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Mexico's electric vehicle output to increase by 179% in 2023

Mexico's production of electric vehicles (EVs) is set to rise by 179% in 2023, compared with 2022, according to a report by Mexican consultancy American Industries Group.

Russian petrochemical major Sibur posts $367mn profit in 1H23

The net IFRS profit of Russian petrochemical major Sibur in 1H23 amounted to RUB35.4bn ($367mn), Tass reported citing the company. Sibur's revenue in 1H23 reached RUB490bn ($5bn).

Mocean, Aker partner on wave power for oil and gas hubs

Aker Solutions Subsea and Mocean Energy are entering a joint venture to extend the life of existing oil and gas hubs with wave energy.

Workers at two Chevron LNG plants in Australia to strike from September 7

Unions at Chevron’s two large Australian LNG facilities have stated they will take industrial action beginning September 7.

Colombia cancels tender for Pacific LNG regasification project

The competitive bidding process for Colombia's proposed Pacific LNG regasification project has been invalidated due to insufficient interest, the government’s Mining and Energy Planning Unit (UPME) announced on August 28.

EU scouts Africa for SAF projects

The European Union has banked on Africa backing sustainable aviation fuel (SAF) projects for its Global Gateway infrastructure fund ahead of an expected increase in demand for sustainable air travel, according to an EU official.

Transnet sues Sasol for $44mn pipeline tariffs

Transnet SOC Ltd. is suing Sasol and TotalEnergies SE for issues pertaining to the usage of its pipeline to transport crude oil to jointly owned Natref refinery in Sasolburg, Durban.

Uzbekistan’s 7M23 EV imports grow sixfold

Siemens’ wind turbine problems could cost €4.5bn

The problems at Siemens Energy's wind turbine subsidiary could cost as much as €4.5bn ($4.9bn), reports manager magazin, citing anonymous sources.

Field to break ground on battery storage site in Wales

Field is to break ground within weeks on its 40-MWh battery storage site in Newport, South Wales. The ground-breaking will occur son, and the storage facility should be connected to the grid in the third quarter of 2024.

Venezuelan President Maduro appoints new PDVSA board, confirms Tellechea as chief

The government of Nicolás Maduro formally announced on August 28 the freshly constituted board of directors for the state-owned oil behemoth Petróleos de Venezuela (PDVSA), while also reaffirming Pedro Tellechea as the company's president.

Washington allows Eni and Repsol to strike ‘oil-for-debt’ deal with Venezuela’s PDVSA

Italy’s Eni and Spain’s Repsol, two leading European oil companies, have unveiled ambitious plans to broaden an oil-for-debt arrangement with Venezuela – a move that appears to have secured the blessings of US authorities.

Four companies show interest in Peru petrochemical project

Peru's Economy and Finance Minister Alex Contreras announced on August 29 that four companies have expressed interest in the construction of a petrochemical facility in the southern region of the country, reported Andina.

Bulgaria invites Slovenia to join project for new reactors at Kozloduy NPP

Bulgaria has invited Slovenia to join a project for the construction of new reactors at its Kozloduy nuclear power plant. Sofia has already invited Greece to also join the project.

Orlen's sales to Ukrainian customers surge by 61.9% in H1 2023

Polish energy giant Orlen made substantial gains in its sales to Ukrainian customers during the first half of 2023, increasing by 61.9% compared to the same period last year, Ukraine Business News reported on August 30.

Dominican Republic seeks oil refinery deal with Guyana

The Dominican Republic is looking to build an oil refinery in Guyana. Dominican Energy Minister Antonio Almonte claims that this plan is crucial to the country’s plan to boost its energy security.

US oil trader hit again in Petrobras bribery case

Nuclear power generates nearly half of Ukraine's electricity needs

Nuclear power led the way in Ukraine’s electricity production in the first seven months of 2023, Ukraine Business News reported on August 30.

Major Iranian oil company reports 35% growth in output

Karoun Oil and Gas Production Company, a subsidiary of the National Iranian Oil Company, has recorded a remarkable 35% increase in output over the past six months.

President acknowledges nine-year slump in Bolivia’s gas production

Data from state energy company Yacimientos Petrolófilos Fiscales Bolivianos (YPFB) show Bolivia’s natural gas production peaked at 59.6mn cubic metres per day in 2014 but by the end of 2022 it had dropped to just 41.3 mcm per day.

Brazil’s Petrobras signs closing of Golfinho, Camarupim clusters

Petrobras has concluded the transfer to BW Energy Maromba do Brasil of its entire stake in the Golfinho Cluster and Camarupim Cluster maritime concessions located in the post-salt in the Espirito Santo Basin.

Turkey keen to restart Kirkuk-Ceyhan pipeline operations

Talks between Iraqi, Kurdish and Turkish authorities suggest that oil flows to the Mediterranean could be close to resuming

Sinopec makes large gas discovery in Sichuan Basin

China Petroleum & Chemical Corporation (Sinopec) announced last week that it had made a large gas discovery in the Sichuan Basin. The company described the find as a breakthrough for its Project Deep Earth Sichuan and Chongqing natural gas base.

IRENA: New renewables’ affordability increases despite inflation

The fossil fuel price crisis has accelerated the competitiveness of renewable power, says a new report by the inter-governmental International Renewable Energy Agency.

India's diesel exports to Singapore hit 19-month record high in August, as profits on European deliveries squeezed

India's diesel exports to Singapore are poised to reach a 19-month peak in August, surging beyond 330,000 tonnes on August 30.