Latest Stories

Baking land, bath tub warm seas, melting ice caps - in charts

3 October 2023

The seas are the temperature of bath water and the land is baking. This year the rise the global temperature in June already passed the 1.5C limit compared to the 1850-1900 base set in the Paris Accords as the upper limit for global warming.

Russian government sets rules for selling ExxonMobil's Sakhalin-1 stake

3 October 2023

Russia’s government has approved rules for valuing and selling ExxonMobil’s stake in the Sakhalin-1 oil project in the Far East, the TASS news agency reported on September 29.

Thailand's power authority imports LNG to help reduce electricity costs

3 October 2023

Jiraporn Sirikam, Deputy Governor for Power Generation of the Electricity Generating Authority of Thailand (EGAT), has revealed that EGAT has procured LNG under short-term contracts from 2023 to 2027, totalling 1.2mn tonnes per year.

Pakistan's Cnergyico imports first private-sector shipment of Russian crude amid discount opportunities

3 October 2023

In a bid to alleviate its ongoing financial challenges, Pakistan's leading refiner, Cnergyico, has announced the successful importing of the country's inaugural private-sector consignment of Russian crude oil, DAWN reported October 2.

Iran misses out on $4.6bn potential earnings annually over gas flaring

2 October 2023

Gas flaring in Iran over the past decade has resulted in an annual loss of $4.6bn, according to a parliamentary report carried by the Fars News Agency on October 1.

Croatia grants licences for geothermal exploration to three companies

2 October 2023

Croatia's economy ministry has granted licences to three local companies exploration for geothermal water at five locations following an international tender as part of the country’s efforts to increase the share of locally produced renewable energy.

Turkey hikes electricity tariff for industry by 25%

2 October 2023

For households, the government introduced aggressive price cuts prior to the national elections held in May. They are still receiving electricity at prices half of wholesale prices.

New Fortress Energy’s final Altamira FLNG rig arrives in Mexico

2 October 2023

New Fortress Energy’s Pioneer II liquefaction rig has arrived in Mexico’s Altamira, where it will begin serving as the company’s first floating liquefied natural gas project.

Brazil’s natural gas output down in August

2 October 2023

Brazil's natural-gas production fell in August by 4%, month on month, although it was 5.6% higher than in August 2022, according to ANP, the country’s oil-and-gas regulator.

Iran to build new oil refinery in Syria under trilateral deal

2 October 2023

Iran plans to construct an oil refinery in Syria’s Homs Province under a trilateral deal signed with the Syria and Venezuelan governments, IRNA said in a report on October 1.

State media denies Iranian oil minister’s resignation

2 October 2023

Citing “informed sources” in the Iranian Oil Ministry, IRNA said Owji was “following up on the issues related to his ministry,” rejecting reports about his resignations as “false news.”

India’s MEIL announces $648mn Mongolia refinery contract

2 October 2023

Hyderabad-based Megha Engineering and Infrastructures Ltd announced on September 29 that it has secured a contract worth $648mn in Mongolia. The agreement pertains to the third phase of the Mongol Refinery project, as confirmed by the company.

Offshore wind vs nuclear a backdrop to Taiwan’s 2024 elections

2 October 2023

With Taiwan now on the run-in to its next round of presidential elections, the all-important issue of energy, where it comes from and if it safe, is again starting to come to the boil on the East Asian island.

Iran’s daily diesel output up by 16mn litres

2 October 2023

Iran has boosted its daily output of high-quality diesel after bringing online a processing plant at the Isfahan Refinery as part of efforts to tackle fuel demand and smuggling, said a report published by Shana on September 30.