Latest Stories

Russian gas giant Gazprom pledges stable dividend payments

11 December 2023

Possible changes in the debt leverage ratios should not affect Russia’s natural giant Gazprom's management's dividend proposals, Renaissance Capital wrote citing the deputy chairman of the management board, Famil Sadygov.

Iran to get Chinese assistance to make oil and gas fields AI-oriented

11 December 2023

Iran plans to launch a joint venture with Chinese tech companies to employ artificial intelligence (AI) to “digitalise” production in its oil and gas fields, the research and technology head of the National Iranian Oil (NIOC) said.

PTTEP achieves offshore discoveries in Malaysia, moves to engineering phase

11 December 2023

PTTEP has announced a series of discoveries offshore Malaysia, unveiling new findings in three fields off Sarawak

Vietnam's gas power development: challenges and opportunities

11 December 2023

Vietnam's National Electricity Development Plan predicts that domestic gas thermal power and liquefied natural gas will contribute a significant portion of the country's energy mix by 2030

Barito Renewables Energy surpasses Bank Central Asia in Indonesia’s market cap

11 December 2023

Barito Renewables Energy, a geothermal company owned by conglomerate Prajogo Pangestu, has claimed the top position in the list of companies with the highest market capitalisation on the Indonesia Stock Exchange

South Africa’s power utility Eskom announces appointment of Dan Marokane as group CEO

10 December 2023

Minister of Public Enterprises Pravin Gordhan on December 8 said Marokane would join Eskom no later than 31 March, 2024

South Pars to salvage 850 mcm of gas from flaring by August

10 December 2023

Iran’s biggest gas company is carrying out a ground-breaking initiative to cut down flaring in South Pars, the world’s largest natural gas field.

Iran’s oil supply hits another peak amid OPEC output slide

9 December 2023

Iran’s crude production rose again in November, hitting another five-year high, despite the first monthly drop in OPEC output since July.

India’s PV module market gets a boost

9 December 2023

Waaree Energies Limited has joined forces with IRCON Renewable Power Limited to deliver more than 200 MW of solar photovoltaic modules in Karnataka

NHOA unveils largest BESS in Taiwan to support E-dReg ancillary service

8 December 2023

New Horizons Ahead has successfully inaugurated a cutting-edge Battery Energy Storage System in Taiwan

ADB in $10bn climate finance package for the Philippines

8 December 2023

The Asian Development Bank has declared a significant climate financing initiative amounting to $10bn for the Philippines

COP28: US, Canada methane rules, Kerry slams Chevron

8 December 2023

The US has issued final methane regulations while Canada has issued a draft.

Leaked hydrogen tax guidance suggests US tax credits will not be available for blue hydrogen

8 December 2023

A leaked version of the US Treasury Department's much-awaited draft guidance on the Inflation Reduction Act's hydrogen tax credit appears to suggest that a narrow approach will be taken.

Venture Global expects lengthy start-up at second LNG plant

8 December 2023

A second LNG export plant by Venture Global should start operations in 2024 and will have a lengthy startup similar to its Calcasieu Pass LNG facility, chief executive Mike Sabel told Reuters.

Canada requires emissions cuts of up to 38% for oil and gas sector

8 December 2023

In an apparently unprecedented move, Canada will require its oil and gas sector to slash greenhouse gas emissions by 35% to 38% below 2019 levels starting in 2030.

Occidental reportedly in talks to acquire CrownRock

8 December 2023

Occidental Petroleum is in talks to buy Permian Basin producer CrownRock, according to sources quoted by several news outlets.