OPEC+ to reduce output by 1.7 mn bpd until the end of1Q24
OPEC+ announced additional voluntary production cuts and an extension to existing reductions into 2024
Industry
Fertiglobe ships renewable ammonia to HUL from its Egypt facility
Fertiglobe, the strategic partnership between ADNOC and OCI Global, announced that it has completed the first shipment of the world’s first internationally recognised renewable ammonia with ISCC PLUS (International Sustainability and Carbon Certification) certification
Zenith Energy signs MoU with Nile Services & Logistics Company (NLC) for pipelines and storage tanks
Zenith Energy has signed a Memorandum of Understanding with Nile Services and Logistics Company (NLC), a subsidiary of Nile Petroleum Corporation, the national oil company of the Republic of South Sudan
DNV initiates joint project with industry leaders to decarbonise power transformers
DNV, an independent energy expert and assurance provider, has initiated an innovative Joint Industry Project (JIP) in collaboration with Siemens Energy and other key industry players
Governments to increase fossil fuel production until 2030, finds report by UNEP and others
A new report finds that governments plan to produce around 110% more fossil fuels in 2030 than would be consistent with limiting warming to 1.5°C, and 69% more than would be consistent with 2°C
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