Latest Stories
Green Genius secures €87mn in loans for solar park in Latvia’s Jekabpils
Renewable energy company Green Genius concluded agreements with two German banks to raise €87 million in loans that will be used to build a solar power park in Latvia’s Jekabpils.
PODCAST: Emerging Global with Bruce Pannier on Turkmenistan's troubles
A country with the fourth largest gas reserves in the world is struggling to sell its natural bounty. Daniel Rad interviewed regional expert Bruce Pannier on its plight.
Iran’s private sector given chance to export green electricity
One of the main concerns for electricity producers in Iran was being able to export electricity, and the current government has switched on the possibility.
EurOil: Germany does away with gas storage levy
FSUOGM: Power of Siberia 2 talks reportedly in deadlock over Beijing's demands on prices, supply volumes
Ukraine looks to Europe to increase power imports this winter
Russia has taken out 35 GW of Ukraine’s electricity generation capability since the beginning of the war, decreasing generation from 55 GW to 20 GW. Already Ukrenergo has introduced rolling blackouts in a dozen regions.
Woodside achieves first oil at Sangomar in Senegal
Woodside Energy has successfully achieved first oil from the Sangomar field, marking a significant milestone for the Australian giant in offshore oil production for Senegal.
Norway’s Yara launches Europe's largest green hydrogen plant
Leading Norwegian fertiliser producer Yara International has launched Europe’s biggest green hydrogen facility, which will be used to make green ammonia.
Brazil Energy Minister commends Guyana for attracting oil sector investments
Brazil’s Minister of Mines and Energy, Alexandre Silveira, has praised Guyana for its success in attracting substantial investments in its oil sector
Romania’s Restart Energy plans to raise €6.5mn with Bucharest Stock Exchange listed bond
Romania’s Restart Energy group, which is developing renewable energy projects, announced plans to issue 5-year bonds denominated in euros with a 9.5% coupon attached, “to finance the company’s accelerated development.”
Malaysia overhauls fuel subsidies, diesel prices surge by over 50%
Malaysia saw a dramatic 50% increase in diesel prices on June 10 as part of a major overhaul of fuel subsidies aimed at reducing government spending and saving billions of ringgits annually
Pertamina to acquire stake in Brazilian firm to secure bioethanol supply
Pertamina, Indonesia's state-run oil company, is set to acquire a stake in a Brazilian company to ensure a steady supply of bioethanol and sugar, Chief Investment Minister Luhut Binsar Pandjaitan announced on June 10
Ukraine, allies invest in restoring war-damaged energy infrastructure
The Ukrainian government and businesses are collaborating to restore energy facilities destroyed by Russian attacks. The extensive damage has resulted in the loss of 50% of Ukraine's power generation capacity, Prime Minister Denys Shmyhal reported.
Iran rejects GCC stance on disputed gas field, calls for technical talks with Kuwait
Iran has dismissed a statement by the Gulf Cooperation Council (GCC) about a disputed gas field in the Persian Gulf, calling it “counterproductive” and “futile.”
Sinopec confirms Aramco award for MGS-3 work
Sinopec has confirmed its award of a contract from Aramco to work on the expansion of Saudi Arabia’s gas network.
China's SPIC invests $147mn in Brazilian wind farms, launches solar parks
Chinese electricity company SPIC has announced an investment of BRL780mn ($147.4mn) in constructing two new wind farms in northeast Brazil, while also launching its first solar parks in the country
World Bank approves $40mn for energy transition project in Armenia
The investment aims to rehabilitate power transmission substations, introduce reforms to access private financing and modernise the energy sector while promoting regional cooperation.
Venezuela to boost gasoline and gas production through its alliance with Iran
Venezuela plans to boost its gasoline and gas production through alliances with Iran, state-owned Petroleos de Venezuela (PDVSA) indicated on X.
Sechin rails against energy transition, calls for Russian policy changes
Renewable energy sources cannot provide energy security, Rosneft CEO Igor Sechin said in a speech at the St Petersburg International Economic Forum (SPIEF) on June 8, urging policy makers to revise energy transition strategies.
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