Exploratory talks with Greece 'important step'
- Presidential spokesman says re-starting talks between Greece, Turkey important for balance in Aegean and East Med
S&P warns 13 oil and gas firms of lower credit ratings
- Rating agency says oil and gas companies are under threat of energy transition, price volatility, and weaker profitability