Latest Stories

CNH approves development plan for unitised Zama field

6 June 2023

Mexico’s National Hydrocarbons Commission (CNH) has approved the development plan for the Zama Field Contract Area.

Pemex: Gas condensate accounted for a larger share of Mexico’s liquids production in April 2023

6 June 2023

Gas condensate accounted for a larger share of the production of Mexico’s national oil company Pemex in April of this year than in the same month of 2022, in line with long-term trends.

Ukrgazvydobuvannya launches new gas well in eastern Ukraine with daily production of 230,000 cubic metres

6 June 2023

Ukrgazvydobuvannya, a subsidiary of Naftogaz Group, has successfully drilled and activated a high-rate well in eastern Ukraine, resulting in an additional daily supply of 230,000 cubic metres of natural gas for the country, Naftogaz stated.

Egypt’s El-Sisi urges Ethiopia to accept ‘compromise’ over $5bn GERD dam

6 June 2023

Abdel Fattah Al-Sisi has once again called on Ethiopia to accept a "compromise" in relation to the Grand Ethiopian Renaissance Dam (GERD) that the Horn of Africa nation is building near the source of the Nile.

Unloading to begin to make Safer safe

6 June 2023

Work to remove 1.1mn barrels of oil from a decaying tanker moored off the coast of Yemen is set to begin soon, the United Nations has said.

Southern Africa has 'enormous' potential for green hydrogen production, study finds

6 June 2023

The results of the H2Atlas-Africa project, sponsored by the German government, are presented in the form of an interactive atlas, which shows “locations of interest” in Southern African countries.

Nova Kakhovka dam destroyed, unleashing a tidal wave of flood waters into southern Ukraine

6 June 2023

The massive Nova Kakhovka dam was destroyed in the early hours of June 6, releasing a tidal wave of flood water that quickly swamped towns and villages downstream in southern Ukraine and triggered evacuation orders by local authorities.

Energy minister says geothermal powerhouse Hungary not exploiting its potential

6 June 2023

Geothermal energy could strengthen Hungary’s energy security, replacing up to 1.5 bcm of natural gas a year.

Algerian firms invited to resume investment in Libya’s energy projects

6 June 2023

Algerian oil firms have shown interest in resuming operations and promoting energy investment in Libya, the latter's Oil Minister Mohamed Aoun said in a statement following a meeting with his Algerian counterpart Mohamed Arkab over the weekend.

Hungarian PM, FM meet with Rosatom chief in Budapest

6 June 2023

Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto met with Alexey Likhachev, the director-general of Russian nuclear energy company Rosatom, the general contractor for the construction of two new blocks at Hungary's Paks NPP, on June 5.

Fitch affirms rating of MOL and revises outlook from negative to stable

6 June 2023

The revision of the outlook reflects that while a halt in Russian oil and gas supplies to Hungary cannot be ruled out given the war in Ukraine and hostilities between Russia and the EU, there is a lower risk of the negative scenario materialising.

SDX Energy successfully renegotiates higher price for gas produced in Morocco

6 June 2023

SDX Energy says it has successfully renegotiated a gas sales deal with Morocco's Hydrocarbons and Mines Office (ONHYM), securing a higher price for its production in the country.

Japan’s Marubeni thinks long term with ammonia supply chain

6 June 2023

If eventually successful, a memorandum of agreement will see the joint development of a supply chain processing low-carbon ammonia through to Japanese markets and others on the Asian mainland.

Armenia to build a facility for reprocessing low- and medium-level spent nuclear fuel

5 June 2023

According to general director of the Armenian NPP Movses Vardanyan, Armenia has constructed a storage facility for SNF. However, it is intended to be temporary and will only last for the next half-century.