Latest Stories
Nigeria offers expedited divestment approval to oil majors in exchange for environmental responsibility
Oil companies seeking to divest from Nigeria can obtain quicker approval if they take responsibility for environmental clean-ups and offer compensation to affected communities for oil spills.
OPEC chief worried about oil supply disruption amid new US sanctions on Iran
OPEC Secretary General Haitham al-Ghais expressed concern about sanctions targeting the oil cartel’s members, after the United States slapped fresh sanctions on Iran in April.
Nigeria: Shell signs $100mn deal with Oyo government to build gas distribution network
Shell Nigeria Gas (SNG) has signed an agreement worth over $100mn to build and operate a gas supply and distribution infrastructure serving industrial and commercial users in the Oyo State government.
Seplat Energy set to deliver 13 new Nigerian oil & gas wells in 2024
Seplat Energy plc, Nigeria’s biggest oil and gas company by market value, is targeting the delivery of 12 new oil wells and two new gas ones in 2024 across its operated and non-operated assets, according to the company’s unaudited Q1 results.
Saudi ADES secures $161mn deal for jack-up rig in Egypt’s Gulf of Suez
Egyptian energy firm Suez Oil (SUCO) has awarded a contract worth $161mn to Saudi oil and gas drilling services provider ADES Holding for a jack-up drilling rig in the Gulf of Suez for 21 months.
Kazakhstan presents compensation plan for exceeding crude production under OPEC+ agreement
Taiwan contemplates hydrogen future amid renewable energy challenges
Taiwan is deliberating its role in the prospective hydrogen economy while grappling with hurdles in renewable energy sourcing
MOL bows to government pressure on slashing fuel prices on a voluntary basis
Hungary’s motor fuel prices have moved closer to the average in neighbouring countries with the third cut in the wholesale price in less than a week. The government welcomed MOL’s decision to reduce prices at petrol stations from 4 May.
Petrobras delivers first gas production from Santos Basin FPSO
Brazil’s national oil company Petrobras has initiated gas production through the P-68 platform, servicing the Berbigão and Sururu fields in the Santos Basin offshore Brazil.
Indonesia's energy transition programme is a 25-year, $85bn endeavour
Kartika Wirjoatmodjo, Deputy Minister of State-Owned Enterprises, unveiled the status of Indonesia's energy transition programme, marking the longest and most extensive project in the nation's history
BW Energy finalises acquisition of FPSO for Brazilian field deployment
Norwegian FPSO operator BW Offshore has successfully concluded the sale of a floating production, storage, and offloading (FPSO) vessel to BW Energy.
Multibillion-dollar deals inked with petchem plants to make petrol, says senior Iranian MP
The Iranian Oil Ministry has sealed deals worth around $2.7bn with petrochemical plants to produce petrol, a senior lawmaker said, amid growing fuel shortages that are feared to burden the national budget with a deficit.
Petrobras, Rio Grande do Norte state team up on offshore wind pilot project
Brazil’s national oil company Petrobras has entered a Memorandum of Understanding with the State of Rio Grande do Norte to explore the potential for an offshore wind pilot project in Brazil's northeastern region.
MODEC and JGC Corporation complete GHG emissions assessment for FPSOs in Brazil
MODEC and JGC Corporation have concluded a pioneering project aimed at measuring and quantifying emissions of methane and other greenhouse gases from floating production storage and offloading vessels off the coast of Brazil.
India approves Russian firms for marine insurance
According to India's Directorate General of Shipping’s website Sogaz Insurance, Alfastrakhovanie, VSK Insurance have been approved by the Government of India to provide marine insurance to oil tankers
Malaysia's looming energy dilemma of overdependence on imported gas threatens future sustainability
Malaysia stands at a critical juncture in its energy landscape, with Economy Minister Rafizi Ramli warning of dire consequences if the nation fails to expedite its transition towards sustainable energy sources
Indonesia explores bioethanol cooperation with Brazil to advance renewable energy goals
PT Pertamina New & Renewable Energy, a subsidiary of Indonesia's state energy company PT Pertamina, is forging communication channels with Brazil to foster cooperation in bioethanol development
Malaysian PM Anwar Ibrahim clarifies fuel subsidy decision amid speculation
In response to recent speculation regarding the removal of fuel subsidies, Malaysian Prime Minister Anwar Ibrahim clarified that the Cabinet has made no final decision on the matter
Brazil’s Tupi field marks 15 years of operations after 2.6bn barrels in output
In the pre-salt Santos Basin, the Tupi field has marked 15th year of operation after having produced 2.6bn barrels of oil equivalent and currently operating with seven units.
Shorter repair time bolsters gas output at Iran's South Pars
A contracted yearly repair period boosted production in Iran’s colossal South Pars gas field during the past Persian calendar year which ended on March 19, the CEO of South Pars Gas Complex has said.
Norway’s DOF secures $192mn in Petrobras contracts for offshore vessels
Norwegian offshore vessel operator DOF Group has clinched two contracts with Brazil's national oil company Petrobras for over $192mn.
Iran’s monthly oil income drops by 17%, official data shows
Iran’s export revenues from oil and gas condensate dipped significantly in the first month of the Persian calendar year.
Follow us online