Latest Stories

Iran cements ties with East as it becomes full member of SCO

18 September 2021

“The world has entered a new era,” says Iranian president. “Hegemony and unilateralism are failing. The international balance is moving toward multilateralism and redistribution of power to the benefit of independent countries.”

Gulf Coast refiners make progress on restarts, damage assessments from Ida

17 September 2021

Refiners on the US Gulf Coast have continued to assess the damage from Hurricane Ida – which hit the region at the end of August – and will make repairs and bring facilities back online.

Chevron to more than triple low-carbon investments

17 September 2021

Super-major Chevron will more than triple its planned spending on lower-carbon energy to $10bn by 2028, but is not yet ready to adopt a net-zero target.

Diamondback accelerates stock buyback programme

17 September 2021

Shale driller Diamondback Energy announced this week that it had accelerated plans to return 50% of its free cash flow to shareholders, bringing them forward to the fourth quarter of this year.

Suncor partners with indigenous groups to buy Northern Courier stake

17 September 2021

Canada’s Suncor Energy announced this week that it had signed agreements with eight indigenous communities to acquire all of TC Energy’s 15% equity interest in the Northern Courier Pipeline Limited Partnership in Alberta.

FortisBC scales back Tilbury LNG expansion plan

17 September 2021

Canada’s FortisBC has filed a detailed project description for the Phase 2 expansion at its small-scale Tilbury LNG facility with regulatory authorities, scaling back capacity from prior plans.

Morgan Stanley warns of further gas, LNG price volatility risk

17 September 2021

Investment bank Morgan Stanley warned this week that low inventories and the imminent arrival of the winter heating season leave room for further upside volatility for gas and LNG prices.

AES expands LNG footprint in Panama

17 September 2021

US-based AES has bought out its minority partner in AES Colón, the operator of a natural gas complex on Telfers Island, near the Atlantic end of the Panama Canal.

Major LNG-to-power JV commissions its first TPP in Açu

17 September 2021

Gas Natural Açu, a joint venture formed to execute Latin America’s largest LNG-to-power project, has successfully commissioned the first thermal power plant within its Açu Gas Hub complex in Rio de Janeiro State.

Venezuelan territorial claim draws sharp response from Guyana

17 September 2021

The government of Guyana has raised strong objections to Venezuela’s restatement of its claim to territory that includes Stabroek, an offshore block that contains at least 9bn boe in recoverable reserves.

Melbana, Sonangol spud Alameda-1 exploration well at Block 9

17 September 2021

Australia’s Melbana Energy reported earlier this week that it had spudded the Alameda-1 exploration well at Block 9, a licence area on Cuba’s northern coast.

Mexico to raise Pemex’s budget to $32bn

17 September 2021

Mexican President Andres Manuel Lopez Obrador has offered to raise national oil company Pemex’s budget for next year to about $32bn in the hope of boosting crude production.

Investment firm Warwick buying Eagle Ford assets for $450mn

17 September 2021

Warwick Investment Group announced this week that it had agreed to buy operated oil and gas assets in the Eagle Ford shale play from privately owned Rosewood Resources for around $450mn.

New Fortress battles to advance LNG plans

17 September 2021

New Fortress Energy is running into regulatory issues and environmental opposition to its LNG plans in both the US and Puerto Rico.

NGTL updates Canadian regulator on West Path expansion

17 September 2021

Nova Gas Transmission Ltd, a subsidiary of Canada’s TC Energy, has told regulators that shipper contracts still support the latest phase of its West Path expansion plans despite increasingly ambitious emissions reduction goals.

South Africa's Kibo Energy acquires stake in UK waste-to-energy plant

17 September 2021

South African listed energy company Kibo Energy signed heads of terms with London’s Aim-listed EQTEC, advancing its energy-from-waste portfolio.

Serbia issued debut €1bn green Eurobond

17 September 2021

First green Eurobond from the Western Balkans to finance environmental protection and climate change mitigation projects as Serbia pursues green transition.

Petrobras to launch new fuel contracts

17 September 2021

Brazil’s state-run oil and gas firm Petrobras is planning to launch new contracts for the sale of gasoline and diesel, in the hope of encouraging competition in the refining sector.

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