Latest Stories

Australian oil company 88 Energy completes 2D seismic data collection over Namibian asset

24 July 2024

88 Energy Limited (88 Energy) of Australia has announced the completion of 2D seismic acquisition over its oil prospect in Namibia.

New Fortress Energy announces first LNG production offshore Mexico

24 July 2024

US LNG producer New Fortress Energy achieved successful first production of LNG at its Fast LNG asset offshore Altamira, northeastern Mexico.

Petrobras awards Norway’s DOF Group several contracts

24 July 2024

Norwegian offshore supply vessel company DOF Group has won several contracts with Brazil’s national oil company Petrobras for work offshore Brazil.

How energy intensive are data centers?

24 July 2024

While countries like China and the United States had the highest electricity demand by a considerable margin, a new player that rivals the consumption of some of the biggest economies and is bolstered by the ongoing AI hype and data center use.

Ghana’s LPG Marketers Association says it does not oppose CRM

24 July 2024

Ghana’s Liquefied Petroleum Gas (LPG) Marketing Companies Association has said that it is not opposed to the implementation of the National Petroleum Authority’s (NPA) Cylinder Recirculation Model (CRM).

Earth records hottest year since records began

24 July 2024

Sunday, July 21 was the hottest day ever recorded globally in 100,000 years according to the EU climate monitoring service Copernicus, warning that the Climate Crisis is accelerating.

Czech power producer Decci launches largest battery storage system in the country

24 July 2024

The project is located in the Central Bohemian region in Vranany, Melnik district, and combines 30 MW of BESS with another 22.4 MW of gas generators to provide grid balancing services to the transmission system.

Six out of nine “planetary boundaries” have been crossed and a tenth has appeared

24 July 2024

Six out of the nine “planetary boundaries” that track how close humanity is coming to the environmental disaster have been crossed. And now there might be a tenth boundary: the amount of oxygen in oceans is starting to fall.

Bhutan's King and PM visit India’s Gujarat

24 July 2024

King Jigme Khesar Namgyel Wangchuck and Prime Minister Tshering Tobgay of Bhutan began their three-day visit to India’s Western state of Gujarat

Panama scraps major renewable energy tender, citing transparency concerns

24 July 2024

Panama's National Secretariat of Energy has cancelled a significant renewable energy tender, the country's first in a decade and the Central American region's pioneer in incorporating battery storage systems.

Hodeidah oil terminal bombed by Israeli jets

23 July 2024

Yemen’s Hodeidah oil products terminal was bombed on July 21 by Israeli aircraft in response to a July 19 drone attack conducted by Iran-backed Houthi rebels on Tel Aviv.

Iranian steelmakers accuse government of denying them own electricity

23 July 2024

Iranian steelmakers are denied electricity generated by themselves, a union leader said a chronic power shortage, exacerbated by an unprecedented heatwave, is taking a heavy toll on Iranian heavy industries.

Hungary, Slovakia warn of fuel crises after Kyiv partially blocks Russian oil transit

23 July 2024

The government in Kyiv has typically avoided imposing sanctions on Russia that significantly hurt EU member states, though this would mark a rare precedent.

Aliko Dangote says he may give up control of 650,000 bpd refinery

23 July 2024

Aliko Dangote has revealed his frustrations with Nigerian regulatory bodies and the NNPCL

Energean takes FID on Katlan cluster project

23 July 2024

Energean has taken an FID on its Katlan development, which encompasses four fields offshore Israel.

FTC scrutinises US oil executives’ texts for alleged shale cartel

23 July 2024

Executives at Hess, Occidental and Diamondback are having their texts and emails reviewed by the Federal Trade Commission for possible collusion with OPEC, said Bloomberg citing anonymous sources.

Iran producing all petroleum catalysts, says deputy oil minister

23 July 2024

Iran has achieved its goal of mass-producing all the catalysts needed for the petroleum industry under a three-year plan, Deputy Oil Minister for Petrochemicals Morteza Shahmirzaei said.

US oil group Apache discusses expanding investments in Egypt

23 July 2024

President Abdel Fattah El-Sisi met with a delegation from Apache Corporation led by the Chief Executive Officer John Christman, discussing plans to expand and increase the US firm's operation and research in oil and gas production.