Latest Stories

China seeks faster progress on Russian gas pipeline project

1 November 2023

In a statement issued by the Chinese government, Xi said he wanted to see “substantial progress” on the pipeline, which would run from the Arctic Yamal Peninsula through Mongolia to China.

Siemens defends supplies to Russian nuclear plant in Hungary

1 November 2023

Last month ​Hungary and Russia agreed to accelerate the Paks NPP project, with Hungarians officials stating that Hungary would never agree to EU sanctions that hurt the country's co-operation in the sphere of nuclear energy with Russia.

Iran’s petchem investments to hit $100bn in two years

1 November 2023

Investments in Iran’s petrochemical industry are estimated to reach $100bn under the current government, said a deputy at the National Iranian Petrochemical Company (NIPC).

Iran's daily oil sales to China soar beyond 1.8mn bpd

1 November 2023

Iran’s crude exports to China have hit a record high in five years, skyrocketing to more than 1.8mn barrels per day in October, showed data from Brussels-headquartered analytics group Kpler.

Vietnam's Northern Province of Bac Giang attracts VND8.7 trillion for PV project

1 November 2023

Bac Giang, a Northern province in Vietnam, recently welcomed an influx of VND8.694 trillion into the Silicon Bar Production Project

Vietnam’s largest LNG terminal, Thi Vai, begins operations: a milestone for clean energy in the country

31 October 2023

The Thi Vai liquefied natural gas terminal, a colossal 1mn-tonne project, has commenced its operations in the southern province of Ba Ria - Vung Tau, marking a substantial leap in Vietnam's energy landscape

Female-led Guyanese company wins two oil blocks in nation's first auction

31 October 2023

Female-led Sispro has been awarded two blocks in Guyana’s first-ever oil block auction. Of all 14 bids, the Guyanese company was the only individual bidder, with all other submissions coming as part of a consortium.

Suriname to leverage oil revenues to manage debt

31 October 2023

Suriname will issue oil-linked securities to its creditors, whereby they will receive a portion of the royalties the country expects to generate from its first offshore oil development in Block 58.

Iran’s daily crude output hits five-year high of 3.4mn barrels per day

31 October 2023

Iran's crude production has been on a consistent upward trend, with consecutive highs reached in August, September, and October, according to figures released by the Iranian oil ministry and OPEC.

Iran's gas export revenues soar by 125% in H1

31 October 2023

Fresh data from the Trade Promotion Organization of Iran indicates a growth of almost 125% in gas-export income compared to the corresponding period a year earlier.

Guyana announces significant discovery in Lancetfish-2 well in Stabroek Block

31 October 2023

A “significant discovery” has been made in the Lancetfish-2 appraisal well drilled in the offshore Stabroek Block by the ExxonMobil-led consortium, Guyana’s energy ministry has announced.

Iran looks to solar power to solve energy shortages

31 October 2023

Subsidised prices, over-reliance on gas and oil, and a lack of investment (partly due to international sanctions) have led to worsening energy shortages.