For Africa’s biggest oil-producing country, the idea of looking for oil miles into the sea may be off the table this year, thanks to a wave of bankruptcies facing the global offshore industry. The global offshore industry is currently struggling as some of the biggest offshore drillers struggle with low …

Technology giant Apple plans to invest in the construction of two 200m-tall wind turbines in Denmark, some of the world’s largest onshore turbines. The turbines will be located near the Danish town of Esbjerg, and could produce 62GWh of clean energy per year. This would power 20,000 homes. The turbines …

The takeover by PKN Orlen, an oil refiner and retailer, of fellow Polish energy giant PGNiG is not merely the merger of two of Poland’s largest companies, it is a strategic move that the country’s government hopes will put PKN Orlen in the “premier league” of European energy firms. The …

Chancellor Angela Merkel is under pressure from within her own party to drop support for a controversial gas pipeline with Russia after links point to the Kremlin in the poisoning of Russian opposition leader Alexey Navalny. Norbert Roettgen, head of the German parliament’s foreign affairs committee and a candidate to …

Russian Energy Minister Alexander Novak on Wednesday said that Moscow would propose to OPEC+ group to react to the recovery in global oil demand, as part of their agreement to cut production in order to support prices, Reuters reported. Global oil demand has recovered by as much as 90% of …

A European response that involves the Nord Stream 2 gas pipeline is needed against Russia after the poisoning of Kremlin critic Alexei Navalny with a Soviet-style Novichok nerve agent, some politicians and diplomats in Germany said on Thursday. Chancellor Angela Merkel said she expected Moscow to join efforts to clear …

Iraq has formally denied “baseless” reports that it was seeking to opt out of some of the terms of the OPEC+ agreement to limit oil supplies. In an official statement from the country’s Oil Ministry, a spokesman said the reports, based on quotes attributed to Oil Minister Ihsan Abdul Jabbar, …

Iranian Deputy Foreign Minister Seyed Abbas Araqchi said that EU commercial dealings through the Instrument in Support of Trade Exchange (INSTEX) is not satisfactory for his country, adding that Tehran does not count on the system. “It is now two years that the idea (of INSTEX) has started and it …

Head of Iran’s National Petrochemical Company (NPC) Behzad Mohammadi said the country’s petrochemical products basket is going to be more diversified by the Iranian calendar year of 1404 (starts on March 21, 2025). Mohammadi made the remarks in a ceremony for introducing the company’s new project director, Shana reported. The …

Japan will provide long-term assistance to help Mauritius deal with the cleanup from an oil spill caused by the July grounding of a Japanese-owned freighter, the government’s top spokesman said Wednesday. Noting the assistance will not be restricted to preventing the further spread of the oil or its removal, Chief …