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Romanian companies have €815mn grants for green energy projects

Russian Power Machines wins sanctions lawsuit again PetroVietnam

Indonesian government promotes domestic natural gas utilisation to reduce subsidy and import

The Indonesian government is continuously promoting the utilisation of natural gas through various programs, such as the City Gas Network and Compressed Natural Gas

Indonesian PLN EPI initiates collaboration for midstream LNG infrastructure development

PLN Energi Primer Indonesia is embarking on a venture to establish a joint venture entity dedicated to constructing and managing midstream LNG infrastructure

Turkmen gas production dips in 2023

Turkmenistan produced more than 80bn cubic metres of natural gas last year, down from 82.7 bcm in 2022.

China's renewable energy megaboom still being held back by coal sector

China's surge in green initiatives in 2023, provided a rare positive narrative for both environmental sustainability and its economy, marking a significant milestone

German wind giant PNE AG sets sights on Vietnamese shores

German renewable energy developer PNE AG is setting its sights on Vietnam, planning to build up to three offshore wind farms off the coast of Binh Dinh province

ExxonMobil assures that Liza field downtime will not affect production goals

ExxonMobil announced that the Liza field in the Stabroek Block offshore Guyana will be taken offline temporarily later this year as the company hooks up the pipeline for Guyana’s landmark Gas-to-Energy project.

Venezuela threatens force against ExxonMobil over Guyana drilling plans

Venezuela has issued a stern warning of potential force against US energy giant ExxonMobil amid its planned offshore drilling in Guyana, an action deemed in violation of a prior agreement reached in December to refrain from such threats.

Western oil majors ease Venezuela fuel shortages as uncertainty looms over US sanctions relief

Western oil majors, including Chevron Corp. and Repsol SA, are playing a pivotal role in addressing Venezuela's fuel shortages under fresh agreements following the lifting of US sanctions.

MidOcean Energy reaches deal to acquire 20% stake in Peru LNG

MidOcean Energy, an LNG company created and managed by US investment firm EIG, has purchased a 20% stake in Peru LNG, the company revealed on February 12.

India to be major oil demand growth driver by 2030

India is poised to emerge as the primary driver of global oil demand expansion by 2030, propelled by its burgeoning industrial sector and escalating consumption of transportation fuels

Access to oil, systematic clean fuel push key to India's orderly energy transition

India's Petroleum Minister, Hardeep Singh Puri, has emphasised the importance of maintaining affordable oil and gas prices domestically while transitioning towards cleaner energy sources methodically.

Ukraine hits two oil refineries in south Russia

Ukrainian drones struck two oil refineries in the southern Russian region of Krasnodar on February 9, resulting in a large blaze at the Ilsky refinery.

Bosnia's EP BiH opens €9mn coal supply tender for its Tuzla TPP

Bosnia & Herzegovina’s state-owned power company Elektroprivreda BiH (EP BiH) said it has launched a tender to acquire additional 200,000 tonnes of coal lignite for its Tuzla TPP in 2024 in a deal estimated to cost BAM17.6mn (€9mn).

Azerbaijan's gas boom amid COP29 spotlight raises questions on climate commitments

In the wake of COP28's focus on transitioning from fossil fuels, COP29 is poised to take place in Azerbaijan, amidst a gas production boom. The country plans to boost its gas output by 35% over the next decade.

BP-Azerbaijan reports mixed outcomes in 2023 production figures from Shah Deniz and ACG fields

BP-Azerbaijan reported a 4% increase in gas production from the Shah Deniz field in the Azerbaijani sector of the Caspian Sea for 2023, reaching a total of 26 bcm, alongside a slight decrease of 2.8% in condensate production to just over 4mn tonnes.

BTC pipeline's 2023 oil flow stabilises at 30mn tonnes, expenses surge by 30.7%

The Baku-Tbilisi-Ceyhan (BTC) pipeline, a cornerstone in the transport of oil and condensate from the Caspian region to the global markets, maintained its throughput at 30mn tonnes (approx. 227mn barrels) in 2023, mirroring its 2022 performance.

Oil and condensate exports through Sangachal in 2023 decreased by 0.9%, gas increased by 4.4%

Bulgaria lifts projected price of new nuclear units to $14bn

Bulgaria's energy minister Rumen Radev said on February 12 that he expects the two planned new units at the country's Kozloduy NPP using Westinghouse Electric's AP1000 technology to cost up to $14bn.

Iran’s gasoline production up 22% in three years, says oil minister

Iran’s gasoline output has increased by 22% over the past three years, Oil Minister Javad Owji said.

Iran to develop three struggling gas fields in west

Iran seeks to develop three floundering gas fields in the west to bring about “sustainable development” and economic prosperity to the poor region, said the CEO of the Iranian Central Oil Fields.

Third biogas power plant launched in Iranian capital

A third power plant generating renewable electricity from biogas released as a result of sewage treatment has come on stream in the Iranian capital Tehran.

Moldova’s natural gas consumption up 61% y/y in January

Montenegro to launch tender for new wind parks

Montenegro’s government has decided to launch a tender to lease land for the construction of new wind power plants in the municipality of Savnik, it said in a statement.