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Azerbaijan's 2023 energy sector overview: increased gas exports and diverse petroleum production amidst oil decline
Russia’s electricity exports to China down by 33%
The volume of electricity exports from Russia to China in 2023 fell by more than a third year on year to about 3.1bn kWh, which is in line with the annual average for 2012-2020.
Key Russian refinery halves gasoline output after foreign equipment failure
Lukoil’s oil refinery in Nizhny Novgorod – one of the largest plants of its kind in Russia – has halved its gasoline production following the failure of equipment supplied from the West.
Istanbul-listed bus maker Karsan to use €35mn IFC loan to transition to electric vehicles
Global oil producers move to resolve $5bn dispute in Kazakhstan
Albania opens 300-MW hybrid photovoltaic auction
Albania's Deputy Prime Minister and Minister of Energy, Belinda Balluku, announced the commencement of the 300-MW Hybrid Photovoltaic auction.
Former Shell JV unit in Russia targets deeper oil layers
Shell’s former main joint venture with Gazprom Neft in Western Siberia has secured rights to a new oil and gas block in the Khanty-Mansiysk region.
Iran posts highest output surge in OPEC last year, EIA data shows
Iran took the lead among OPEC members in terms of oil production growth in 2023, adding 330,000 more barrels of oil to its daily output, data provided by the US Energy Information Administration showed.
Iranian gas flow halted over maintenance, says Iraq
Iran has halted the exports of gas to neighbouring Iraq, the Iraqi News Agency reported on January 12, less than a week after the Iranian Oil Ministry confirmed that gas imports from Turkmenistan had been cut off.
Venezuelan opposition-led PDV navigates talks with Citgo creditors amidst looming US auction risks
New jacket and topsides en route to Fenix gas project offshore Argentina
Italian engineering firm Rosetti Marino has completed the construction of a jacket and topside for the Fenix wellhead platform, being used in TotalEnergies’ Fenix gas development project off the coast of Tierra del Fuego in southern Argentina.
Guyana seeks partners for building country's gas infrastructure
Guyana’s Ministry of Natural Resources has released a request for proposals in search of companies to support the design, construction, finance and operation of the nation’s gas infrastructure.
Mexico, Air Liquide in dispute after Pemex facility takeover
Colombia’s Versalles solar plant connects to grid
Deer Park refinery in Texas is a bright spot for Pemex
NMDC wins island-building deal from ADNOC
Abu Dhabi’s National Marine Dredging Co. (NMDC) has been awarded a $136.7mn deal by the emirate’s NOC to build an artificial island in support of the company’s ambitious oil and gas capacity expansion programme.
Oil hikes 4% after strikes on Yemen, Iran’s tanker seizure
Oil prices jumped higher following overnight air and sea strikes by the United States and the UK on airports and military facilities in Yemen, a day after Iran seized an oil tanker off Oman's coast.
India’s Cairn announces Jaya development plan
China’s CNOOC starts up Mero2 pre-salt oilfields project
Sibur ramps up LPG exports from Ust-Luga ahead of sanctions
Russia’s leading petrochemicals producer Sibur ramped up exports of LPG by nearly a quarter last year via the Baltic port of Ust-Luga ahead of the introduction of Western sanctions.
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