Latest Stories

Vestas wins 1,140 MW order for Poland’s largest wind project

4 October 2023

Danish wind turbine manufacturer Vestas has won an order for 1.14 GW of offshore turbines in Poland. The world’s largest turbine maker, Vestas will supply V236-15.0 MW turbines.

Gazprom in talks to get floating nuclear units to power Sakhalin gas fields

4 October 2023

Russia’s state-owned Gazprom is in talks with the country's nuclear power firm Rosatom on potentially providing floating nuclear power plants (NPPs) with capacities of up to 116 MW apiece to supply energy to fields off the coast of Sakhalin Island.

Eni, the Italian oil and gas company, discovers significant gas reserves in Kutai Basin, Indonesia

4 October 2023

Italian oil and gas company Eni, which currently holds the operator rights for the Indonesian Deepwater Development (IDD) block, has discovered significant proven gas reserves in the Kutai Basin Working Area (WK).

Iran signs deals with local tech firms to restore sluggish oil wells

4 October 2023

Iran’s Petroleum Industry Innotech Park (PIIP) has signed four deals with local knowledge-based companies aimed at restoring five sealed and underperforming crude wells, the Shana news agency reported on October 2.

Iran oil output hits new high in over five years

3 October 2023

Iran’s crude output has hit a new record high since 2018, the year the United States reimposed and reinforced sanctions on the country.

Guyana’s first Payara crude to be loaded in November, S&P reports

3 October 2023

Guyana’s first Payara Gold crude is on schedule to be loaded in November, a program obtained by S&P Global Commodity Insights revealed. Production is expected to commence by the end of the year, following the launch of the project’s FPSO vessel.

ExxonMobil, Hess exit Kaieteur block offshore Guyana

3 October 2023

ExxonMobil Guyana is withdrawing from the group formed to explore Kaieteur, a deepwater block located off the coast of Guyana. It will cede its 35% stake to two of its partners, Ratio Petroleum of Israel and Cataleya Energy of Canada.