Latest Stories

Eskom can cope with lockdown, for now

9 April 2020

Eskom has told investors it does not need any more government cash to support current operations

Egypt abandons coal as renewables prove cheaper

9 April 2020

Egypt has abandoned its plans to build 6,600 MW of coal-fired capacity at Hamrawein

Woodside steps up pursuit of hydrogen export goals

9 April 2020

Australian oil and gas developer Woodside Petroleum has unveiled the next step in its ongoing development of a hydrogen export strategy.

ONGC seeks upstream tax relief

9 April 2020

India’s state-run Oil and Natural Gas Corp. (ONGC) has reportedly appealed to the government for tax relief as its core business comes under pressure from the oil and gas price crash.

Sino-Kazakh venture to build pipe factory

9 April 2020

China and Kazakhstan are set to begin building an oil and gas pipe factory in Almaty in the second quarter, after the project was quietly shelved two years ago.

Sinopec starts up Sri Lankan bunkering operations

9 April 2020

China’s state-run Sinopec has announced the official launch of bunkering operations at its oil depot at the port of Hambantota in Sri Lanka.

IOC awards Barauni refinery upgrade contract to L&T

9 April 2020

State-run Indian Oil Corp. (IOC) has awarded international engineering company Larsen & Toubro (L&T) a contract to expand the capacity of the Barauni refinery in the eastern state of Bihar.

Pertamina to expand crude production by 1.8% this year

9 April 2020

Indonesia’s state-run Pertamina has said it intends to increase its crude oil production by 1.8% this year, doubling down on its previous statement that the oil price crash would not affect its drilling plans for 2020.

Origin increases stake in Beetaloo Basin shale gas project

9 April 2020

Australian developer Origin Energy will increase its stake in the Beetaloo Basin shale gas project in exchange for covering a larger share of junior partner Falcon Oil and Gas’ cost obligations.

Cryopeak begins construction on small-scale LNG facility

8 April 2020

Canada’s Cryopeak LNG Solutions has started construction on a small-scale LNG facility in Fort Nelson, British Columbia.

Wave of capital spending cuts continues

8 April 2020

More capital expenditure cuts are being announced by US oil and gas companies, including some producers that are scaling back spending for a second time since oil prices collapsed in March.

US LNG exports to China resuming thanks to tax waivers

8 April 2020

Shipments of US LNG to China are resuming after Beijing has reportedly started granting tax waivers to certain importers of the super-chilled fuel.

Premier exits Alaska joint venture after condensate find

8 April 2020

Premier Oil will exit the Area A joint venture in which it partners with 88 Energy on Alaska’s North Slope after their Charlie-1 well encountered natural gas condensates but not the light oil that the partners were targeting.

Whiting becomes first bankruptcy of latest oil price crash

8 April 2020

Shale producer Whiting Petroleum has filed for bankruptcy protection in the wake of the oil price collapse, and many others are set to follow unless prices improve.

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