Latest Stories

Maroil reportedly continues exporting petcoke for PdVSA under spot contracts

1 August 2023

Venezuela’s PdVSA has taken steps to ensure that petroleum coke exports continue, even though it has yet to conclude ongoing contract negotiations.

Guyana’s Parliament slated to consider Petroleum Activities Bill on August 3

1 August 2023

Guyana’s Vice President Bharrat Jagdeo says the latest version of the Petroleum Activities Bill will be presented to Parliament on August 3, 2023.

PdVSA’s Cardon and Amuay refineries resume operations

1 August 2023

Venezuela’s PdVSA has seen significant reductions in the lengths of queues forming at its filling stations since the resumption of operations at two major refineries.

MPC Energy Solutions reports on performance in H1 2023

1 August 2023

MPC Energy Solutions (MPCES), a Dutch company focused on sustainable energy initiatives in Latin America and the Caribbean, has on its operational and financial performance in the first half of 2023.

AES El Salvador launches 1.3-MW solar farm in Meanguera del Golfo

1 August 2023

AES El Salvador, the Salvadoran affiliate of US-based AES, has launched a new 1.3-MW solar power plant (SPP) in the municipality of La Union.

Ukraine to add 1.7 GW to its power system

1 August 2023

Ukraine is planning to add 1.7 GW to its power system in preparation for the coming heating season, Ukraine Business News reported on July 31.

Nigeria’s elimination of gasoline price subsidies causing problems for European refiners

1 August 2023

Nigeria’s appetite for gasoline imports has dropped significantly since the elimination of domestic fuel price subsidies in late May, and European refiners are suffering as a consequence.

EDB says $140mn will be invested in the modernisation of the Armenian HPP cascade by the year 2033

1 August 2023

The International Energy Corporation (IEC) in Armenia has announced a substantial investment of $140mn for the modernisation of the Sevan-Hrazdan cascade of hydroelectric power plants during the period of 2024 to 2033.

Paraguay, Brazil set to discuss extending treaty on 14-GW Itaipu HPP, says President-elect Pena

1 August 2023

Negotiations are set to commence between Paraguay and Brazil to extend the treaty that governs the huge, binational Itaipu dam and hydroelectric power plant (HPP).

Serbian NIS’ net profit drops 69% y/y in 1H23

31 July 2023

NIS's financial results can be attributed to the prevailing macroeconomic challenges and market trends, including the decrease in oil and oil product prices, which had the most substantial impact.

Repsol records production of 60,800 bpd in Venezuela in first half of 2023

31 July 2023

During the initial six months of the year, oil production in the South American country surged to 60,800 barrels per day, surpassing the 2020 figures of 57,500 bpd, as reported by independent outlet TalCual.

South Korea’s Anma offshore wind farm receives final environmental approval

31 July 2023

Anma Offshore Wind revealed that it has been granted a successful final environmental impact assessment (EIA) by South Korea’s Ministry of Environment for its 532-MW offshore wind farm.

Kuwait takes carrot and stick approach to shared field disputes

31 July 2023

Kuwait is seeking an end to a border dispute with Iraq, while announcing plans to proceed on another contentious project with or without a border deal with Iran

Venture Global LNG’s Calcasieu Pass 2 receives final environmental approval

31 July 2023

Venture Global LNG’s Calcasieu Pass 2 (CP2) project received environmental approval from the US Federal Energy Regulatory Commission on July 28, Reuters reports.

Clock ticking for possible disruption of Libya’s oil exports

31 July 2023

Military leader Khalifa Haftar, whose eastern-based Libyan National Army controls two-thirds of the country, including five of its nine export terminals, has threatened to bring exports to a halt unless he gets up to 90% of Libya's oil revenues.