Latest Stories

Italy received about 7.4 bcm of gas from Azerbaijan via TAP in 9 months

24 November 2023

Gas supplies from Azerbaijan to Italy via the Trans-Adriatic Pipeline (TAP) in January-September 2023 amounted to 7.373 bcm, which is 4.3% less than the same period in 2022.

Ukraine suffering from energy ‘deficit’ as winter temperatures begin to see demand surge

24 November 2023

Ukraine is grappling with a severe energy crisis, with the country’s grid operator Ukrenergo reporting on November 23 that it is unable to generate sufficient electricity to meet the surging demand for heating.

Gotion InoBat Batteries JV to build gigafactory in Slovakia

24 November 2023

Chinese-Slovak joint venture to build 20 GWh battery plant that will employ 1,500.

Czechia secures capacity in German LNG terminal

24 November 2023

Majority state state-owned Czech energy utility CEZ secured annual capacity, amounting to 2bn square metres until 2027, at the Stade LNG terminal, which is currently under construction and is located near the German port city of Hamburg.

India's gas consumption jumps in September due to rising electricity demand

23 November 2023

India’s gas consumption saw its ninth consecutive month of growth in September, according to data released by the Gas Exporting Countries Forum (GECF) in its monthly November report.

Nigeria, Germany sign deals on gas and renewable energy

23 November 2023

Nigeria has signed a deal with Germany to increase gas exports, with Berlin pledging to invest $500mn in renewable energy projects in return, according to an announcement by the Nigerian government.

Waltersmith Modular Refinery expansion to be completed by 2025

23 November 2023

A modular refinery owned by Waltersmith Petroman Oil Ltd. has received praise from the Nigeria’s federal government.

Sustainable aviation fuel project launched in UAE

23 November 2023

A consortium consisting of eight founding entities has announced the launch of a new sustainable aviation fuel (SAF) project in the UAE called Air-CRAFT.

Freeport LNG receives federal approval to restart full operations

23 November 2023

US LNG producer Freeport LNG was granted approval by the Federal Energy Regulatory Commission on November 22 to return to service its Phase II infrastructure.

Santos forecasts fall in output for 2024 amid end of LNG field life

23 November 2023

Australian energy company Santos forecasts a drop in output for 2024 on the back its Bayu-Undan LNG field’s life coming to an end.

ExxonMobil on the hunt for more suppliers for its Guyana operations

23 November 2023

ExxonMobil Guyana is looking to engage with multiple suppliers over the provision of a new set of onshore and offshore services as part of its Stabroek Block operations offshore Guyana.

Brazil's president urges Petrobras to adjust investment plan

23 November 2023

Brazil's president, Luiz Inacio Lula da Silva, has reportedly urged the head of state-run oil firm Petrobras to adjust the company's 2024-2028 investment plan, with a focus on prioritising local job creation.

Mexico’s president requests weekly spending updates from Pemex

23 November 2023

In an effort to curb excessive spending at Pemex, Mexico’s state-owned energy major, President Andres Manuel Lopez Obrador has directed the company to provide weekly spending updates to the head of the country's tax authority.

Brazil’s Braskem open to due diligence following ADNOC's offer for Novonor’s stake

23 November 2023

Brazil’s petrochemicals major, Braskem, has expressed its willingness to undergo due diligence across all of its operations in response to an offer from Abu Dhabi's state-owned Adnoc for a controlling stake in the company.

Nigeria oil minister threatens licence revocation for inactive operators of marginal fields

23 November 2023

Speaking during a visit to Waltersmith Petroman’s modular refinery in Imo State, Senator Heineken Lokpobiri, the Minister of State for Oil, called out the companies that have been given licences but have not invested.

CEE Bankwatch slams new wave of Balkan gas projects

23 November 2023

NGO urges development partners to stop funding fossil fuel projects in the region and focus only on renewables.

Shell and Trinidad's NGC nearing approval for joint gas venture in Venezuelan waters

23 November 2023

Venezuela is set to grant a licence to Shell and Trinidad and Tobago's National Gas Co. (NGC) to exploit a promising offshore natural gas field, with plans to export the production to Venezuela.

Russian regional oil major Tatneft surprises with 3Q23 dividend

23 November 2023

The board of the Russian regional oil major Tatneft of Tatarstan Republic recommended a 3Q23 dividend of RUB35.17 per share, making a dividend yield of 5.7%, Renaissance Capital wrote on November 22.

Iran voices support for OPEC+ decisions as policy meeting postponed

23 November 2023

Iran will back any decision by the Organization of the Petroleum Exporting Countries and allies, known as OPEC+ in its upcoming meeting, Oil Minister Javad Owji said, hours before the oil cartel delayed the weekend session to November 30.