Latest Stories

US’s Apache plans to invest $1.4bn in oil and gas activities in Egypt in 2024

21 August 2023

US independent hydrocarbons producer Apache plans to invest $1.4bn in oil and gas exploration and development in Egypt in 2024 to expand production volumes, media sources reported citing an announcement by the prime minister’s office.

Asian solar module makers could face steep new US import tariffs

20 August 2023

An investigation by the US federal government has found that some manufacturers in Asia have been illegally bypassing tariffs on Chinese solar equipment. They now face high duties.

Australian offshore wind makes progress – REZ site planned off NSW

20 August 2023

In 2022, when the government of New South Wales made public the goal of a future Renewable Energy Zone in the state, 44 firms declared an interest. Eight of these included the possibility of offshore wind generation in their proposals.

US cell firm installs first 600-kW portion of 10-MW project in Taiwan

20 August 2023

San Jose-based Bloom Energy has completed the first step of installing a series of solid-oxide cells in Taiwan. An initial 600-kW Energy Server unit was successfully put in place and tested at a site straddling a vehicle parking area at the company.

Military tension in the Black Sea is similar to the Iran-Iraq war threats to oil trade

19 August 2023

Tensions in the Black Sea between Russia and Ukraine have escalated rapidly in the last few weeks, drawing comparisons with the 'tanker war' of the 1980s.

US rig count continues steady decline

18 August 2023

Active US oil and gas rig counts have been trending downward for several months as shale drillers scale back activity, even as overall production continues to edge upwards.

Equinor hires rig for more exploration offshore Eastern Canada

18 August 2023

Norway’s Equinor has hired a drilling rig to carry out more exploration for oil and gas offshore Newfoundland and Labrador.

Chesapeake to offload remaining Eagle Ford assets for $700mn

18 August 2023

US independent Chesapeake Energy announced this week that it had struck a deal to sell its remaining Eagle Ford shale assets to SilverBow Resources for $700mn.

US’s New Fortress Energy expects to launch Brazil’s Barcarena FSRU terminal in Q4

18 August 2023

New Fortress Energy is expecting to launch its Barcarena floating storage regasification unit (FSRU) in the fourth quarter. Besides an FSRU, the terminal includes a jetty, a three-kilometre pipeline, and a gas conditioning station.