Latest Stories

US replaces Russia as Europe's top oil supplier in December

28 March 2023

The US has replaced Russia as Europe’s main oil supplier, according to data published by Eurostat on March 28, accounting for 18% of EU crude imports.

Moscow may demand compensation for damages to Nord Stream pipes

28 March 2023

Russia might seek compensation for the damage sustained to the Nord Stream 1 and 2 pipelines in September last year as a result of suspected sabotage, a government official has said.

South Africa’s power utility Eskom returns Ugandan hydropower plants as licence expires

28 March 2023

South Africa's national power utility Eskom has returned two hydropower plants to Uganda's government after the East African country’s authorities decided not to renew its licence.

Westinghouse, EDF to carry out pre-project studies on new nuclear units in Bulgaria

28 March 2023

Initial steps taken towards construction of new nuclear power plants in country that currently has only two working reactors.

Gazprom LNG supplies to GAIL India to resume

28 March 2023

A one-time subsidiary of Russian energy giant Gazprom is set to resume a long-standing LNG supply contract to GAIL India.

Goldwind, Vestas in photo finish for top global wind turbine spot

28 March 2023

According to a report by research firm BloombergNEF, global wind capacity additions dropped by 15% in 2022 following two years of record growth.

Japan’s TEPCO secures rights to develop 1.9 GW of floating wind off Scotland

28 March 2023

Tokyo Electric Power Co. (TEPCO) Holdings has secured the rights to develop up to 1.9 GW of floating offshore wind capacity across two projects in Scotland. The development will be in concert with Norway’s Vargronn.

India considers building strategic LNG reserve

28 March 2023

India is giving thought to creating a strategic reserve for LNG following serious supply storages and price fluctuations during the Covid pandemic and the war in Ukraine, according to the finance director at Petronet, Vinod Kumar Mishra.

Energy minister urges Ecuador to cut oil output target by 40,000 bpd in 2023

28 March 2023

Ecuador’s Energy Minister Fernando Santos has said that the country ought to reduce its oil production target by 40,000 bpd due to protests, natural disasters and other disruptions.

Nuevo Leon state government threatens to penalise Pemex for incident at Cadereyta refinery

28 March 2023

The state government of Nuevo Leon in northern Mexico has threatened to penalise Pemex for a recent incident that led to an increase in visible emissions from the Cadereyta refinery.

Trinidad and Tobago’s former energy minister says lagging gas output undermines IMF optimism

28 March 2023

Trinidad and Tobago's former energy minister has cited lagging gas output as reason to doubt the IMF's optimism about the potential for the country's economy to grow this year.

Construction to start on He Dreiht offshore wind project

28 March 2023

German power utility EnBW (Energie Baden-Wuerttemberg) has made the final investment decision on its 960-MW He Dreiht wind project in the German North Sea and agreed to sell a 49.9% stake in the scheme.

New offshore wind farms totalling 2 GW for Italy

28 March 2023

Italy’s renewable energy company GreenIT and Copenhagen Infrastructure Partners (CIP) are to develop three floating offshore wind projects in Latium and Sardinia.

Work begins on German offshore wind projects

28 March 2023

Offshore installation company Jan De Nul has begun work on the transportation and installation (T&I) contract for construction in Germany of Ørsted’s 242-MW Gode Wind 3 and 900-MW Borkum Riffgrund 3 offshore wind farms.

Iraq’s new port to include oil export berths

28 March 2023

Iraq’s Parliamentary Oil, Gas and Natural Resources Committee declared this week that the Grand Faw Port project will include six berths dedicated to oil exports as well as product storage capabilities.