Brazil’s Eneva Proposes Merger with Vibra Energia
Brazilian energy company Eneva has proposed a non-binding merger with local fuel distributor Vibra Energia, according to a securities filing.
News / International
China Raises Fuel Oil Imports by 3M Tons
China has recently announced an increase in fuel oil import quotas by 3 million metric tons for non-state firms in 2023, according to a notice released by the country's Ministry of Commerce.
India to Increase LNG Import Capacity
Indian Oil Corp. (IOC), the country's top refiner, plans to double the capacity of its liquefied natural gas (LNG) import terminal at Ennore in southern India.
Brazil’s Petrobras to Invest $102B for Company Revitalization
Brazil's state-run oil company Petrobras has revealed its strategic plan for the years 2024–2028, with a strong emphasis on revitalizing the company and transitioning towards renewable energy sources.
ADNOC Launches Region’s First High-Speed Green Hydrogen Pilot Refueling Station
In line with the UAE's National Hydrogen Strategy, ADNOC has announced the opening of "H2GO," the region's first high-speed green hydrogen pilot refueling station. Located in Masdar City and operated by ADNOC Distribution, the station will test a fleet of zero-emission hydrogen-powered vehicles.
Gazprom Sets New Record for Gas Deliveries to China
Gazprom, Russia's state-owned natural gas company, has set a record for gas deliveries to China as demand continues to rise.
Venezuela Boosts its Oil, Gas Production
Venezuela is currently producing around 850,000 barrels per day (bbl/d) of oil and hopes to reach 1 million bpd in the near future, marking a significant increase from the 786,000 bbl/d output in October.
OPEC+ Delays Meeting to Discuss Oil Output Cuts
OPEC+ has postponed its ministerial meeting from November 26 to November 30, as producers struggled to agree on production levels which will lead to potential reductions, according to Reuters.
Canada to Finance INC in CCS, Green Technologies
Canada's Fall Economic Statement (FES) has announced that the country will finance investment tax credits (ITCs) for carbon capture and storage (CCS) and net-zero energy technologies. This move followed the recently announced subsidies meant to attract more green investment.
Indonesia to Invest $20B in Decarbonization
Indonesia has launched its Comprehensive Investment and Policy Plan (CIPP) to mobilize $20 billion in financing pledged by global lenders, including the United States and Japan.
