Latest Stories

Israeli BIG MEGA Renewable Energy explores wind and solar investments in Serbia

12 April 2024

Israeli company BIG MEGA Renewable Energy is exploring investment opportunities and the application of innovative approaches for wind farm projects, as well as rooftop and ground-based solar panel installations in Serbia.

China, Serbia to build Kostolac power plant's Block B3

12 April 2024

The new plant will have a capacity of 350 MW, aimed at ensuring long-term stability in the power system. VP Mali noted that the construction of Block B3 will provide a modern electricity production facility, the first in nearly four decades.

Janaf signs oil transport deal with Hungarian MOL

11 April 2024

The Croatian oil pipeline operator Janaf announced on 11 April that it has finalised oil transportation and storage agreements with the Hungarian energy group MOL, effective until the end of the current year.

Naftogaz secures gas storage agreements with European companies

11 April 2024

Naftogaz has signed agreements with German, Norwegian and French firms for gas storage services in Ukraine, despite continued Russian attacks.

Guyana president dismisses Venezuela's claims on oil sector and US military presence

11 April 2024

Guyanese President Irfaan Ali has refuted Venezuela's “baseless allegations” regarding Guyana's oil industry, its ties with ExxonMobil, and the purported presence of US Southern Command military installations.

Guyana stands firm against Venezuela’s assertive claims, vice president says

11 April 2024

Guyana maintains its unwavering vigilance as Venezuela persists in its aggressive assertions, particularly regarding the Essequibo region, which forms two thirds of Guyanese territory, Vice President Bharrat Jagdeo reiterated during a press briefing.

Venezuelan ex-oil minister arrested in corruption probe

11 April 2024

Former Venezuelan Oil Minister Tareck El Aissami was arrested on April 9 by Venezuelan authorities in connection with a corruption investigation, following nearly a year of evading capture subsequent to his resignation as PDVSA chief.

Pakistan risks US wrath over intent to complete Iran gas pipeline

11 April 2024

Iranian President Ebrahim Raisi plans to arrive in Pakistan on April 22 for talks with Pakistani leaders on regional security and improving economic ties and trade. Top of agenda will be the long-planned, long-delayed Iran-Pakistan gas pipeline.

TMC Compressors awarded contract from MODEC to supply air system for Guyana FPSO

11 April 2024

Compressed air systems supplier TMC Compressors has been awarded a contract by MODEC to supply a large-capacity air compressor system for use in the Errea Wittu floating production, storage and offloading vessel.

IEA: Methane emissions at an all-time high need to be reduced by 75% by 2030 at a cost of $170bn

11 April 2024

Methane emissions are 80 times more damaging than carbon dioxide. Rather than falling, they are currently at an all-time high and rising. The IEA says they need to fall by 75% by 2030 if the Paris Accord targets are going to be met.

KOGAS teams up with Hyundai on latest LNG pump tech

11 April 2024

Korea Gas Corp. (KOGAS) revealed an important partnership with Hyundai Heavy Industries Turbomachinery earlier in the month aimed at advancing the manufacture of a vital component crucial for natural gas extraction infrastructure.

Mexico to cut 330,000 bpd or more of oil exports in May

11 April 2024

Mexico's national oil company Pemex plans to axe the exports of 330,000 or more barrels per day of oil in May, anonymous sources have told Reuters. The sources are traders.

Former US officials, senators call on Biden to re-impose Venezuela sanctions

11 April 2024

Former US officials are urging the administration of US President Joe Biden to reimpose oil and gas sanctions on Venezuela should the current regime fail to uphold its democratic commitments.

Ghana’s Tema Oil Refinery denies alleged Chinese takeover push amid whistleblower claims

11 April 2024

TOR, a 45,000-bpd facility, has been plagued by issues since an explosion at its crude distillation unit in early 2017 and was closed completely between July 2020 and January 2021. TOR denies having held talks with China's Senuto

Global renewables developer PNE sells 240-MW PV project to NOA Group in South Africa

11 April 2024

Global developer of wind power and photovoltaic (PV) projects PNE Group has sold its 240-MW Khauta solar PV project in South Africa to the South African energy company NOA Group Ltd.

Nigeria's NNPCL owes $3bn to fuel traders, soft re-boot to subsidies looms

11 April 2024

The backlog in payments has proved a significant setback to the Nigerian government in its attempts to shore up finances by shutting down expensive subsidies for the energy sector.

BP looks set to sell three ageing Trinidad fields to Perenco

11 April 2024

Supermajor BP is closing in on a deal to sell some of its Trinidad and Tobago oil and gas assets to Perenco, three people familiar with the talks have said.

China moves past India as top importer of Russian crude via sea

11 April 2024

China has emerged as the foremost purchaser of Russian seaborne crude, outstripping India's import volumes, according to data from energy cargo tracker Vortexa

Multi-billion dollar integrated gas and power project in Vietnam takes FID decision: Mitsui of Japan

11 April 2024

Vietnam's long-anticipated mega Block B gas project, a multi-billion dollar endeavour, has reached a final investment decision, as announced by Mitsui, a Japanese joint venture partner in the project

Aramco to pare back offshore drilling further amid oil project delays

11 April 2024

Aramco is expected to trim its offshore drilling fleet further as significant offshore developments.

Saudi raises OSPs for Mediterranean, Asian buyers

11 April 2024

Saudi Arabia has raised the official selling price (OSP) for its Arab Light crude oil for Asian and Mediterranean customers in May, according to an Aramco statement released April 5.