Latest Stories

Mozambique extends Matola Gas pipeline concession 15 years

20 June 2024

Mozambique has extended a pipeline concession held by the Matola Gas Company (MGC) for the transport of gas from the administrative post of Ressano Garcia, on the border with South Africa.

OMV Petrom confirms new gas target and tweaks decarbonisation mix under updated Strategy 2030

20 June 2024

Romania’s energy group OMV Petrom confirms the new gas targets based on the Neptun Deep offshore project while adding adjacent Han Asparuh project currently in an exploration phase, and revises the mix of instruments in zero carbon business lines.

Czech Tesla promises €90mn factory for power storage in Romania ready by June 2025

20 June 2024

With an eight-month delay, the construction works at the power storage devices factory developed by Czech group Tesla in Romania at Braila will begin in July and will be ready by mid-2025, stated investor’s representatives.

Vietnam's PTSC rides offshore wind boom despite profit downturn

20 June 2024

Vietnam Petroleum Technical Services Joint Stock Corporation (PVS) is experiencing a surge in offshore wind farm construction, even as it forecasts lower profits for 2024

Vietnam and Russia strengthen nuclear cooperation amid strategic partnership

20 June 2024

Prime Minister Pham Minh Chinh of Vietnam reaffirmed the nation's commitment to its Comprehensive Strategic Partnership with Russia during a recent meeting with Russian President Vladimir Putin

Ghana’s cylinder recirculation model picks up speed

20 June 2024

Ghana’s Cylinder Recirculation Model is expanding across the country, with LPG cylinders on their way to new designated exchange centres

Vietnam's path to net zero: optimising costs for a sustainable future

20 June 2024

A comprehensive report titled "Vietnam Energy Outlook - Road to Zero Net Emissions", outlines a strategic scenario for Vietnam to achieve carbon neutrality by 2050

Indonesia continues with Kayan Cascade hydropower project despite partners leaving

20 June 2024

Kayan Cascade hydropower project in Bulungan Regency, North Kalimantan, is making steady progress despite encountering significant obstacles, such as the recent withdrawal of key international partners PowerChina and Sumitomo

Seoul on the hunt for subsurface nuclear research facility

20 June 2024

South Korea's Ministry of Trade, Industry and Energy and the Korea Radioactive Waste Agency have issued a call for proposals to identify potential sites for an underground laboratory dedicated to high-level radioactive waste disposal

Australian opposition leaders reveal nuclear plans

20 June 2024

The leaders of Australia's opposition have unveiled plans to introduce nuclear energy across the country, identifying seven locations for potential nuclear power plant sites.

Ukraine's solar energy potential requires €5bn investment by 2030

19 June 2024

Ukraine has significant potential to expand its solar energy sector, requiring nearly €5bn in investments by 2030, according to a study by Berlin Economics.

Venezuela's imminent loss of Citgo – an existential crisis

19 June 2024

Venezuela stands on the brink of losing one of its most prized assets, Citgo Petroleum Corp., following a protracted legal battle in the US grounded in the country's tumultuous economic and political history.

Petrobras CEO again touts Equatorial Margin, laments lack of progress

19 June 2024

Petrobras' newly appointed CEO, Magda Chambriard, has said that the company lost 10 years by not exploring the Equatorial Margin.

Cash-strapped Bolivia hopes to transport gas from Argentina to Brazil

19 June 2024

Bolivian state-owned oil company YPFB is preparing to facilitate the transport of natural gas from Argentina's Vaca Muerta field to the Brazilian market.

Venezuela's National Assembly convenes amidst Citgo US seizure controversy

19 June 2024

Venezuela's National Assembly convened for its regular session on June 18, addressing the contentious issue of the US court-mandated auction sale of PDVSA-owned Citgo Petroleum and subsequent sanctions that have crippled the country's economy.

Venezuela's National Assembly mulls extending Chevron-PDVSA venture to 2047

19 June 2024

Venezuela's National Assembly initiated discussions on June 17 regarding a proposal to extend a contract between state-run oil company PDVSA and US energy behemoth Chevron until 2047, aiming to prolong their joint venture allowed by a US waiver.

Trinidad and Tobago oil production drops by 11% in first quarter of 2024

19 June 2024

Trinidad and Tobago's oil output fell by 11% y/y in the first quarter of 2024, data from the Ministry of Energy and Energy Industries showed.

Guyanese legislation provides boost to local oil sector companies

19 June 2024

Local Guyanese companies in the oil sector received a significant boost with a new policy doubling the emphasis on local content in bid evaluations from 5% to 10%.

Oil leak detected in Trinidad and Tobago's Gulfstream barge

19 June 2024

Authorities in Trinidad and Tobago have confirmed an oil leak from the Gulfstream barge that capsized off the coast of the island of Tobago.

Ecuadorian pipeline halts operations amid river erosion concerns

19 June 2024

The Heavy Crude Oil Pipeline ceased operations on Monday as a precautionary measure following accelerated erosion along a stretch of the Quijos River, where a portion of its infrastructure traverses due to recent heavy rains.

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