Latest Stories
Nigeria begins new phase of cooperation with the International Energy Agency
Nigeria has begun a new phase of cooperation with the IEA following a visit to Abuja by IEA Executive Director Fatih Birol.
Russia to temporarily halt gas supplies to Armenia for maintenance
CPC oil shipments rise 22% m/m in August as Black Sea loadings stabilise
Caspian Pipeline Consortium (CPC) increased oil shipments by 22% m/m in August to 6.288mn tonnes, or about 1.6mn barrels per day (bpd), as tanker loadings stabilised following a reduction in attacks in the Black Sea, a report says.
Kazakhstan targets $15bn-19bn investment to more than double oil refining capacity
Kazakhstan plans to more than double its oil refining capacity to 39mn tonnes a year by 2040 under a new industry development concept requiring an estimated $15bn-$19bn in investment.
Indonesian oil company Pertamina explores upstream oil, gas equity stakes in Guyana, Suriname
Moving to insulate Indonesia's national energy grid from global supply disruptions, state-owned energy enterprise Pertamina is initiating exploratory discussions for upstream oil and gas investments in Guyana and Suriname
Saipem wins $350mn Angola offshore contract from Azule Energy
Saipem has won a $350mn offshore contract from Azule Energy for Angola’s Agogo Integrated West Hub, covering subsea infrastructure and local fabrication at Ambriz.
Dangote says Nigerian refinery could seek US secondary listing within four years
Dangote Petroleum Refinery & Petrochemicals FZE could pursue a secondary listing in the US within three to four years, Dangote Group President and CEO Aliko Dangote said
Nigeria’s Dangote backs Tinubu economic overhaul at $1.6bn refinery IPO launch
Nigerian industrialist Aliko Dangote publicly backed President Bola Tinubu’s petrol subsidy and foreign-exchange reforms on September 14 as his oil refinery launched a public share offer seeking to raise about NGN2.15 trillion ($1.6bn).
Greek firm AMACO partners with GE Vernova on Kenya power barge for AI
AMACO Energy Group has agreed to work with US power equipment maker GE Vernova (NYSE: GEV) to integrate gas turbines into its proposed $1.5bn HERCULES power and data centre development in Mombasa, Kenya.
Ukraine’s Naftogaz signs MoU with Kino Aski LNG to explore importing Canadian LNG
Ukraine’s state-run Naftogaz has agreed to a Memorandum of Understanding with Kino Aski LNG to examine potential cooperation on imports of Canadian LNG to Europe.
HD Hyundai wins approval for 100 MW power plant
South Korea’s HD Hyundai (267250.KS) operates through its intermediate sub-holding unit, HD Korea Shipbuilding & Offshore Engineering, received technical approval for a 100 MW floating power plant to meet rising energy demand from data centres.
Hungary’s MVM Group posts €770mn profit in H1
State utility giant MVM Group posted a consolidated net profit of HUF282bn (€770mn) in H1, up 27% y/y, while revenue increased 1.9% to HUF2.05 trillion and EBITDA rose 8.6% to HUF519bn.
Fuel crisis in Indonesia's Makassar triggers emergency remote learning, odd-even rationing
Severe fuel shortages (elangkaan BBM) across Makassar, South Sulawesi, have led to citywide operational adjustments, impacting public mobility, enterprise operations, and local education
Bangladesh rolls out incentives to accelerate rooftop solar growth
Bangladesh has announced a range of decisions, including financial incentives and preferential tariffs, to help boost rooftop solar power generation as its efforts to encourage renewable energy production and address the country's energy.
Venezuela’s oil revival sends US auction gear back into service
Venezuela’s push to revive its oil industry is creating a new market for used US equipment, as companies gather trucks, pumps, workover rigs and other machinery for shipment to the South American producer
Venezuela’s Rodriguez shuffles trade, energy officials
The government also appointed Radamés Gómez Azuaje as vice minister for hydrocarbon geopolitics, adding a new senior official to the team responsible for Venezuela’s energy strategy
Venezuela, Suriname sign deals to deepen trade and energy cooperation
Venezuela will provide expertise in oil and gas exploration and production, as well as technical training for Suriname’s energy industry
India approves up to 654-MW power exports to Nepal
India has approved the export of up to 654 MW of electricity to Nepal for 18 hours a day through December 31, 2026, to help the neighbouring country meet additional power requirements following damage to its hydropower infrastructure from floods.
India has potential to produce 62mn tonnes of compressed biogas annually
India could produce around 62mn tonnes (MT) of compressed biogas (CBG) annually from an estimated 472 MT of feedstock, with animal waste representing the largest share of the potential.
Fitch turns positive on Gran Tierra debt outlook as M&P deal advances
Fitch Ratings revised Gran Tierra Energy’s senior secured notes due 2029 and 2031 to Rating Watch Positive from Rating Watch Evolving, citing greater visibility over the company’s credit profile after its planned sale of its Colombia and Ecuador
Mongolia, Rio Tinto reportedly reach deal to boost Ulaanbaatar’s rewards from giant Oyu Tolgoi copper mine
Mongolia has boosted the rewards it will obtain from the Rio Tinto (ASX: RIO) mining of the country’s flagship copper mine Oyu Tolgoi.
Chevron advances on West Qurna-2 as Iraq challenges OPEC output caps
Baghdad has advanced its strategy to revitalise its upstream energy sector by securing a technical partnership with Chevron (NYSE: CVX) for the West Qurna 2 oilfield
Angola targets $13bn of gas investment under five-hub industrial plan
Angola plans to mobilise investment worth $13bn in five industrial hubs under a Gas Master Plan aimed at expanding domestic gas use and supporting industrialisation.
Nigeria’s Dangote Refinery launches $1.6bn IPO in Africa’s largest share sale
Dangote Petroleum Refinery has launched a NGN2.15 trillion ($1.6bn) IPO in Nigeria, with potential proceeds of about $2.1bn and an implied post-offer valuation near $49bn.
Follow us online