Latest Stories

Weekly rig count flat after 20 weeks of declines

5 August 2020

The total US rig count stayed flat in the week up to July 31, according to the latest data from oilfield services firm Baker Hughes, having declined for the previous 20 weeks.

Marathon Petroleum to close two refineries, sell Speedway

5 August 2020

Marathon Petroleum has announced plans to permanently close two small US refineries and to sell its network of Speedway gasoline stations to 7-Eleven, a subsidiary of Japan’s Seven & i Holdings, for $21bn.

PetroVietnam units team up on LNG projects

5 August 2020

State-owned PetroVietnam Gas (PV Gas) has teamed up with a number of other PetroVietnam subsidiaries to develop projects that will take advantage of its first liquefied natural gas (LNG) terminal.

MPLX warns of impact from potential Bakken pipeline shutdown

5 August 2020

MPLX, the master limited partnership formed by Marathon Petroleum in 2012 to focus on midstream assets, has flagged up the financial impact of a potential shutdown of two pipelines serving the Bakken play.

Bangladeshi LNG-fired power plant secures loan

5 August 2020

Japanese energy giant JERA and India’s Reliance Power have secured a $642mn loan for their planned liquefied natural gas-fired thermal power plant in Bangladesh.

Pertamina mulls acquisition of Oxy’s MEA assets

5 August 2020

Indonesia’s state-owned Pertamina is reportedly in talks with US major Occidental Petroleum (Oxy) regarding the potential sale of oil and gas assets in Ghana and the UAE.

Blackrock raises Vestas stake to 5.1%

5 August 2020

Blackrock raises Vestas stake to 5.1%

UK’s hydrogen focus could boost offshore wind deployment

5 August 2020

UK’s hydrogen focus could boost offshore wind deployment

Vestas wins 54-MW multibrand service agreement in the Philippines

5 August 2020

Vestas wins 54-MW multibrand service agreement in the Philippines

Total writes down $7bn of Canadian oil sands assets

5 August 2020

France’s Total has reported as part of its second-quarter results that it has written down its Canadian oil sands assets by $7.0bn.

Details are emerging about Tullow and Petronas drilling plans offshore Suriname

5 August 2020

Details have emerged about plans by two international oil companies (IOCs) to drill in Suriname’s offshore zone.

Kenya reports more delays for lake shipments of fuel to Uganda

5 August 2020

Kenya Pipeline Co. (KPC) has said it does not expect to begin deliveries of petroleum products to Uganda via port facilities in Kisumu on schedule in January 2021.

Nigeria’s next step

5 August 2020

Nigeria has reiterated its pledges to remain in compliance with OPEC+ production quotas, but it is likely to keep up its long-standing habit of quota-busting.

Pertamina said to be in talks with Occidental on African assets

5 August 2020

The US major Occidental Petroleum (Oxy) is reported to be in talks with Pertamina, Indonesia’s national oil company (NOC), regarding the potential sale of oil and gas assets in Ghana, Algeria and the UAE.

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