Latest Stories

India's diesel exports to Singapore hit 19-month record high in August, as profits on European deliveries squeezed

30 August 2023

India's diesel exports to Singapore are poised to reach a 19-month peak in August, surging beyond 330,000 tonnes on August 30.

Guyanese government extends oil audit to seven years

30 August 2023

The government of Guyana has decided to revamp its existing petroleum-agreement framework, extending the period for auditing oil companies’ expenses from two to seven years.

Oceaneering looks to enhance staff housing in Guyana in oil-and-gas push

30 August 2023

Seeking to upscale the quality of housing for its workforce, Oceaneering has published a Request for Information from local real estate companies. The move suggests Oceaneering's desire to tighten its grasp on the Guyanese oil-and-gas sector.

Unpaid dues to struggling South African utility Eskom rise, minister warns

30 August 2023

South African municipalities owe the country’s state power utility Eskom more than ZAR63.2bn ($3.33bn), with the figure still rising. The unpaid dues are currently risking even longer power cuts around the country.

Slovak refinery Slovnaft wants prolongation of exemption from Russian oil embargo

30 August 2023

The exemption for Slovnaft is in place until December due to Slovakia’s and Hungary’s high dependency on Russian crude.

TAQA Arabia submits non-binding offer to acquire gas stations owned by army’s Wataniya Petroleum

30 August 2023

Egyptian energy services company TAQA Arabia submitted a non-binding offer to acquire gas stations company Wataniya Petroleum, a subsidiary of the army’s civilian business conglomerate National Service Projects Organization (NSPO).

Algeria’s state-owned energy group Sonatrach discovered ten gas fields in H1

30 August 2023

Algerian state-owned energy group Sonatrach announced it discovered ten new oil and gas discoveries during drilling operations in H1 of the current year, Algerian Radio reported on August 29 citing Sonatrach's exploration director, Rabie Badji.

German grid operator unveils 8-GW offshore wind link

30 August 2023

Amprion, a German electricity transmission system operator, has unveiled plans for an 8-GW offshore wind link which could power 8mn people.

Engie buys Texas grid-scale battery developer for $1bn

30 August 2023

France’s Engie has agreed to buy Broad Reach Power, a company specialising in grid-scale battery storage and based in Houston, from private equity funds EnCap and Apollo.

Colombia increases LNG imports amid fears over El Niño

30 August 2023

The Latin America had already bought 309,000 tonnes of LNG as of August 28, almost 60% higher than in the whole of 2022.

China’s CNOOC, Brazil’s Petrobras sign agreements on potential joint ventures

29 August 2023

Chinese state-owned oil and gas major CNOOC has signed a strategic co-operation agreement with Brazilian state-owned energy major Petrobras, Offshore Engineer reported on August 29.

Pemex faces liquidity concerns as debt looms, says Fitch

29 August 2023

Pemex represents the greatest concern in terms of liquidity and debt among Latin American oil companies, according to US credit rating agency Fitch, Mexico Business News reported on August 26.

Junk carbon offsets crackdown continues

29 August 2023

The UK’s Advertising Standards Authority is scrutinising carbon offsets that may be more greenwashing than helpful in the fight against climate change.

Cyprus rejects Chevron’s Aphrodite development plan

29 August 2023

A further delay in developing the Aphrodite gas field has come due to the Cypriot government’s rejection of a development plan for the island’s main offshore hydrocarbon resource proposed this summer by Chevron and its partners Shell and NewMed.

Turkmenistan: Union busting

29 August 2023

Unfair soccer league, and potential and real gas deals aplenty, with Hungary, Iraq and Uzbekistan.