Latest Stories

Taiwan blackouts loom as another NPP goes offline

17 March 2023

Taiwan took a significant step closer to going fully non-nuclear last week when Unit 2 of the nation’s Kuosheng Nuclear Power Plant in the north of the country, not far from Taipei, was reported as having been safely shut down.

Naftogaz Group launches new gas well in Ukraine to produce 340,000 cubic metres per day

17 March 2023

Naftogaz Group has launched a new well that can produce 340,000 cubic metres of gas per day, Ukraine Business News reported on March 15.

Egypt’s import bill for hydrocarbons and their by-products retreated by $76mn to $1bn in December 2022

17 March 2023

Egypt’s import bill for hydrocarbons and their by-products retreated by $76mn to $1bn in December 2022, mostly affected by falling imports of crude oil and refined petroleum products.

ConocoPhillips' Alaska Willow project okayed, more of Arctic off-limits to oil leasing

16 March 2023

The Biden administration has approved a scaled-back version of ConocoPhillips’ $7bn Willow project in Alaska, the US Department of Interior said on March 13.

Jadestone delays Montara restart

16 March 2023

Jadestone Energy has had to postpone the restart of production at its Montara project off the coast of Australia, it said this week. The project was closed down in August 2022 after a leak was discovered.

Prime Infrastructure plans new gas wells at Philippines' Malampaya project ahead of IPO

16 March 2023

Philippine holding company Prime Infrastructure Capital plans to sink more wells at the country’s sole natural gas project for launch in 2026, and wants to develop other fields to maintain production for longer.

Shell closes Malaysian field stake sales

16 March 2023

Shell’s Malaysian unit has wrapped up the sale of stakes in two offshore production-sharing contracts in the country’s Baram Delta to domestic player Petroleum Sarawak Exploration & Production (PSEP), the former reported this week.

Funding being lined up for Senegalese refinery upgrade

16 March 2023

The African Export-Import Bank (Afreximbank) is currently engaged in talks with Senegal’s state oil refiner to provide $500mn in syndicated finance to facilitate an upgrade of the country’s sole refinery.

Wind power generation projects bring improved energy security, create job opportunities in Africa

16 March 2023

Wind energy generation is becoming increasingly popular in many parts of Africa owing to the continent's abundant wind resources and the need to diversify energy sources to reduce dependence on fossil fuels.

Capacity utilisation rising at Nigeria LNG

16 March 2023

NLNG has reportedly seen utilisation rates rise since the beginning of 2023, marking a partial recovery from the production issues it experienced in Q4 2022.

Angola’s ANPG hopes revised deals with ExxonMobil will draw investment to Namibe basin

16 March 2023

ANPG, Angola’s upstream petroleum industry regulator, has signed addenda to agreements covering three offshore blocks in a bid to attract more investment to the Namibe basin.

NFE concludes sale of 50% stake in Hilli Episeyo FLNG operating offshore Cameroon to Golar LNG

16 March 2023

US-based New Fortress Energy (NFE) confirmed on March 15 that it had concluded the sale of its entire stake in the Hilli Episeyo, an FLNG vessel operating offshore Cameroon, per the terms of the deal it signed with Bermuda-registered Golar LNG.