Latest Stories

Nigeria: Supplies of oil from Oza field help Edo modular refinery boost production

2 April 2023

The Edo modular oil refinery in southern Nigeria has increased production by processing crude sourced from the Oza field.

Nigerian oil minister reported to have resigned

2 April 2023

Timipre Sylva, Nigeria’s Minister of State for Petroleum Resources, is reported to have resigned his post, Argus Media said on March 31.

Russian electricity exports to China and Mongolia expected to grow in 2023

31 March 2023

Russia's Deputy Energy Minister Pavel Snikkars says that electricity exports to China and Mongolia are set to grow in 2023. He said: "As regards the destination of China and Mongolia, I believe the indicator will stay flat or have a minor increase."

Hungary raises gas security reserves to avoid €1.8bn loss

31 March 2023

Hungary booked the contract at peak prices in August, which would mean the state-owned Hungarian Hydrocarbon Stockholding Association would incur a €1.8bn loss unless the gas was taken into reserves.

RSD5bn heating energy PPP agreement signed in Serbia’s Vranje

31 March 2023

A agreement has been signed for a public-private partnership aimed at the long-term provision of heating energy in the city of Vranje, the municipality said in a press release.

Algeria, France to resume gas exports talks as presidents meet in May

31 March 2023

Algeria and France are expected to resume negotiations for supplying an additional Algerian share of gas to France when two presidents meet in Paris in early May.

Ukrnafta to increase oil production to 1.45mn tonnes

31 March 2023

Ukrnafta, the largest oil and gas producer in the country, plans a 6% increase in oil production this year to 1.45mn tonnes of oil, Ukranews reported on March 30.

QatarEnergy to partner in two ExxonMobil offshore blocks off Canada

30 March 2023

QatarEnergy has agreed to partner on two promising ExxonMobil deepwater exploration blocks off Newfoundland and Labrador in Atlantic Canada.

Pemex, Talos in deal for Zama development

30 March 2023

Mexico’s NOC is touting a new arrangement that is supposed to allow its privately-owned US, German and UK partners the ability to collaborate in upstream decisions.

Bayphase awarded consultancy contract for review of Uaru field development plan, ESIA

30 March 2023

Guyana has hired Bayphase Ltd, a UK-based consultancy, for the review and evaluation of the work plan for Uaru, the fifth development target at Stabroek.