Latest Stories

Iran lacks technology, investment to boost oil output, IFPI says

15 November 2023

Iran is struggling with a lack of technology and insufficient investment to enhance production from its oil fields, the secretary general of the Iranian Federation of Petroleum Industry (IFPI) has said.

LNG moves across Southeast Asia forecast to peak by 2040

15 November 2023

A study by the Asia Research & Engagement group has predicted that Southeast Asia’s LNG investments are expected to reach their peak by 2040

Serbia moves away from dependence on Russian gas with new Azerbaijan supply deal

15 November 2023

Serbia has agreed to buy 400mn cubic metres of natural gas a year from Azerbaijan from 2024, diversifying away from Russia.

World’s first commercial CO2 sensor satellite in orbit

15 November 2023

The first orbital sensor able to pinpoint CO2 emissions from individual industrial facilities, such as cement or power plants, has successfully launched from Vandenberg Space Force Base in California.

Petrobras says Rota 3 domestic gas pipeline will be finished on schedule

15 November 2023

Brazil's Petrobras says construction work on the Rota 3 pipeline, which will deliver natural gas from offshore fields in the Santos basin, is moving forward on schedule.

India's ONGC says new projects to reverse declining oil outputs from matured fields

15 November 2023

State-run Oil and Natural Gas Corp in India reported a decline in oil and gas output during July-September, attributed to lower volumes from matured fields and weather-related disruptions

IEA raises oil demand forecast despite global economic slowdown

15 November 2023

The International Energy Agency has revised its oil demand growth forecasts for 2023 and 2024, challenging expectations of a global economic slowdown

South Africa to be worst affected by energy supply disruption in 2024, security firm warns

15 November 2023

South Africa will be the worst-affected country globally by security-impacting hazard disruption of energy supplies in 2024, according to London-based global security company G4S inaugural ‘World Security Report.’

PLN - Powerchina agree on wind energy development in Indonesia

15 November 2023

State-owned electricity company PT PLN, through its subholding PLN Nusantara Power, has entered into a collaboration with Powerchina International Group Limited to advance wind energy development in Indonesia

Businesses call for swift regulatory changes to boost solar panel investments in Indonesia

15 November 2023

In the face of a decade-long stagnation in solar panel investments and installed capacity, certain businesses are urging the Indonesian government to hasten the finalisation of revisions related to solar rooftop power plants

Pertamina NRE and VKTR forge partnership for sustainable electric mobility in Indonesia

15 November 2023

Pertamina New & Renewable Energy, a sub-holding of PT Pertamina focusing on new and renewable energy, has joined forces with PT VKTR Teknologi Mobilitas Tbk, a pioneer in commercial and public electric vehicle mobility

Pertamina and ExxonMobil sign landmark agreement for carbon capture storage hub in Java Sea

15 November 2023

PT Pertamina has once again demonstrated its commitment to lead the decarbonisation program in Indonesia through a collaboration with ExxonMobil

Pertamina Geothermal Energy collaborates with Chevron and Mubadala Energy to explore geothermal potential in Sulawesi

15 November 2023

PT Pertamina Geothermal Energy Tbk has announced a collaboration with Chevron New Energies International and Mubadala Energy through a Joint Study Agreement to explore the geothermal potential in North Sulawesi

Petronas and PetroVietnam explore energy collaboration opportunities

15 November 2023

Malaysian energy giant Petronas and its Vietnamese counterpart PetroVietnam are set to explore collaboration opportunities in various sectors of the energy industry in Vietnam