Latest Stories

Woodside CEO: LNG demand to soar 50% in next decade

28 February 2024

Australia’s Woodside Energy Group forecasts LNG demand to skyrocket 50% over the next decade, the firm’s CEO Meg O’Neill told Bloomberg in an interview on February 27.

Iran can become gas hub with Russian partnership, says Iranian ambassador

28 February 2024

Iran could become a gas hub with Russia’s involvement to cover a vast region from West Asia to East and Southeast Asia, Tehran’s ambassador to Moscow said, ahead of a meeting of the Iran-Russia joint economic committee in the Iranian capital.

Germany’s Mukran port receives FSRU, begins trial operations

28 February 2024

Germany’s Baltic Sea industrial port Mukran received the floating storage and regasification unit Energos Power on February 24, operator Deutsche ReGas revealed.

Venezuela and Algeria forge gas sector collaboration amidst bilateral talks

28 February 2024

Venezuelan Petroleum Minister Rafael Tellechea and President of Petróleos de Venezuela (PDVSA) convened with Algerian Energy and Mines Minister Mohamed Arkab in Caracas last week to explore collaborative ventures in the gas sector.

Venezuela seeks debt settlements from Chavez-era Petrocaribe scheme amid economic crisis

28 February 2024

In a bid to address its financial woes amidst economic turmoil, Venezuela is pursuing debt repayments from the Petrocaribe programme, seeking to collect long-overdue dues from its struggling neighbours.

Pemex resumes payments to suppliers

28 February 2024

Mexico’s state-owned energy major Pemex has reportedly resumed partial payments to suppliers, prioritising major oilfield service companies over smaller private producers.

Mexico's oil production reaches yearly low, Pemex fields contribute to decline

28 February 2024

Mexico's oil industry began 2024 with the lowest crude oil and condensate production in a year, registering 1.88mn barrels per day, the lowest since December 2022.

Chubut governor threatens to halt oil exports if state funds withheld

28 February 2024

Chubut Governor Ignacio Torres has warned Argentine President Javier Milei, that his province will cease oil exports if the federal administration continues to withhold a portion of co-participation funding.

Guyana VP rejects notion of sending Guyanese oil to Trinidad in regional energy security push

28 February 2024

Guyanese Vice President Dr Bharrat Jagdeo has dismissed suggestions of sending a portion of the country's oil to Trinidad and Tobago for processing as part of a larger goal of securing regional energy security.

Iran imported $4bn worth of vehicle fuel over 11 months, says a union head

28 February 2024

Iran has imported $4bn worth of vehicle fuel during the current Persian calendar starting on March 21, a union chief said, amid reports of more imports for the looming New Year holiday, Nowruz.

Laos details Luang Prabang Hydro Dam Project, addresses relocation concerns

28 February 2024

The Lao Ministry of Energy recently hosted a meeting to share information about the Luang Prabang Hydroelectric Dam project on the Mekong River.

CIP aims to spark Vietnam's offshore wind industry with La Gan project

28 February 2024

Copenhagen Infrastructure Partners, a major global renewable energy investor, is forging ahead with plans to develop Vietnam's offshore wind power industry, using the La Gan project in Binh Thuan province as a catalyst

PLN partners with BYD Motor to accelerate home charging services in Indonesia

28 February 2024

State-owned electricity company PT PLN has once again forged a collaboration with electric vehicle manufacturers to offer home charging services.

US levies more sanctions on Russian LNG industry targeting shipyards

28 February 2024

The US Department of State imposed fresh sanctions on Russia’s LNG industry on February 24, the second anniversary of Russia’s invasion of Ukraine.

Azerbaijan to serve as north-south climate finance "bridge" at COP29

28 February 2024

Azerbaijan aspires to position itself as a “bridge” for climate finance between the global south and the global north.

Repairs at Nizhny Novgorod refinery to continue for several more months

28 February 2024

Unplanned repairs at Lukoil’s 365,000 barrel per day refinery in Nizhny Novgorod are expected to drag on for several more months.

BP pushes on in Azerbaijan

28 February 2024

BP and its partners have started production at the East North flank of the Shah Deniz gas field off the coast of Azerbaijan.

European gas prices slide to lowest point since early 2021

28 February 2024

European natural gas prices have plummeted to levels not seen since 2021, as the continent nears the end of a mild winter with record levels of gas in storage and access to ample LNG supply.

Denmark ends probe into Nord Stream blasts

28 February 2024

Denmark has followed Sweden in ending its investigation into the explosions in 2022 that burst the Nord Stream gas pipelines.

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