Latest Stories

Polish power giant PGE’s stock price falls nearly 11% after U-turn on climate ambitions

6 September 2023

The now-ditched strategy provoked political controversy, as the still-powerful Polish mining lobby saw it as laying the groundwork for accelerating the energy transformation away from coal.

Venezuela's oil exports experience sharp decline in August

6 September 2023

Data from vessel monitoring and internal company documents reviewed by Reuters indicate that the country's oil exports plummeted by a staggering 38% compared to July, when they had reached a three-year high.

SDX Energy starts drilling well in Morocco’s Sebou Central of Gharb Basin

6 September 2023

London-listed SDX Energy, a MENA-focused company, has started drilling Morocco's Ksiri-21 well in Sebou Central of the Gharb Basin which extends 1,950 metres in depth, according to a press release.

VLCCs off Panama coast may offer cheaper Canadian crude shipping route to Asia-Pacific

6 September 2023

Very large crude carriers positioned off Panama's Pacific coast could emerge as the cost-effective gateway for transporting Canadian crude to Asia-Pacific destinations as the Trans Mountain Expansion (TMX) project gears up for operation next year.

US LNG exports fall in August

6 September 2023

US exports of LNG dipped in August with 102 vessels transporting 7.32mn tonnes of the super-chilled fuel, down slightly from the 7.51mn tonnes that were carried abroad in July, according to data from LSEG Eikon.

Woodfibre agrees to supply 100% of its LNG to BP

6 September 2023

Pacific Energy and Enbridge-owned Woodfibre LNG signed its third long-term LNG offtake deal with British energy firm BP on September 5.

Wave-powered renewable subsea power project completes test programme

6 September 2023

A collaborative renewable subsea power project has successfully completed its initial four-month test programme in the UK North Sea.

Despite optimism, Iraqi crude flows through Turkey on hold until October

6 September 2023

Reports this week suggested that Iraqi oil exports to Turkey will remain suspended until at least October, with Turkish President Tayyip Erdogan planning a visit to Baghdad during the period.

China considers a return to Syrian oil imports

6 September 2023

Reports from China point to the country’s state-owned oil and gas giant Sinopec having made moves to reopen long-ignored oil supply links in Syria.

Africa’s inaugural Climate Summit calls for biggest investment into renewable energy projects

6 September 2023

The inaugural Africa Climate Summit is wrapping up in Nairobi. President William Ruto of host nation Kenya has emerged as a prominent advocate for a paradigm shift in the continent's approach to adjusting to climate change.

ExxonMobil Guyana to host talks ahead of Whiptail project launch

6 September 2023

ExxonMobil Guyana is set to hold a series of public meetings with local communities about its upcoming Whiptail project, with eight meetings scheduled in coastal locations across Guyana.

Chinese finance and technology for Iran's major petrochemical project

6 September 2023

Iran's Fanavaran Petrochemical Company has announced its agreement with a Chinese consortium for financing its ambitious Petro Olefin mega project.

Cepsa reportedly seeks buyer for oil wells in Colombia and Peru

6 September 2023

Cepsa — a privately held Spanish oil company keen to assume a leadership role in the fields of biofuels and green hydrogen — has initiated the sale of its oil wells in Colombia and Peru.