Free Top Stories

AfrOil: Eni acquires BP’s upstream Algerian assets

Italy’s Eni has reached agreement with BP (UK) on the acquisition of the latter company’s upstream assets in Algeria.

LatAmOil: Petrobras considers offering CCS services to third parties

Brazil’s national oil company Petrobras is looking into the possibility of broadening the scope of its carbon capture and storage programme and may begin offering services to third parties.

DMEA: Italy receives first cargo of Kuwaiti ULSD

Kuwait Petroleum International (KPI), a downstream subsidiary of Kuwait Petroleum Corp. (KPC), has delivered its first batch of ultra-low-sulphur diesel (ULSD) fuel to Italy.

Bulgaria offers electricity-for-gas exchange to Azerbaijan

As Sofia struggles to secure gas for the winter, caretaker Economy Minister Nikola Stoyanov offers to export electricity to Azerbaijan in exchange for more natural gas.

EU energy ministers clash over Russian gas price cap proposal

Member states move towards general price cap on gas imports, though details have still to be worked out.

MEOG: OPEC+ makes a cut

Ukraine continues fierce counter-offensive in the East but Russia strikes major thermal power plant

Over the weekend, Ukraine continued its fierce counter-offensive on the eastern front, which saw Russian lines crumble in Kharkiv. The Ukrainian Armed Forces have retaken over 3,000 square km since the start of September.

GUSTAFSON: Russian oil exports – are sanctions working?

Six months after the beginning of the Russian invasion, the “Devil’s Dance” of Western sanctions and Russian oil exports and revenues has barely begun. The main contest still lies ahead.

Proposed gas price cap prompts EU discord and Russian threats

The EU has proposed capping the price of Russian natural gas, as Brussels doubles down on efforts to hamper Moscow’s ability to finance its war in Ukraine.

Fondul Proprietatea selects investment banks for Hidroelectrica IPO

After years of delays, the IPO of Romania's largest electricity producer Hidroelectrica is expected by the end of June 2023.

Sanctions leakage: pipes and tankers

After about two months of problems caused by oil traders self-sanctioning, Russia’s oil exports have largely recovered and replaced most of the fall in demand in Europe with new buyers in Asia. The challenge Moscow now faces is how to get it there.

Does Ukraine have enough gas to survive winter? Sergiy Makogon, CEO of GTSOU, says the answer is yes

Can Ukraine keep its citizens warm this winter? In Kyiv and across the country, many are asking this question as the heating season approaches and the gas storage tanks are still lacking crucial reserves.

Iran now has means to enrich sufficient uranium for nuclear bomb within weeks, says UN watchdog

Government daily, meanwhile, says “winter will bring the West to its senses”, implying Europe, US need nuclear deal relaunch to unlock Iranian energy supplies.

AsiaElec: Itochu and Sasol agree next-gen hydrogen and ammonia deal

INA chairman tenders resignation after corruption scandal

Chairman of the oil and gas company offered to step down after Croatia’s anti-corruption body made five arrests in a high-profile fraud case.

Czechia pushes for more connections to LNG terminals

Czechia and Poland will resume work on the Stork II pipeline bringing gas from the Polish LNG terminal at Swinoujscie to Libhost in Czechia’s northern Moravian region.

ENERGO: UK investors plan 450-MW wind farm in Romania

Belarus increases oil production and plans common oil market with Russia

Amid the EU’s current energy crisis, Belarus and Russia are expanding their energy co-operation and Belarus is even increasing its oil production despite Western sanctions against its oil exports.

REM: US shipments of solar PV modules reached a record peak in 2021: EIA

GLNG: Peru LNG sends three cargoes to UK in August

Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, resumed exports in August following a planned shutdown for maintenance in July.

INTERVIEW: "The European gas crisis is caused by Gazprom, they don't want to supply gas" – Sergiy Makogon, CEO of GTSOU

Fears of a brutal winter are sending chills through Europe, even more so after Russia stopped gas flows through Nord Stream 1 indefinitely last week citing an alleged oil leak.

Russia-China trade up by a third this year, on course for $200bn

Russo-Chinese trade turnover was up by 31.4% in the first eight months of this year to $117bn and is on course to hit $200bn, the General Administration of Customs of China reported on September 7.

AfrElec: Bboxx acquires solar group PEG Africa

Kazakh copper kings ride the drive for net zero

Electric vehicle revolution has transformed the copper business. Surplus of metal likely to swing to deficit in coming years.

S&P cuts Kazakhstan outlook to negative amid fears of Russian hand on oil export tap

Oil accounts for around 15% of Kazakh GDP. Russia has ability to block pipeline via which its neighbour transits 80% of its crude bound for global markets.