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Iranian oil output at 3.4mn bpd, says minister
Iran’s oil production has reached 3.4mn barrels per day, said Oil Minister Javad Owji, confirming earlier data provided by a domestic union that crude output has hit a new high since 2018.
Iraq wants to spend $100bn in turning its economy green
Nizar Amedi, Iraq's Minister of Environment, announced on October 26 the country's commitment to sustainable green economy investments, eyeing a transformative value of up to $100bn by 2035.
South Africa power utility Eskom transfers load shedding operations to City Power Johannesburg
South Africa’s state-owned power utility Eskom will hand over operations to implement power outages, or load shedding, to City Power Johannesburg.
Indonesia's gas reserves create opportunities for infrastructure expansion
In the last decade, Indonesia has discovered a significant gas reserve exceeding its oil reserves. This abundance makes infrastructure development essential for monetising these gas reserves
Turkey fails to respond to Iran call for ban on shipping oil to Israel
At an Ankara press conference, Turkey’s top diplomat leaves boycott appeal voiced by his Iranian counterpart hanging in the air.
Vietnam greenlights VND3.09 trillion investment in 500 kV transmission line project
In a move to bolster its power infrastructure, Vietnam has given the green light to a substantial investment in the 500 kV Nam Dinh I thermal power plant–Thanh Hoa transmission line project
NTPC announces Q2 2023 financial results with net profit of INR47.26bn
NTPC Limited, a prominent player in the Indian power sector, has reported a substantial net profit of INR47.26bn for the quarter ending in September 2023
Indonesia's nuclear power future: NuScale Power and ThorCon announce plans
Indonesia is set to embrace a new era of nuclear power generation as two prominent US companies, NuScale Power and ThorCon Power, unveil ambitious plans to establish nuclear power plants in the country
Shandong's Haiyang Nuclear Power Plant sees Units 1 and 2 Generate 100 TWh of clean energy
The Haiyang nuclear power plant in China's Shandong province, has reached a remarkable milestone
Bulgaria hikes natural gas price by 36% for November
Argentina may cut fuel exports amid shortage, Massa warns
Sergio Massa, Argentina's economy minister and a presidential candidate, has warned that the country may bar oil producers from exporting if they don’t do enough to increase the local supply amid a national fuel shortage.
Petrobras to use carbon credits to offset gasoline emissions
Brazil’s state-owned energy major, Petrobras, is to utilise the 175,000 carbon credits it acquired in September to offset the carbon emissions generated by approximately a year's supply of its premium gasoline.
Brazilian MPs set up caucus to lobby for oil, gas sector
Brazilian MPS have formed a caucus to lobby for the interests of the oil-and-gas industry, which is mostly controlled by state-owned energy major Petrobras. The caucus supports exploration near the mouth of the Amazon.
Petrobras' Q3 output hits record highs, capacity utilisation at 96%
Brazil's state-owned energy major, Petrobras, posted record high production in the third quarter, helped by a healthy increase in its pre-salt output. Production stood in Q3 at 3.98mn barrels of oil equivalent per day, up 7.8% from Q2.
Brazil’s Minas Gerais state to pass binding mandate for ethanol use in public fleet
In an effort to boost demand for ethanol, the chamber of deputies of Brazil’s state of Minas Gerais has introduced a bill suggesting that heads of public agencies opt to fuel their flex-fuel vehicles with hydrated ethanol.
Brazil’s draft bill on single-use plastics ban sparks jobs concerns
Brazil's efforts to ban single-use plastics have raised concerns within the chemicals and plastics industry, which warns of the possibility of a significant loss of jobs if companies cannot adapt to the proposed regulations.
Stabroek Block partners initiate purchase of Liza Unity FPSO
Hess indicated in its Q3 earnings report that the company and its partners in Guyana’s offshore Stabroek Block are in the process of purchasing the Liza Unity floating production, storage and offloading vessel.
Iran takes aim at energy consumption with sweeping reforms
Iran is seeking to cut down high energy consumption through efficiency and saving measures enshrined in a sweeping government-proposed bill.
BP’s expanded Indonesian Tangguh LNG facility ships first cargo
BP’s Tangguh LNG plant has delivered the first cargo of LNG produced from the facility’s new third liquefaction unit the company announced on October 20.
EBRD pledges $85mn for North Macedonia's green energy transition
South Africa’s DFFE grants environmental authorisation to Karpowership
Turkish generator Karpowership has received environmental authorisation for one of its three ship-mounted power plants to connect to the South African grid.
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