Latest Stories

US to auction 3.7 GW of offshore wind leases in Gulf of Mexico on August 29

25 July 2023

The US Bureau of Ocean Energy Management (BOEM) will auction 3.7 GW of seabed in the US Gulf of Mexico on August 29.

Heliene to expand with new US solar manufacturing plant

25 July 2023

Solar panel assembler Heliene plans a major expansion of its US manufacturing operations with a new Minnesota factory, the Canadian company’s CEO told Reuters.

Aseel Oilfield secures energy, minerals deals in Zanzibar

25 July 2023

The government of Zanzibar has entered into deals with Dubai-based Aseel Oilfield Services involving investments in energy and mineral projects, a development that is intended to diversify the island’s economy that is largely dependent on tourism.

Petroecuador reports oil spill at Balao terminal

25 July 2023

Ecuadorean authorities have confirmed that an oil spill occurred last week at the Balao marine terminal owned by Petroecuador in the port of Esmeraldas.

South Africa’s power utility Eskom needs more time, resources to finance grid expansion, says minister

25 July 2023

South African Minister for Electricity Kgosientsho Ramokgopa said strengthening the grid would take more time and resources than the struggling state-run power utility Eskom could afford.

Asian oil demand will lead to “serious problems” in the second half of the year, says IEF

25 July 2023

With China having imported record-breaking amounts of Russian oil during the first six months of the year and demand from India increasing at a similar breakneck speed, The IEF's Joseph McMonigle says that oil markets will have “serious problems".

Russia refuels ship with biofuel for first time

25 July 2023

State-owned Gazprom Neft reported on July 20 that its marine fuels business, Gazpromneft Marine Bunker, refuelled the ship in St Petersburg. The operation was carried out jointly with fast food chain Vkusno i Tochka and another firm called Ecoway.

KRG delivering crude to SOMO as per budget deal

25 July 2023

Iraq’s Kurdistan Regional Government (KRG) has delivered approximately 50,000-60,000 barrels per day of oil to Baghdad since mid-June.

Iran to export petrochemicals to Kenya, Uganda and Zimbabwe

25 July 2023

The deal will see the three African countries buy petrochemicals from Iran in exchange for other goods, according to a statement made by the Iranian government.

Solar manufacturing in US may falter, says BNEF

25 July 2023

A new report by BloombergNEF found that companies planning US solar factories will face limited availability of solar materials from Southeast Asia.

Ørsted to exit London Array offshore wind farm

25 July 2023

Sector leader Ørsted has signed an agreement with funds managed by Schroders Greencoat to divest its remaining 25% minority interest in the 630-MW London Array Offshore Wind Farm in the UK.

Suspension of electricity generation at South Africa's nuclear facility, Koeberg, has cost the economy $6.7bn in 18 months, energy expert says

25 July 2023

A South African energy expert estimates that the closure of one unit at the country’s sole NPP has cost the economy $6.7bn as well as refurbishment costs. The Koeberg unit, which can generate 920 MW of electricity, has been shut for 18 months.

Kenyan cabinet gives nod for KPC to take over KPRL assets

25 July 2023

The Kenyan Cabinet has approved the takeover of assets belonging to the defunct Kenya Petroleum Refineries Ltd (KPRL) by the Kenya Pipeline Company (KPC), a development that is designed to enhance the supply of petroleum products.