Latest Stories

Dangote Refinery gasoline set to cost more than imported fuel

17 September 2024

Gasoline produced at the Dangote Oil Refinery in Nigeria will not be cheaper than imported fuel, the Nigerian National Petroleum Company Ltd (NNPCL) has announced.

Western Balkans coal power plants still pumping out toxic emissions

17 September 2024

Bankwatch report finds little being done to phase out coal in region despite commitments to reduce emissions.

Serbia plans to increase Russian gas purchases

17 September 2024

Serbia has proposed increasing its gas imports from Russia before the current contract expires in March 2025, Serbian Deputy Prime Minister Aleksandar Vulin stated in an interview with Izvestia, Tass news agency reported on September 13.

Turkey to ink LNG contract with TotalEnergies

17 September 2024

Turkey is expected to agree to a long-term LNG deal with France’s TotalEnergies.

Pakistan to request Qatar to cut LNG supplies

17 September 2024

Pakistan is preparing to formally request Qatar reduce its liquefied natural gas (LNG) supplies to alleviate pressure on its gas utilities.

Cambodia eyes $10mn revenue from carbon credit sales

17 September 2024

Cambodia anticipates generating approximately $10mn from the sale of carbon credits derived from its forested areas.

JSW Energy commissions 300-MW wind power project in India's Tamil Nadu

17 September 2024

Mumbai-listed power producer JSW Energy’s subsidiary, JSW Renew Energy Two Limited, has commissioned a 300-MW wind power project, connected to the Inter State Transmission System, awarded by the Solar Energy Corporation of India in Tamil Nadu.

India is set to produce 31 GW of hydropower in the coming years, says PM Modi

17 September 2024

India is set to produce 31 GW of hydropower in the coming years, with a projected investment of INR120bn ($1.43bn), according to Prime Minister Narendra Modi.

Vietnam’s nascent LNG sector tasked with growing role in energy sector

17 September 2024

During a recent seminar in Vietnam’s capital, Ho Chi Minh City earlier this month experts pointed to the country’s growing population and its need for economic growth to emphasise Vietnam’s looming need for natural gas

MidOcean Energy increases stake in Peru LNG

17 September 2024

MidOcean Energy, an LNG company formed by US private equity fund EIG, has raised its stake in Peru LNG.

Texas LNG moves towards FID following new offtake agreement

17 September 2024

Texas LNG Brownsville has secured another offtake agreement giving it sufficient contractual commitments to move ahead with the final investment decision.

US asset fund buys stake in Trans-Adriatic gas pipeline

16 September 2024

US asset management fund Apollo Funds is to buy a non-controlling stake in the BP subsidiary that controls a 20% interest in the Trans-Adriatic Pipeline that flows Azeri gas to Europe.

Petroineos confirms decision to close Scotland's only oil refinery

16 September 2024

Scotland’s only oil refinery, the UK’s oldest, is due to close permanently next year, at a cost of 400 jobs.

Iran produces low-quality petrol to make up for fuel shortage, leading refinery says

16 September 2024

The Persian Gulf Star Oil Co. (PGSOC), Iran’s main vehicle fuel supplier, has been forced to make low-quality cheap petrol despite having the ability to roll out high-octane fuel, said the CEO of a state-run investment firm that owns the refinery.

SBM Offshore to deliver two large vessels to Petrobras

16 September 2024

Dutch firm SBM Offshore is set to dispatch two large oil vessels to Brazil, while the country’s national oil company Petrobras is planning tenders for similar units to boost its crude oil output.

Partners working to raise output at PNZ’s Wafra

16 September 2024

Kuwiat and Saudi Arabia are working to raise oil production from the Wafra oilfield

Novatek denies links to LNG shadow fleet

16 September 2024

Russia’s Novatek has denied any ties to the shadow fleet that has been collecting LNG cargoes from the Arctic LNG-2 project.

Germany vows to investigate Nord Stream bombings without bias

16 September 2024

German Chancellor Olaf Scholz has vowed that Berlin will investigate the 2022 sabotage of the Nord Stream pipelines, without bias.

North Macedonia’s minister hints at delaying coal phase-out to 2050

16 September 2024

North Macedonia may postpone its coal phase-out deadline by 20 years, extending it to 2050, according to first deputy PM and Minister of Environment and Spatial Planning, Izet Mexhiti.

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