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Iran, Azerbaijan open border hydro dam on shared river
Iran and Azerbaijan opened a hydroelectric dam on their border with officials calling the megaproject a symbol of “long-term cooperation” and “friendship and amity” between the two nations despite political disagreements in recent years.
TSX-listed Africa Oil lauds "strong" start to 2024 after two farm-down deals in Namibia, South Africa
Estonia’s state-controlled Eesti Energia to be subject to special audit
Estonian Minister of Finance Mart Vorklaev in his capacity as the representative of Eesti Energia's sole shareholder, the government, has appointed law firm Sorainen and audit firm Grant Thornton to conduct a special audit of the company.
MEOG: Chinese firms dominate Iraqi bidding
Nigerian Senate suspends discussion on electricity tariff increase
The Nigerian Senate has halted discussion on a committee report that advised against the electricity tariff increase announced by the National Electricity Regulatory Commission.
South Sudan and Ethiopia eye oil and gas collaboration to boost economies
South Sudan's Vice President for Infrastructure Cluster, Taban Deng Gai, has emphasised the critical need for his nation and Ethiopia to jointly invest in the oil and gas sector to fortify their economies.
Seplat inaugurates ANOH gas processing plant
Seplat Energy has inaugurated the ANOH gas processing plant, a facility with the capacity to generate electricity for 5mn Nigerians.
Senegal making strides in advancing offshore oil and gas projects
The Senegalese national oil company Petrosen has said it expects to see first production from the country’s inaugural offshore oil development in the coming days. The Sangomar deepwater oilfield will produce 100,000 bpd of crude oil.
Turkey simply relabels Russian oil products and exports them to Europe, research indicates
Country appears to have quite brazenly emerged as a strategic pitstop for fuel products from Russia rerouted to the EU.
Global warming acceleration at its peak but the La Nina effect this year will reduce temperatures less than expected
Global temperature is now near its peak due to El Niño aerosol decrease. How far will it fall in the coming La Niña? Less than expected.
Pertamina and ExxonMobil to develop carbon capture storage hub in Southeast Sumatra
PT Pertamina Hulu Energi, a subsidiary of the state oil and gas company Pertamina, and ExxonMobil have announced the establishment of a technology hub for carbon capture storage and carbon capture utilisation storage.
Romania’s Romgaz prepares €1.5bn MTN scheme to finance Neptun Deep offshore project
Romania’s natural gas company Romgaz, with Rothschild as its adviser, has hired JP Morgan to lead a consortium of banks that will handle the sale of bonds on the foreign market under an MTN scheme intended to finance Neptun Deep offshore project.
Indonesia’s Chandra Asri Pacific secures acquisition of Shell Energy and Chemicals Park in Singapore
Premier Energy completes successfully Bucharest IPO and prepares for listing
Electricity and natural gas utility company, Premier Energy, announced that it has successfully completed the IPO under the Base Deal Scenario at a price of RON19.5 (€3.92), close to the lower limit of the RON19-21.5 indicative price range.
Adaro Energy Indonesia shifts focus to green energy with $300mn investment
Adaro Energy Indonesia, traditionally a coal-centric company, is boldly shifting towards renewable energy
Azerbaijan's commercial oil production decreases, gas production increases
According to the State Statistics Committee, the production of the main product of the sector, commercial oil, was 9.619mn tonnes, while commercial natural gas production was 12.7427 bcm.
India presents vision for renewable energy leadership at hydrogen summit
Secretary of India’s Ministry of New & Renewable Energy Bhupinder Singh Bhalla speaking at the World Hydrogen Summit 2024 in Rotterdam presented from the podium on India’s strategic advancements in renewable energy and green hydrogen
Brazil’s Eletrobras and Green Energy Park mull green hydrogen production
Eletrobras, Latin America’s largest utility, has signed a memorandum of understanding (MoU) with Green Energy Park (GEP) to explore opportunities for green hydrogen production.
Rotterdam Foundation signs MoU for green economy projects in Egypt’s Suez Canal Economic Zone
Egypt Gas posts 48.1% y/y surge in net profit to $2.96mn in Q1
Egypt Gas posted a 48.1% y/y rise in its net profit after tax in Q1 of the current year to EGP 138.966mn ($2.96mn), the private energy company said in a bourse filing on Thursday, May 16.
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