Latest Stories

Russia predicts rebound in oil export prices over next three years

12 September 2023

Russia’s government remains bullish on the export price for the country’s oil, predicting continued growth over the next three years, Bloomberg reported citing a presentation made to Prime Minister Mikhail Mishustin on September 7.

Hitachi Energy India Ltd wins contract to connect 300-MW solar project in Rajasthan

12 September 2023

Hitachi Energy India Ltd has secured a contract from Ayana Renewable Power to facilitate a crucial grid connection solution for an expansive 300-MW solar photovoltaic project situated in Bikaner, Rajasthan.

Guyana playing pivotal role in reducing Europe's dependency on Russian oil

12 September 2023

Guyana’s growing oil industry is playing a pivotal role in reducing Europe’s reliance on Russian supplies, said ExxonMobil Guyana President Alistair Routledge. He said ExxonMobil expects Guyana to produce more than 1mn barrels per day by 2028.

State-owned Gulf of Suez Petroleum Company averages 56,200 bpd in financial 2022/2023

12 September 2023

The throughput of the majority state-owned Gulf of Suez Petroleum Company (GUPCO) – which focuses on producing oil and gas from Gulf of Suez – averaged 56,200 barrels per day in the financial year that ended last June.

The climate crisis is here, the ecosystem is starting to collapse

12 September 2023

The climate crisis is here and the world’s ecosystem has already started to collapse. This summer has been marred by all-time record temperature highs, destructive flash flooding and record storms. Is it too late to stop a disaster?

Russia mulls drastic measures as domestic fuel shortage crisis grows

12 September 2023

Senior Kremlin figures are calling for a ban on the export of petroleum to prevent gas stations across Russia from running dry.

Ukraine recaptures Black Sea oil rig from Russia

12 September 2023

Ukraine’s armed forces have recaptured an oil and gas platform in the Black Sea that had been under Moscow's control since 2015, Ukraine’s intelligence services said in a statement on September 11.

Gabon junta appoints new oil minister

12 September 2023

The military junta that seized control of Gabon’s government in late August has appointed Marcel Abeke to head the country’s Ministry of Oil, Gas, Hydrocarbons and Mines.

G-20 agree to increase renewables, but no deal on fossil fuels

12 September 2023

The G-20 leaders have agreed to triple renewable energy by 2030 but they missed the boat on fossil fuels.

Indonesia to move away from fossil fuels, swamp gas now a fuel option

12 September 2023

Indonesia is a nation optimistic about leading the charge in energy transition, particularly when it comes to moving away from fossil fuels.

The Global Biofuel Alliance and revamping future power generation

12 September 2023

With the world focused on the refusal of the G20 to condemn Russian aggression against Ukraine in New Delhi, Indian efforts at establishing a worldwide biofuel alliance took something of a back seat when news agencies did their usual summit wrap-up.

Czech oil imports from Russia rose to a decade high in 1H23

11 September 2023

Share of Russian crude oil imports into Czechia is the highest since 2012 at 65%.