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Iran works to keep output at ageing Salman oilfield

Iran is taking measures to sustain oil output at the ageing Salman field in the Persian Gulf, including gas injection, associated-gas gathering and upgrades to gas and pipeline infrastructure as natural reservoir pressure has declined.

Egypt targets $12bn trade with India

Iraq signs 25-year deal to develop Ajil oilfield

Iraq’s North Oil Company (NOC) has signed a 25-year contract with KEPPT to develop and operate the Ajil oilfield in Saladin province, with the project targeting higher oil and gas production and greater use of associated gas.

Russia is rationing jet fuel at 26 airports, foreign airlines cut first

At least 26 major Russian airports have imposed restrictions on refuelling aircraft, according to the Russian outlet Vyorstka, which read them off the country's aeronautical information system.

Russia's Urals oil price surges 16% in August on strong demand, Middle East disruptions

Russian Urals crude prices rose by an average of 16% month on month in August as stronger demand from India and China coincided with reduced Middle Eastern supplies.

Polish PM Tusk warns Europe cannot compete with US and China because of high energy prices

Polish Prime Minister Donald Tusk has warned that Europe cannot compete effectively with the US and China while energy prices remain at current levels, calling for the EU to block measures that would push costs still higher.

Uzbekneftegaz targets 1.5 bcm of extra annual gas supply by end of month amid declining national output

Uzbekistan's state-owned Uzbekneftegaz plans to add 4.36mn cubic metres per day of natural gas production by the end of September through the commissioning of new wells and workovers.

Turkmenistan orders boost in drilling efficiency

Turkmenistan has ordered measures to improve drilling efficiency at its oil and gas fields as the country seeks to raise crude and natural gas production.

Turkey's BOTAS, Azerbaijan's SOCAR eye closer gas cooperation

Turkey's state pipeline operator BOTAS and Azerbaijan's SOCAR are working to extend several existing natural gas swap agreements as the two countries deepen cooperation on regional gas trade.

Azerbaijan's SOCAR plans further investments in Turkish petchems producer Petkim

Azerbaijan’s state-owned SOCAR plans further investment at Turkish petrochemical producer Petkim (BIST) as part of a wider programme to modernise and expand the complex.

Kazakhstan courts US investor Kimmeridge for oil and gas projects

Kazakhstan is seeking to attract US investment firm Kimmeridge into new oil and gas projects as Astana looks to draw more international capital into its energy sector.

Kazakhstan ramps up BTC oil flows by 12% in Jan-Aug

Kazakhstan increased oil shipments from the port of Aktau towards the Baku-Tbilisi-Ceyhan (BTC) pipeline by 12% year on year in January through August.

Russia mulls lower oil price rule for budget amid growing deficit

Russia is considering lowering the oil price threshold used in its fiscal rule to $50 per barrel, a move that would make the federal budget less vulnerable to swings in crude prices and divert more oil revenues into reserves when prices are higher.

Russian engineering institute develops concept for combined gas processing and petchems project

Russian engineering institute NIPI PEGAZ has developed a concept for an integrated gas-processing and petrochemical complex capable of processing up to 28 bcm of ethane-rich natural gas per year.

Russia's Norilsk Nickel launches five new gas wells on northern Taimyr Peninsula

Norilsk Nickel, the Russian mining giant owned by businessman Vladimir Potanin, has brought five new production wells online at the Pelyatkinskoye gas condensate field in Russia’s northern Taimyr Peninsula, adding around 2mn cubic metres.

China is Uzbekistan’s choice for second nuclear plant project, reveals Serbia’s president

Vladimir Putin has appeared peeved with Tashkent lately. Analysts will wonder if this is one reason why.

Japan's Chubu Electric to withdraw Hamaoka reactor restart applications after data scandal

Chubu Electric Power plans to withdraw its applications for regulatory screening to restart reactors at the Hamaoka nuclear plant in central Japan, a government source said.

Metlen sells Tamarico II hybrid renewables project to Copec in Chile expansion push

Greek multinational industrial and energy company Metlen has agreed to sell its Tamarico II hybrid energy project in Chile's Atacama Region to Copec, through the latter's subsidiary Copec Flux.

Ecuador cuts fuel prices for third straight month as Noboa touts household savings

Ecuadorian President Daniel Noboa announced a further three-cent-per-gallon cut to the prices of Extra and Ecopaís petrol, the country's most widely consumed grades, alongside diesel, effective September 12.

Sonnedix locks in $1.3bn refinancing to power Chile's biggest storage push yet

Independent power producer Sonnedix has secured a $1.3bn refinancing package in Chile, its largest in the country to date, covering 1GW of operational solar and wind capacity while funding 117MW of battery storage systems.

Chinese teapot refiners ramp up purchases from West Africa, Canada and South America

Chinese independent refiners are stepping up purchases of crude from West Africa, Canada and South America as supplies from Iran and Russia tighten, helping push spot premiums to multi-month highs.

Japan's MOL names first LNG carrier powered by wind

The 174,000-cubic metre Fujin Sailor was named at Hanwha Ocean’s Geoje shipyard in South Korea on September 10.

Italy seeks to fast-track new oil and gas projects amid energy crisis

Italy has approved measures to accelerate domestic oil and gas projects, seeking to reduce its reliance on imported energy as supply disruptions and higher prices put renewed focus on energy security.

Germany bled $58.5bn on measures to protect consumers from energy crisis since 2022

Germany spent €50.4bn on measures to shield consumers and stabilise energy markets during the energy crisis that followed Russia’s invasion of Ukraine and the collapse in Russian gas supplies.

Russia orders stronger protection, faster repairs for refineries amid Ukrainian drone strikes

Russia has ordered stronger protection for oil refineries and faster repairs at damaged plants as the government steps up measures aimed at safeguarding domestic fuel supplies, amid relentless drone strikes by Ukraine against its refineries.