Latest Stories

Venezuela reports oil production up

19 December 2019

Venezuela reportedly registered an increase in oil production last month, continuing the recovery that began earlier this year.

Peru LNG reports exports down year on year in November

19 December 2019

Peru LNG, a consortium that operates a gas liquefaction plant and export terminal in Pampa Melchorita, saw export volumes decline year on year in the month of November.

Petrobras abandons incomplete Comperj refinery – report

19 December 2019

Petrobras has said that it will not complete construction work on the Comperj refinery with China National Petroleum Corp. (CNPC).

Petrobras to begin leasing LNG terminal in north-eastern Brazil

19 December 2019

Petrobras has said it will begin leasing its LNG regasification terminal in the north-eastern part of the country, in line with a national effort to open up the country’s natural gas market to more competition.

Peruvian oil production hits five-year high in November

19 December 2019

Crude oil production in Peru hit its highest level in five years in November, according to new statistics from the Peruvian Oil and Gas Association (known as SPH).

Kinder Morgan closes deal to exit Canada

18 December 2019

Pipeline operator Kinder Morgan has closed a deal worth over $2.5bn to sell its Kinder Morgan Canada and cross-border Cochin Pipeline subsidiaries to Calgary-based Pembina Pipeline.

EIA forecasts only modest shale production increase in January

18 December 2019

The US Energy Information Administration has forecast that the leading seven shale regions in the US will experience an increase of only 30,000 barrels per day, or less than 1%, in January compared with the projected figure for December.

Talos goes on Gulf shopping spree

18 December 2019

Houston-based Talos Energy has entered into a series of definite agreements to acquire a “broad portfolio” of assets in the US Gulf of Mexico from affiliates of ILX Holdings, Castex Energy and Venari Resources.

Chevron sanctions Anchor project in Gulf

18 December 2019

Chevron has made a final investment decision on its Anchor project in the US Gulf of Mexico.

No gas transit deal with Russia “99% certain” as Ukraine hikes gas tariffs for local producers

18 December 2019

The chances of no gas transit deal being struck between Ukraine and Russia before the December 31 deadline is “99% certain” Ukrainian officials told leading gas producer JKF.

WPX buying Permian player Felix for $2.5bn

18 December 2019

Oklahoma-based WPX Energy is expanding its Permian Basin footprint with the purchase of Felix Energy for $2.5bn.

China may desire gas, but cheap coal is compelling

18 December 2019

China’s push for greater natural gas consumption continues to speed up, even as the year winds down, with imports and production rising and as well as new supply lines opening up.

Petronas to expand work orders

18 December 2019

Malaysia’s state-owned Petronas has said in its latest activity forecast that while it expects to step up operations over the next three years, the short-term outlook remains challenging.

Triangle Energy brings fifth Cliff Head well back online

18 December 2019

Australian junior Triangle Energy has brought the CH-13 well back into production at the Cliff Head oilfield offshore Western Australian after technical issues took the well out of commission nine months.

PTTEP ups investment budgets

18 December 2019

Thailand’s state-owned PTT Exploration and Production (PTTEP) intends to increase its investment budget for 2020 as well as for the next five years.

RIL, BP form retail fuel venture

18 December 2019

Indian conglomerate Reliance Industries Ltd (RIL) and UK super-major BP have agreed to create a new retail fuel joint venture that aims to operate a network of retail fuel and aviation fuel stations across India.

Indian Oil to finish Kochi LPG terminal in 2021

18 December 2019

State-run Indian Oil has said it intends to finish the construction of its delayed liquefied petroleum gas (LPG) import terminal project at the port of Kochi in Kerala State within the next 18 months.