Latest Stories

Petrobras aims to make decommissioning of oil platforms more sustainable

13 September 2023

Petrobras has signed an agreement with Porto do Acu (RJ) to provide support in the decommissioning of oil-and-gas platforms. The deal is part of Petrobras’s plan to decommission a total of 26 platforms by 2030.

Russia's lost opportunity in the energy transition

13 September 2023

Russia has lost, potentially irrevocably, its status as Europe’s top gas supplier as a result of its invasion of Ukraine and its subsequent weaponisation of supplies.

India’s ONGC deems New Delhi’s imports of Russian crude a win-win for the world economy

13 September 2023

India’s leading oil firm, Oil and Natural Gas Corporation Ltd (ONGC) has called the nation’s ongoing imports of Russian crude a ‘win-win’ for the world economy.

Iran becomes third-largest crude oil producer in OPEC as Saudi turns down taps

13 September 2023

Iranian production hits 3mn bpd in August, rising by 143,000 bpd compared to July.

As many as 5,000 feared dead in Libya

13 September 2023

More than 5,000 people are feared dead and 10,000 missing in Libya after Storm Daniel tore through the north African country on Sunday, according to reports. The situation has been described as “catastrophic”.

EGCO Group invests in 50% stake of 1,304-MW power portfolio in the US

13 September 2023

EGCO Group, a leading Thai power company, has acquired a 50% stake in the EGCO Compass II, a subsidiary registered in the United States

Russian filling stations suffer losses amid soaring wholesale fuel prices

13 September 2023

Filling stations in Russia are currently loss-making, Vedomosti reported on September 7 citing data from Russian consultancy Petromarket, as a result of soaring wholesale prices for fuels.

Russia near to finalising route of Power of Siberia 2 pipeline

12 September 2023

Russia is near to finalising the route of the Power of Siberia 2 pipeline that will run to China through Mongolia, Deputy Prime Minister Alexander Novak wrote in an article on September 6.