Latest Stories

Brazil’s ANP authorises four more companies to bid for pre-salt fields

Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) has added four more international oil companies (IOCs) to its list of businesses eligible to participate in the next pre-salt bidding round.

Gunvor, Swiss prosecutors strike settlement deal on African corruption case

Gunvor, one of the world’s largest crude oil trading companies, has settled a criminal case in Switzerland regarding its activities in Cote d’Ivoire and the Republic of Congo.

Central Asia’s electricity network – underpowered and fragmented

Power planners were left with major headaches when the demise of the Soviet Union caused all Central Asian Power System (CAPS) member states to scramble to remake their grids along national lines. However, pan-region ideas are now back in fashion.

Latvenergo the most valuable Latvian company for 11th successive year

Bulgaria launches 11km gas pipeline stretch of Balkan Stream

Russian petrochemical giant Sibur produces first polyethylene from its own feedstock at ZapSibNeftekhim

After the ramp-up to its full capacity, the ZapSibNeftekhim petrochemical facility will manufacture 1.5 mt of polyethylene per year, making it Russia’s largest polymer production facility.

Iraq receives another four-month sanctions waiver

Sudan, Ethiopia agree to build joint oil pipeline

The governments of Sudan and Ethiopia are reportedly planning to work together to build a crude oil pipeline capable of serving both countries.

Rosneft builds base in Arctic

Rosneft has won subsoil rights to a new oil and gas block in the north of the Krasnoyarsk region, consolidating its position in the Arctic.

Uzbekistan and IFC sign mandate on development of 900 MW of solar power

Sylva: Nigeria does not expect full recovery of $62bn claims against investors

Nigeria does not expect to recover all of the $62bn in claims it has lodged against oil companies.

ADNOC signs Ghasha deal, signals downstream intent

Socar’s drilling unit opens rep office in Turkish capital

Angola hopes reforms will help boost oil production, attract investment

Jose Massano, the governor of Angola’s Central Bank, hopes the government’s plans for economic reform will facilitate efforts to privatise key state-owned enterprises, including a stake in the national oil company (NOC), Sonangol.

Gazprom starts filling TurkStream with gas

Japan, France offer revised loan to Iran of $18.4bn to stay in JCPOA

Shell puts Egypt’s Western Desert upstream assets on the block

Lithuania considers banning purchases of electricity from Belarus’ nuclear power plant

President Gitanas Nauseda says he wants to prevent countries with “unsafe nuclear power plants” from exporting electricity to Lithuania, but fellow Baltic states Estonia and Latvia appear not to share his concerns.

Montenegro to cancel contracts for construction of six small HPPs to avoid environmental damage

Tajikistan’s massive Rogun hydropower dam: a blessing or a curse?

Poorest Central Asian nation Tajikistan is in danger of defaulting on its first ever Eurobond as the construction of the giant Rogun hydropower dam gobbles up scarce resources.

North Macedonia receives 44 bids for 27 MW solar plants on private land

S&P upgrades Georgian Oil and Gas Corporation rating to BB-

US extends sanctions waiver on Iraqi purchases of Iranian gas and electricity by 120 days

Ukraine to tap more gas from Poland

Woodside delays Browse FID, brings forward Pluto LNG expansion

Australia’s Woodside Energy has delayed a final investment decision on its proposed Browse mega-project to the second half of 2021, but has also brought plans to approve its Scarborough gas project and Pluto LNG expansion forward.