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South African power utility Eskom fails to build transmission network at required pace

Africa Oil secures two farm-down deals in Orange Basin offshore Namibia

Canadian oil and gas exploration company Africa Oil Corp. (Africa Oil) has secured two strategic farm-down transactions in the highly sought-after Orange Basin offshore Namibia.

South Africa’s National Council of Provinces passes electricity regulation bill ending Eskom’s monopoly

SOFAZ expected to receive $5bn from oil sales this year

CPC pipeline route that takes most Kazakh oil operating normally despite Novorossiysk drone attack, says Astana

Kazakhstan transports 3.3mn tonnes of Russian oil to China in 4M24

Kyiv embarks on energy decentralisation with plans for six mini-TPPs

Energy decentralisation took a stride forward in Kyiv as city authorities unveiled plans for the launch of six mini-thermal power plants with a combined capacity of 619 MW.

Vietnam expedites energy projects to secure power supply

Vietnam is accelerating the development of key energy projects to ensure a stable electricity supply in the short and long term.

New interest surges for Andaman III Block post Repsol and Petronas exit

Several companies have expressed interest in managing the Andaman III Block following the departure of previous operators, Repsol and Petronas

State electricity company PLN completes 110 MW Jatigede hydropower plant to boost renewable energy

State electricity company PT PLN has completed the construction of the 2 x 55 MW Jatigede Hydroelectric Power Plant in Sumedang Regency, West Java

Cambodia gears up for electric vehicle revolution

Cambodia is poised for a significant shift towards electric vehicles with the upcoming National Policy on the Development of Electric Vehicles 2024-2030

US photovoltaic panel manufacturer SEG Solar to invest $500mn in PV manufacturing facility in Indonesia

SEG Solar, a leading photovoltaic panel component manufacturer from the United States, is set to invest over $500mn to establish a factory in Batang Industrial Park, Central Java

Turkey reported as in advanced talks with China’s BYD and Chery for EV factory investments

Aramco reportedly awards Berri and Marjan maintenance deal to Saipem

Saudi Aramco has reportedly granted a significant maintenance contract to Italian engineering firm Saipem, showcasing its commitment to offshore maintenance projects.

Iraqi father sues BP over son's death from cancer

An Iraqi man has filed a lawsuit against oil giant BP believing that his son's illness was caused by gas flaring in Iraq's largest oil field.

Iranian crude output rose to 3.3mn bpd, IEA report shows

Iran’s crude oil production reached 3.3mn barrels per day in April, the International Energy Agency said, the highest level reported by the IEA since the US imposed sanctions on the country’s petroleum industry in 2018.

JERA announces $32bn investment in LNG, renewables, and new fuels

Tokyo-headquartered JERA is earmarking 5 trillion yen for investment in LNG, renewable energy, and new fuels over the next 10 years.

India’s Reliance Industries wants access to state companies owned jet fuel pipelines and storage

India’s Reliance Industries Ltd is pursuing access to the pipelines and storage facilities managed by India's public sector oil companies in a move to dominate the jet fuel market at some of Asia’s busiest airports

Seaport Global sees Venezuelan PDVSA bonds as undervalued, recommends buy

Bonds issued by Venezuela’s state oil company, PDVSA, are undervalued and should trade closer to sovereign debt levels, according to Seaport Global.

Brazilian governors rally behind renewable hydrogen bill

A coalition of nine northeastern states in Brazil has thrown its support behind the latest proposed amendments to the country's hydrogen bill, which includes significant tax credits and incentives for renewable hydrogen production and consumption.

US to grant limited licences for Venezuelan oil operations, prioritising existing investors

The United States is gearing up to grant limited licences for operations in Venezuela, prioritising companies already engaged in oil production and possessing existing assets.

Brazil’s Volkswagen idles three plants after flooding, LPG deliveries hampered

Floods in Brazil's Rio Grande do Sul state have severely impacted the distribution of liquefied petroleum gas, reducing supply by 7-10% in the affected area during the first two weeks of May.

Argentina's Genneia signs 15-year power purchase agreement to supply clean energy to Princz-IPASA Group

Argentine energy company Genneia has inked a power purchase agreement with the Princz-IPASA Group, a manufacturer specialising in PVC and bio-plasticizers.

Lula pushes new Petrobras CEO for faster refinery and gas investments

In a strategic shake-up, Brazilian President Luiz Inacio Lula da Silva has named Magda Chambriard as the new CEO of national oil company Petrobras, urging her to speed up investments in refinery and natural gas projects.

Brazil’s Enauta starts anchoring FPSO Atlanta in Santos Basin

Brazilian oil and gas producer Enauta has commenced anchoring operations for the floating production storage and offloading unit Atlanta in the Santos Basin, offshore Brazil.