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OPEC discussions reach impasse as Nigeria and Angola refuse to accept lowered production quotas

Nigeria and Angola, key members of the Organisation of Petroleum Exporting Countries (OPEC), have rejected a reduction in their crude oil production quotas.

Milei's hopes to deregulate Argentine oil and gas sector hinge on economic stability

Milei faces stern test in effort to privatise energy company YPF

Argentine president-elect Javier Milei faces a stern challenge in his pursuit to fully privatise state oil firm YPF, particularly as he contends with the nation's oil provinces who hold interest in the company.

Chile to invest $7mn in lithium research projects

Mercedes Benz South Africa to build 13-MW solar project, establish 120 electric vehicle charging stations

IREDA shares surge after strong market listing.

Shares of the Indian Renewable Energy Development Agency, a non-banking financial company focused on renewable energy projects, extended gains after a successful debut on Dalal Street following its initial public offering

Guyana to train 2,000 workers for overseas ExxonMobil jobs

Indonesia-operated MedcoEnergi to acquire ownership stake in two blocks in Oman

Indonesia-operated oil exploration company PT Medco Energi Internasional has received approval from the Sultanate of Oman to acquire a 20% ownership stake in two blocks in the country.

South Africa utility Eskom forecasts more blackouts despite government assurances

South Africa’s state-run power utility Eskom says there will be ‘consistent’ rolling power outages, or load shedding, during summer months of December and January.

Japan pledges to work with Mozambique towards restarting $20bn LNG project

Mozambique and Japan have committed to collaborate on resuming the development of a LNG project in the north of the African nation halted in 2021 due to security concerns.

Four miners die in Polish coal mine accident

A pipeline rupture killed four Polish miners in the Sobieski coal mine in Jaworzno, Poland’s State Mining Authority (WUG), the mining sector’s oversight body.

Chinese companies purchased the largest share of Iraq's oil

Nuclearelectrica seals €525mn refurbishment contract for Romania’s sole nuclear plant

Libya needs $17bn to increase crude output to 2mn bpd, says NOC head

Libya's state oil firm, the National Oil Corporation (NOC), needs a budget of $17bn to fulfil its plan target of raising the crude output to 2mn bpd in three to five years from around 1.29mn bpd currently.

SOCAR opened a representative office in Turkmenistan

Kazakhstan’s main oilfields to maintain production cuts until December 3 amid Black Sea storm impacts

Ghana's Quantum Oil reaches "amicable" settlement with IFC, OPEC Fund, ending $41mn lawsuit

Georgia's $1bn HPP reports $150mn loss

Private investors seek Zimbabwe's permission to build two thermal projects to generate 1,600MW

Russia’s Rosneft gets to decide financial disclosure modes

CP Group and Altervim launch pilot project to promote clean energy

Thai conglomerate CP Group has launched a pilot project, Total Clean Energy Solution, to use clean energy at its leadership academy in Pak Chong, Nakhon Ratchasima

CENTRAL ASIA BLOG: Success in delivering Turkmenistan methane crackdown would be big moment for COP28

US and global institutions have been lobbying the “super-emitter” all year long. The moment of truth will arrive at the summit.

Hard-to-recover share of Russian oil could reach 70% by 2050: Novak

The share of hard-to-recover reserves in Russian oil production could reach 70% by 2050, Deputy Prime Minister Alexander Novak said last week.

Russian drilling work on the rise this year

Russian drilling work is on the rise, with 12.3% more wells commissioned in the first eight months of 2023 versus the same period of last year.

Gazprom provides updates on key upstream projects

Gazprom is preparing to bring on stream a second gas treatment unit at the Kovyktinskoye gas field in Eastern Siberia by the end of this year.