Latest Stories

German coal utility RWE cuts Emsland nuclear reactor rods, stretching the limits of the law to secure its coal power investments, say sources

9 October 2023

Management at the German coal utility RWE is reportedly pushing the boundaries of national laws concerning nuclear reactor dismantling. The company is aiming to make the Emsland reactor as difficult to restart as possible.

Korean small modular reactor barge design takes a step forward

9 October 2023

The efforts between HD Korea Shipbuilding & Offshore Engineering (KSOE) and Kepco Engineering & Construction (Kepco E&C) to design a floating offshore nuclear power barge have achieved early approval from the American Bureau of Shipping (ABS).

Crude extraction kicks off in Iran’s Sepehr, Jofeir oilfields

9 October 2023

Iran has begun pumping crude from its Sepehr and Jofeir oilfields in the south-western Khuzestan Province, a lawmaker representing the oil-rich region said on October 8, according to state news agency IRNA.

Iran to raise polymer output by 36% by 2025

9 October 2023

Iran plans to raise its annual polymer production capacity by 36% in less than two years to get a bigger share of the Middle East’s 36mn-tonne pie, a senior manager at Aryasasol Polymer Co. said,

EU LNG imports drop to two-year low in September

9 October 2023

EU LNG imports were down 8% month on month in September, reaching their lowest level in almost two years, as storage volumes are still ample and demand remains subdued, the bloc’s data shows.

Yale experts push back against reports of failure of price cap on Russian oil

9 October 2023

Two experts associated with Yale University that helped advise the US Treasury Department on the Western price cap on Russian oil have pushed back against the notion that the measure has failed.

Indonesian oil & gas company PetroChina reveals environmentally-friendly gas flare utilisation

9 October 2023

The plans of PetroChina International Jabung Ltd (PCJL), an oil & gas work contractor (KKKS), to harness gas flares are considered a step forward in the industry.

CPC oil pipeline set to flow record volume this year

8 October 2023

The Caspian Pipeline Consortium (CPC) system is on track to flow a record 63.7mn tonnes (1.28mn barrels per day) of oil this year, its operator said on October 4.

Leak suspected at Finnish-Estonian gas pipeline

8 October 2023

A subsea natural gas pipeline linking Finland and Estonia was closed early on October 8 after an unusual drop in pressure was recorded that was likely caused by a leak, Finnish operator Gasgrid and Estonian counterpart Elering reported.

Renewables contribute just 1% to Iran’s electricity output

8 October 2023

Renewable energy accounts for only about 1% of Iran's annual electricity generation, as the country is implementing projects to increase the contribution of green energy sources to overcome ongoing electricity supply shortages.

Citing oil production, World Bank lauds Guyana as Caribbean leader for economic growth

7 October 2023

The World Bank has highlighted Guyana’s exceptional economic growth over the past year, and expects it to continue in 2024. The World Bank found that Guyana’s impressive growth rate has been driven by its oil production.