Latest Stories
Corruption probe unveils misconduct at Ukrainian Railways: four employees implicated
Four employees of Ukrainian Railways (UZ) are suspected of fraud, following a three-year-long investigation, the Kyiv Independent reported on June 14.
Trinidad to restart idled Atlantic LNG unit by 2027
Trinidad and Tobago has revealed it plans to restart Atlantic LNG’s idled liquefaction train one. Latin America’s top LNG exporter hopes to have the unit restarted by the end of the first quarter of 2027, Reuters reported on June 7.
ICC arbitrators rule in favour of Ecopetrol’s Reficar subsidiary in case against CB&I
A subsidiary of Colombia’s Ecopetrol will receive a settlement of over $1bn, as the ICC has ruled in its favour in an arbitration case against a contractor.
Young reaffirms T&T’s commitment to oil and gas
Trinidad and Tobago’s Minister of Energy and Energy Industries Stuart Young has responded to criticism of fossil fuels by reaffirming support for continued development of hydrocarbon resources.
Qatar picks Air Products to provide LNG equipment for North Field South Project
State-owned gas giant Qatargas has selected US firm Air Products to provide its LNG Process technology equipment for the huge North Field South (NFS) project in Ras Laffan the American company revealed on June 13.
Iran, Venezuela oil contract details
On June 13, Iran and Venezuela signed three oil contracts for the reconstruction and renovation of petrochemical sites, the development of the Jose oil terminal, and the export and equipping of five gas pressure boosting stations.
Pemex raises gas flaring volumes at Ixachi despite previous pledges
Mexico’s national oil company Pemex has increased the volume of natural gas burned off at the Ixachi field despite its previous pledges to reduce flaring.
Wei-1BP1 well reaches TD at Corentyne block
Canada’s CGX Energy says Wei-1BP1, its bypass exploration and appraisal well at the Corentyne block offshore Guyana, has successfully reached the total depth of 6,233 metres.
Russia’s Novatek reported to have offered LNG technology to Argentina
Russia's Novatek reportedly offered to make technology available for an LNG project targeting fields in Argentina’s Vaca Muerta shale formation, but did not manage to strike a deal.
Iran: Petrochemical products now known across the globe
Iranian ambassador to Russia Kazem Jalali noted on Sunday that there had been an increase in trade between Iran and Russia, particularly in petrochemical and technological sectors.
Seized Iranian tanker to have cargo of oil unloaded by US
The ship – carrying an estimated 800,000 barrels of oil – is currently anchored 70 miles (112 km) offshore from Galveston having arrived on May 29, according to satellite imagery and transponder location data.
Petrofac signs $1.5bn petrochemicals deal, Algeria
An engineering procurement and construction contract for a $1.5bn complex located in Arzew Industrial Zone has been awarded to Petrofac by STEP Polymers, a subsidiary of Algeria’s state-owned Sonatrach.
Russia’s FinMin to pull tax breaks from mature oilfields
Russia’s Finance Ministry plans to cancel the 20% deduction from the mineral extraction tax (MET) for depleted oilfields that account for more than 25% of crude output, Kommersant daily reported citing unnamed sources.
South Africa turns to China’s renewable energy technology to help solve energy crisis
At the China-South Africa New Energy Investment and Cooperation conference on Tuesday, June 13 in Johannesburg, Ramokgopa highlighted opportunities for Chinese energy companies to become involved in South Africa’s energy development.
Nigeria-focused San Leon Energy in advanced refinancing talks amidst credit pressure, asset sale
The announcement follows San Leon’s public acknowledgement of pressure from its creditors, to whom it owes around $10.5mn. However, the company assured stakeholders that its substantial asset base, worth $115mn, ensures its financial stability
ACWA agrees on roadmap with Kazakh authorities on $1.5bn wind energy and battery storage project
Axens signs deal with KMG on supplying process design package for AlphaButal technology
Mozambique agrees to supply 100 MW of electricity to energy-short neighbour South Africa
South Africa will immediately start importing 100 MW of electricity from neighbouring Mozambique to help ease the intensity of blackouts (load-shedding) in the country.
Follow us online