Latest Stories

Exports by Mexican energy major Pemex rise in August despite production hiccups

4 October 2023

Pemex, Mexico’s state-owned energy major, saw its exports in August grow 17% over August 2022 as deliveries to Europe and the Far East rose healthily. The increase in exports came despite several challenges, including accidents at facilities.

AES sells minority stakes in Panamanian, Dominican assets to Grupo Linda and subsidiary

4 October 2023

US-based AES plans to expand its partnership with Grupo Linda, a company based in the Dominican Republic, through the sale of minority stakes in its Dominican and Panamanian assets.

Vestas wins 1,140 MW order for Poland’s largest wind project

4 October 2023

Danish wind turbine manufacturer Vestas has won an order for 1.14 GW of offshore turbines in Poland. The world’s largest turbine maker, Vestas will supply V236-15.0 MW turbines.

Gazprom in talks to get floating nuclear units to power Sakhalin gas fields

4 October 2023

Russia’s state-owned Gazprom is in talks with the country's nuclear power firm Rosatom on potentially providing floating nuclear power plants (NPPs) with capacities of up to 116 MW apiece to supply energy to fields off the coast of Sakhalin Island.

Eni, the Italian oil and gas company, discovers significant gas reserves in Kutai Basin, Indonesia

4 October 2023

Italian oil and gas company Eni, which currently holds the operator rights for the Indonesian Deepwater Development (IDD) block, has discovered significant proven gas reserves in the Kutai Basin Working Area (WK).

Iran signs deals with local tech firms to restore sluggish oil wells

4 October 2023

Iran’s Petroleum Industry Innotech Park (PIIP) has signed four deals with local knowledge-based companies aimed at restoring five sealed and underperforming crude wells, the Shana news agency reported on October 2.

Iran oil output hits new high in over five years

3 October 2023

Iran’s crude output has hit a new record high since 2018, the year the United States reimposed and reinforced sanctions on the country.