Latest Stories

Putinomics: Russia’s oil and gas revenue to double in April

25 April 2024

Russia’s oil and gas revenues surged in the first three months of this year by 79%, but Reuters calculated they will double in April compared to the same month a year earlier, the newswire reported on April 24.

Bolivian gas plant seized in Comarapa amid boundary dispute

25 April 2024

An ongoing boundary dispute triggered the occupation of a gas facility in the Bolivian town of Comarapa. Local residents in the municipality of Santa Cruz accused the National Institute of Agrarian Reform of wrongly delineating community boundaries.

Brazil's solar power soars, represents 18% of national capacity

25 April 2024

Brazil’s solar energy sector already makes up 18% of the country's installed electricity generation capacity, according to the Brazilian Association of Photovoltaic Solar Energy (Absolar).

Eni granted exploration well in Gulf of Mexico

25 April 2024

Eni Mexico has achieved a significant milestone with the approval from Mexico's upstream regulator to commence drilling the exploration well, Yopaat 1, within its Area 9 blocks situated in the deepwater Gulf of Mexico.

Scatec secures PPA for 142MW solar plant in Brazil

25 April 2024

Energy provider Scatec has inked a 10-year power purchase agreement (PPA) with Statkraft Energia do Brasil for a new 142MW solar facility in the state of Minas Gerais.

Helix Energy set to secure $500mn-plus Petrobras contract for well intervention vessel

25 April 2024

Helix Energy Solutions is poised to secure another lucrative contract with Brazil’s national oil company (NOC) Petrobras’ offshore operations.

Eni’s crude and gas production in Egypt down 11.7% y/y in Q1

25 April 2024

Italian supermajor Eni's oil and gas production in Egypt dropped by 11.7% y/y in the first quarter to 293,000 barrels of oil equivalent per day (boe/d).

Madhav Infra Projects secures contract for $39.5mn solar power project in Gujarat

25 April 2024

Madhav Infra Projects announced on April 24 that Gujarat Industries Power Company Ltd has awarded it a letter of intent for a solar power generation project valued at $39.5mn

Missile attack damages power lines, leaves Odesa residents without electricity

25 April 2024

The city of Odesa was rocked by another hostile attack on the morning of April 24, resulting in damage to overhead power lines and leaving some residents without electricity.

Azerbaijan has launched its inaugural auction for renewable energy

25 April 2024

Azerbaijan has unveiled plans for its inaugural renewable energy auction, marking a pivotal moment in the nation's journey towards sustainable power generation.

Petrobras sells Cherne and Bagre fields to Perenco, Buzios surpasses 1bn barrels produced

25 April 2024

Brazil's national oil company Petrobras has reached an agreement to sell its entire stake in the Cherne and Bagre fields, situated in shallow waters in the Campos Basin, to Perenco.

Estonian-Finnish gas link comes back online after six-month closure

25 April 2024

The Balticconnector gas pipeline linking Finland and Estonia has returned to operation after its closure in October last year owing to a rupture.

The models are wrong, climate change is accelerating faster than predicted

25 April 2024

Scientists are starting to realise that the climate models they have been using to predict the rate of global warming are wrong as it becomes clear temperatures are rising faster than predicted.

Japan to retain interests in Russia’s Sakhalin projects

25 April 2024

Japan’s foreign ministry last week reiterated the country’s intention to retain its interests in Russia’s Sakhalin Island oil and gas projects

ADNOC considers investment in AmeriGas

25 April 2024

A unit of the UAE’s state-owned oil major Abu Dhabi National Oil Co. is currently considering an investment in UGI Corp’s AmeriGas – a propane distribution business – according to sources with knowledge of the matter.

Pertamina and Eni SpA forge partnership for international energy projects

25 April 2024

Indonesian state energy giant PT Pertamina made strides toward fortifying the nation's energy security by formalising a Memorandum of Understanding with Eni SpA in the Netherlands on April 19

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