Latest Stories

Denmark's CIP and COP propose $1.3bn offshore wind energy investment in Bangladesh

28 March 2024

Danish firms Copenhagen Infrastructure Partners and Copenhagen Offshore Partners have presented a $1.3bn investment proposition to the government of Bangladesh, aiming to generate 500 megawatts of offshore wind energy

Croatia's Rimac Energy expands operations with new UK facility

28 March 2024

Rimac Energy, a Croatian energy storage company, has inaugurated a new 1,850-square metre facility in Witney, Oxfordshire, UK, the company said in its press release on March 27.

Western Australia ponders uranium mining restart

28 March 2024

A 12-month inquiry by Western Australia's Chamber of Commerce and Industry (CCIWA) has revealed that restarting uranium mining in the region could potentially generate up to 9,000 jobs and yield uranium valued at over AUD1bn annually.

Restart of Vietnam's only cracker delayed

28 March 2024

The operator of Vietnam’s only petrochemical cracker Long Son Petrochemical has extended the closure of the facility and associated units in Ba Ria-Vung Tau until June, so that technical issues can be addressed.

Vietnam Prime Minister's bold move to tighten petroleum sector regulations

28 March 2024

Amidst recent concerns over lax enforcement of regulations and the persistent threat of smuggling and trade fraud in the petroleum sector, Prime Minister Pham Minh Chinh has taken decisive action

Indian buyers cease Venezuelan oil imports ahead of US sanctions deadline

28 March 2024

Major Indian purchasers of Venezuelan oil, including Mukesh Ambani’s Reliance Industries Ltd., have ceased their acquisitions from the OPEC producer prior to the expiration of the US sanctions waiver in mid-April.

Shell to enter Sri Lanka's fuel retail market in 2024

28 March 2024

Shell Brands International AG and RM Parks Limited announced their partnership to introduce Shell into Sri Lanka's fuel retailing market this year.

Climate change made the dangerous heatwave in West Africa 10 times more likely

27 March 2024

The recent humid heatwave in southern West Africa was 10 times more likely due to human-induced climate change, according to a team of top climate researchers from the World Weather Attribution group.

World Meteorological Organisation issues ‘red alert’ on climate crisis

27 March 2024

The UN’s World Meteorological Organisation has issued a “red alert” on the climate crisis, citing unprecedented increases in 2023 in greenhouse gases, land and water temperatures and melting of glaciers and sea ice.

Rain, rain go away

27 March 2024

The hotter the world gets, the more water the air can hold and the more it will rain.

Siemens Energy to sell troubled onshore wind turbines again

27 March 2024

Siemens Energy AG is readying to start sales again of its troubled onshore wind turbine models, reports Bloomberg.

Biden administration gives carmakers more time to phase out gasoline cars

27 March 2024

Carmakers will have more time to phase out internal combustion engine cars under new rules unveiled by the Biden administration’s Environmental Protection Agency.

Ukraine faces potential summer electricity shortage, utility executive warns

27 March 2024

Ukraine may confront an electricity shortage this summer due to significant damage inflicted on numerous power generation facilities.

Ukraine plans record electricity imports amid power outages

27 March 2024

Ukraine imported a record volume of electricity on March 26, aiming to bring in 18,649 MWh since the start of the year, according to a statement from Ukrenergo, the country's national energy company.

Russia has trouble with oil payments though Chinese, Turkish, UAE banks

27 March 2024

Russian oil firms face delays of up to several months to be paid for crude oil and fuel shipments as banks in China, Turkey and the United Arab Emirates (UAE) are becoming more cautious of the US secondary sanctions.

Gazprom buys Shell's stake in Sakhalin LNG

27 March 2024

A subsidiary of Russia’s national gas company Gazprom has acquired Shell’s former 27.5% interest in the Sakhalin-2 LNG project in the Far East for $1.1bn, according to a government order.

Vietnam in talks with Russia's Novatek on LNG collaboration

27 March 2024

Vietnam’s government is in talks with Russia’s Novatek on potential collaboration in the LNG sector, as the South Asian country seeks out more avenues of support for its LNG import industry.

Ukrnafta reports increase in oil and gas production

27 March 2024

Ukrnafta, Ukraine's largest oil and gas producer, announced on March 26 that it had achieved a notable increase in production for the month of February 2024 compared to the same period last year.

Profits of Czech EPH’s infrastructure unit dropped by 15% y/y to €1.22bn

27 March 2024

EPIF has, in the past, made profits by transporting Russian gas to Central Europe. EPIF stated that “the gas transmission segment’s performance in 2023 was adversely impacted by one-off risk mitigation measures”.

Japan's Saibu Gas to expand storage capacity at Hibiki site

27 March 2024

Japanese gas firm Saibu Gas revealed this week it planned to expand its LNG storage capacity to support increased gas demand during Japan’s decarbonisation.

Government inquiry explores revival of New Zealand’s sole oil refinery, Marsden Point

27 March 2024

A study into the potential reopening of Marsden Point oil refinery in Northland, New Zealand, is underway. The study comes despite any significant cost projections and the necessity for a specialised workforce

Europe remains in gas mode as new sources and infrastructure remain key factors

27 March 2024

Natural gas continues to occupy pride of place in Europe, where despite governments being keen to introduce and put to use emissions-free fuels, future long-term reliance on gas as a prime energy source is recognised as a fact.

Norway to review climate NDCs ahead of COP29

27 March 2024

Norway is reviewing its nationally determined contribution to the Paris climate agreement on reducing emissions as well as its annual climate plan.