Latest Stories

US solar industry: Q1 was worst quarter since 2020

15 June 2022

In Q1, America’s solar industry had its lowest quarter of installations since the start of the coronavirus pandemic, according to a new report.

Calls growing for a price cap on Russian oil exports

15 June 2022

Europe has been wrestling to get its members to sign up to a full ban on Russian oil products but a ban could send the price of oil up and make Russia even more money. Better to cap prices and starve the Kremlin of revenues.

Russia announces it will slash gas flow via Nord Stream 1 by 60%

15 June 2022

Russia’s Gazprom has announced it is slashing gas flow via the Nord Stream 1 pipeline by 60%, blaming Siemens’ failure to repair compressor units on time and other technical problems at the Portovaya compressor station.

LatAmOil: APA finds water in Rasper well offshore Suriname

15 June 2022

Houston-based APA Corp. has finished drilling the Rasper exploration well at Block 53 offshore Suriname without finding any hydrocarbons.

AfrOil: TotalEnergies makes FID on $850mn CLOV Phase 3 project

15 June 2022

Angola’s National Agency for Petroleum, Gas and Biofuels (ANPG) says France’s TotalEnergies has made a final investment decision on the $850mn Phase 3 development project at the CLOV oilfields within Block 17.

The EBRD will lend up to €300mn to Naftogaz

15 June 2022

The European Bank for Reconstruction and Development (EBRD) has pledged to lend up to €300mn to Naftogaz as concerns arise over this year’s heating season, Ukraine Business News reported on June 15.

NorthAmOil: BP exits oil sands, enters Bay du Nord via Cenovus deal

15 June 2022

BP announced this week that it had reached an agreement with Cenovus Energy that will see it relinquish its 50% stake in the Sunrise oil sands venture while farming into the undeveloped Bay du Nord project offshore Newfoundland and Labrador.

AsianOil: CPC receives Taiwan’s first cargo of carbon-offset crude

15 June 2022

Taiwan’s CPC announced on June 12 that it had received the country’s first cargo of certified carbon-offset crude.

CPC receives Taiwan’s first cargo of carbon-offset crude

15 June 2022

Taiwan’s CPC announced on June 12 that it had received the country’s first cargo of certified carbon-offset crude.

Turkmenistan: Masks off

15 June 2022

Uniting in paranoia with Russia, warming to Iran, and opening for business. This and more in Eurasianet's weekly Turkmenistan briefing.