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Julie Wasolua

  • Populaires sur energynews.pro
Equans launches new entity for industries with complex processes
Levanta Renewables and Triconti launch major onshore wind project in the Philippines
BP restarts Olympic pipeline after leak, increasing pressure on safety
Dangote claims 100% of Nigerian petrol supply and demands priority access to crude
AfDB grants $7.41mn to Liberia to complete hydroelectric power plant
Hungary doubles oil shipments to Serbia amid US sanctions on refinery
Hungary increases oil product exports to Serbia to offset the imminent shutdown of the NIS refinery, threatened by US sanctions over its Russian majority ownership.
Pemex increases domestic refining despite continued decline in crude oil production
Faced with falling oil production, Pemex is expanding local refining through Olmeca, aiming to reduce fuel imports and optimise its industrial capacity under fiscal pressure.

Petrobras cuts investment to $109 bn in new five-year plan

Brazil’s state oil company will reduce its capital spending by 2%, hit by falling crude prices, marking a strategic shift under Lula’s presidency.
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TotalEnergies sells Bonga stake for $510mn to Shell and Eni
TotalEnergies has finalised the sale of its 12.5% stake in Nigeria’s offshore Bonga oilfield for $510mn, boosting Shell and Eni’s positions in the strategic deepwater production site.
Belgrade begins legal procedure to seize Moscow-controlled Serbian refinery
Serbia is preparing a budget law amendment to enable the takeover of NIS, a refinery under US sanctions and owned by Russian groups, to avoid an imminent energy shutdown.

Hydro to close five European extrusion sites to strengthen competitiveness

Norsk Hydro plans to shut down five extrusion plants in Europe in 2026, impacting 730 employees, as part of a restructuring aimed at improving profitability in a pressured market.
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Dalkia wins control of Paris district heating network in €15bn, 25-year deal
The City of Paris has awarded Dalkia the concession for its urban heating network, a €15bn contract, ousting long-time operator Engie after a five-year process.
Dangote selects Honeywell to expand refinery capacity to 1.4 million barrels/day
Nigeria’s Dangote refinery selects US-based Honeywell to supply technology that will double its crude processing capacity and expand its petrochemical output.

Baghdad maintains oil output by isolating sanctioned Russian assets

Iraq secures production by bypassing US sanctions through local payments, energy-for-energy swaps, and targeted suspension of financial flows to Lukoil to protect West Qurna-2 exports.
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NU E Power finalises acquisition of 500 MW in assets and appoints new CEO
NU E Power Corp. completed the purchase of 500 MW in energy assets from ACT Mid Market Ltd. and appointed Broderick Gunning as Chief Executive Officer, marking a new strategic phase for the company.
BP partially restarts Olympic Pipeline but leaves 60% of capacity offline
Restarting Olympic Pipeline’s 16-inch line does not restore full supply to Oregon and Seattle-Tacoma airport, both still exposed to logistical risks and regional price tensions.

India’s Russian oil imports to drop sharply from December

Faced with tightened sanctions from the United States and European Union, Indian refiners are drastically reducing their purchases of Russian crude from December, according to industry sources.
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BB Energy restructures Houston operations and cuts oil trading staff
Commodities trader BB Energy has cut over a dozen jobs in Houston and will shift some administrative roles to Europe as part of a strategic reorganisation.
Serbia’s Pancevo refinery faces shutdown as US sanctions cut crude supply
Serbia’s only refinery, operated by NIS, may be forced to halt production this week, weakened by US sanctions targeting its Russian shareholders.

Ferrari signs ten-year contract with Shell for green electricity supply

Ferrari has entered into an agreement with Shell for the supply of 650 GWh of renewable electricity until 2034, covering nearly half of the energy needs of its Maranello site.
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Iberdrola reshapes its portfolio to become a leader in transatlantic regulated networks
By divesting assets in Mexico, France and Eastern Europe, Iberdrola reduces exposure to non-strategic markets to strengthen its positions in regulated networks in the United Kingdom, the United States and Brazil, following a targeted capital reallocation strategy.
Iberdrola launches a public offer to acquire 100% of Neoenergia in Brazil
Iberdrola offers to buy the remaining 16.2% of Neoenergia for 32.5 BRL per share, valuing the transaction at approximately €1.03bn to simplify its Brazilian subsidiary’s structure.

Paratus receives $38mn payment in Mexico through government fund

Paratus Energy Services collected $38mn via its subsidiary Fontis Energy for overdue invoices in Mexico, supported by a public fund aimed at stabilising supplier payments.
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CrossBoundary Energy raises $200mn with Standard Bank and MIGA guarantee for industrial projects in Africa
CrossBoundary Energy secures a $200mn multi-project debt facility, backed by Standard Bank and a $495mn MIGA guarantee, to supply solar and storage solutions for industrial and mining clients across up to 20 African countries.
Cameroon: Glencore records a 31% drop in oil volumes
Glencore's attributable production in Cameroon dropped by 31% over nine months, adding pressure on public revenues as Yaoundé revises its oil and budget forecasts amid field maturity and targeted investment shifts.
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