Latest Stories

Ukraine wants to increase energy co-operation with Poland

30 November 2022

Ukraine wants to develop cross-border energy infrastructure with Poland to further increase energy independence from Russia, Ukraine Business News reported on November 30.

Sino-Russian ties continue to deepen as Western sanctions drive their economies together

30 November 2022

Widely seen as a marriage of convenience, economic ties between Russia and China are rapidly deepening as the two countries are driven together by pressure from the West.

British prime minister may U-turn on onshore wind

30 November 2022

UK Prime Minister Rishi Sunak may U-turn on allowing more onshore wind farms in England.

APA and TotalEnergies find no commercial reserves at Awari prospect offshore Suriname

30 November 2022

US-based APA Corp. said it had not found oil or gas in Awari-1, an exploration well drilled in the north-western corner of the Block 58 licence area offshore Suriname.

Hess expects ExxonMobil to focus on exploring Stabroek’s deeper intervals for oil

30 November 2022

ExxonMobil’s focus in Guyana in 2023 and the first half of 2024 is likely to be exploration of the deeper layers of the Stabroek block.

CGX, Frontera reiterate commitment to drilling Wei-1, say well will be spudded by January 31

30 November 2022

CGX Energy and its parent company Frontera Energy have confirmed that they intend to move forward with the drilling of Wei-1, their second exploration well at the Corentyne block offshore Guyana.

Kenyan insurer withdraws from EACOP consortium, citing concerns about IFC criteria

30 November 2022

Nairobi-listed Britam Holdings has withdrawn from a consortium of East African insurers providing coverage for the EACOP oil pipeline and related upstream projects.

Russia proposes Kazakhstan and Uzbekistan join “gas union”

30 November 2022

Goal of proposed union is to coordinate transport of Russian gas across Central Asia as Moscow seeks new markets in response to Western sanctions.