Latest Stories

AfrOil: Eni plans second FLNG unit for Marine XII

9 January 2023

Italy’s Eni has arranged to deploy and install a second floating LNG (FLNG) unit at the Marine XII block located offshore Republic of Congo.

Warm weather allows Germany to refill gas tanks in the middle of winter

9 January 2023

Record-high December and January temperatures have allowed Germany to inject more gas into its gas tanks to hit 90% full as of January 6, from 87% a few weeks ago, in an unprecedented result.

GUSTAFSON: Russian nuclear power – unsanctioned – is prospering worldwide

8 January 2023

As the Western nuclear industry flounders, Russia’s Rosatom is building nuclear power plants on time and under budget around the world, while selling uranium to the United States.

Targa to buy Blackstone’s interest in Grand Prix NGL pipeline

7 January 2023

Targa Resources will buy Blackstone Energy Partners’ 25% stake in Targa’s Grand Prix NGL Pipeline for $1.05bn in cash.

Hilcorp nets one federal, six state gas tracts in Cook Inlet sale

7 January 2023

Hilcorp Alaska, a unit of Hilcorp Energy of Texas, has won a federal exploration lease and six state leases in Cook Inlet, an area of natural gas production for the domestic Alaska market.

EIA reports US proven reserve increases for 2021

7 January 2023

According to a new report by the Energy Information Administration, proven reserves of US crude oil and lease condensate increased by 6.2bn barrels (16%), from 38.2bn barrels to 44.4bn barrels as of the end of 2021.

Marathon closes purchase of Ensign’s Eagle Ford assets for $3bn

7 January 2023

Marathon Oil has closed the acquisition from Ensign Natural Resources of Eagle Ford shale acreage for $3bn in cash. The deal had been announced in early November.

TC Energy restarts Keystone pipeline Cushing extension following spill

7 January 2023

TC Energy has completed repairs, inspections and testing of the ruptured Keystone pipeline Cushing extension and has now proceeded with a controlled restart.

Extreme weather closes Suncor refinery in Colorado until March

7 January 2023

Extreme cold weather in the US has knocked Suncor’s refinery offline in Commerce City, Colorado.

Pathways Alliance takes step forward with CCS plan

7 January 2023

Canada’s Pathways Alliance has is set to begin evaluating a proposed carbon dioxide storage site after signing an agreement with the provincial government of Alberta.

ACWA Power to build solar plants in Bangladesh

6 January 2023

Saudi Arabia’s ACWA Power has signed a non-binding memorandum of understanding with the Bangladesh Power Development Board (BPDB) to build 1 GWe of solar plants in several regions of Bangladesh.

India aims to be global green hydrogen giant

6 January 2023

India is to invest an initial INR197.4bn ($2.4bn) to fund its National Green Hydrogen Mission as the government aims to turn the country into a global hydrogen centre.