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An FT Investigation shows that insurance policies for Russia’s shadow fleet of tankers have a sanctions get-out clause
Russian oil tankers in the extensive shadow fleet are reportedly bypassing Western sanctions by using questionable insurance coverage, according to leaked documents seen by the Financial Times, the paper reported on March 15.
Three billion people will live in uninhabitable zones by 2070
It's predicted that 3bn people will live in zones that have been made uninhabitable (black areas) by 2070, say scientists.
Bangladesh to venture into oil exploration, aims to alleviate energy crisis
In a bid to address its enduring energy challenges, Bangladesh, among the poorest nations in Asia, has initiated a foray into oil exploration
Sri Lanka's KiudaEX launches carbon trading platform with backing from South Korea, Japan and more
Kiuda Digital Holdings, a Sri-Lanka-operated company, is set to unveil its cutting-edge carbon exchange platform, KiudaEX
Bangladesh to enhance energy infrastructure through sea-land integrated oil system
Bangladesh's maiden sea-land integrated oil storage and transportation system has commenced commercial operations
Indonesia's Ministry of Energy and Mineral Resources delves into offshore oil potential
The Ministry of Energy and Mineral Resources of Indonesia is intensifying its exploration efforts in one of the offshore fields with promising oil reserves, located within the Offshore North West Java block
Indonesia's coal mine methane emissions underestimated, warns global energy think tank
Global energy think tank EMBER Climate has raised concerns over the accuracy of methane emission estimates from coal mines in Indonesia, asserting that they are eight times higher than official figures
British Petroleum aims for 176 LNG cargoes production from Tangguh Plant in West Papua
British oil giant BP has set its sights on producing 176 liquefied natural gas cargoes this year from the Tangguh LNG Plant in Bintuni Bay, West Papua, with approximately 55 cargoes expected to come from Train 3
Indonesia's crude palm oil exports plummet amidst global market shifts
February witnessed a downturn in Indonesia's exports of crude palm oil and its derivatives, with figures plummeting by over 30% to $1.20bn compared to January's $1.72bn
US urges Panama to remove flag from Iranian oil tankers
A United States special envoy on Wednesday urged Panama to stop Iranian ships from flying its flag, which allows Tehran to transport oil to evade sanctions imposed by Washington.
Oil and gas sectors post 16% growth in nine months says Iran’s top banker
Iran’s oil and gas sectors grew more than 16% together between March 21 and December 21, the first nine months in the Persian calendar year, the governor of the Central Bank of Iran said.
Mexico’s solar power start-up Niko secures $3.3mn funding
Mexican climate technology startup Niko has raised $3.3mn in a seed funding round led by Picus Capital and 468 Capital, with participation from various venture capital firms and angel investors.
Mexico's Zama oil project hit by delays, adjustments
The Zama offshore oilfield development project in Mexico, operated by national oil company Pemex in partnership with Talos Energy, is undergoing significant changes in its engineering design, leading to delays but with strategic aims.
UAC ramps up petroleum production, powers up RDF3 plant to drive EBITDA growth
UAC Global is poised for a strong year ahead, targeting 15% revenue growth in 2024 from THB1.85bn in 2023.
Chile's solar installations hit 1.65GW in 2023, data shows
Chile is continuing to boost its solar energy sector, with newly released data from Chilean PV association Acesol showing that photovoltaic installations in Chile grew by 1.652MW in 2023.
Guyanese firms bid for audit of Stabroek Block expenses
Guyana's National Procurement and Tender Administration Board reported three bids for consulting services aimed at auditing expenses within the Stabroek Block offshore Guyana.
Vietnam oil giant seeks stable rates, higher credit limits for growth
Vietnam Oil and Gas Group, the country's state-owned energy giant, is seeking government support to navigate rising interest rates and secure capital for ambitious development plans.
Pemex challenges closure of Cadereyta refinery amid environmental disputes
Mexico’s national oil company Pemex is embroiled in a legal battle against the closure of the Cadereyta refinery in the state of Nuevo Leon.
TPIPP allocates $430mn for 3-year plan to build new power plants, focusing on cost reduction by switching to waste fuel
TPIPP PCL has allocated $430mn for the next three years to invest in new power plants, with a focus on reducing costs by switching from coal to waste fuel.
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