Latest Stories

10MW solar power plant inaugurated in central Iran

28 August 2023

A 10-megawatt solar power plant was officially inaugurated in Isfahan Province, central Iran, on August 28.

International oil companies closely watching US-Venezuela sanction-easing talks

28 August 2023

The possible relaxation of US sanctions against Venezuela could rejuvenate long-awaited drilling projects involving Chevron, and could offer a window of opportunity to European counterparts such as Eni SpA, Repsol SA, and Maurel & Prom.

Equinor, Posco to partner on South Korean floating wind project

28 August 2023

Equinor of Norway has agreed to partner with Posco, a South Korean industrial group, on the planned 750-MW Firefly floating wind project to be sited off South Korea. The scale of Firefly would make it the world’s largest.

India can become global wind-energy supply chain powerhouse

28 August 2023

India could become a key player in the global wind energy supply chain, according to a new report by the Global Wind Energy Council and MEC Intelligence.

Gas pipeline explosion reported in southern Iran; officials blame fuel theft

28 August 2023

Iranian media have reported a fire incident on the Goura-Jask crude oil pipeline in the southern province of Hormozgan on August 28, killing at least one person.

Bolivia’s energy minister outlines strategy to 2050

28 August 2023

Bolivia does not intend to end the use of fossil fuels by 2050, but will combine fossil energy with renewable energy, achieving a more diverse energy mix, said Minister of Hydrocarbons and Energies Franklin Molina.

Net profit at Gazprom Neft tumbles over 40% in Q2

28 August 2023

Net profit at Gazprom Neft, the oil arm of Russia’s state-owned Gazprom, tumbled 40% year on year in the second quarter on the back of weaker prices, the company reported on August 24.

Indonesia to enhance gas supply to fulfil national and ASEAN demand

28 August 2023

Indonesia, as part of ASEAN, is committed to enhancing gas supply to ensure both national gas demand and the supply to the ASEAN region are met, Warta Ekonomi reported.

Oil industry is not the villain, says CEO of Brazil’s Petrobras

28 August 2023

The oil-and-gas industry is essential for the global energy-transition process, according to Petrobras CEO Jean Paul Prates. “We need to understand that the industry is not only part of the problem, but also part of the solution."

Oil spill spreading from undersea pipeline leak in southern Iran

28 August 2023

A leak in undersea oil transmission pipeline has resulting in a spreading oil spill in the port city of Bandar Genaveh in Bushehr Province in the south of Iran, a local official with the Department of Environment, Abdulrahman Moradzadeh, announced.

Indonesia's national electricity company to work with Malaysian power firms on cross-border interconnection development

28 August 2023

PT PLN (Persero), the state-owned electricity company of Indonesia, is in discussions with two Malaysian power companies, Sabah Electricity Sdn Bhd (SESB) and Tenaga Nasional Berhad (TNB), for the development of cross-border interconnection systems.