Latest Stories

Continental Resources to be acquired by Hamm family in a sweetened $4.3bn deal

21 October 2022

Shale producer Continental Resources will merge with Omega Acquisition, an Oklahoma corporation owned by Continental's founder, Harold Hamm. The company, one of the US’s largest independent oil companies, will become private.

Germany says Russian gas blackmail failed

21 October 2022

German Chancellor Olaf Scholz claims that Germany has “freed” itself from Russian gas dependence, Ukraine Business News reported on October 21.

New Jersey sues five oil and gas companies over climate claims

21 October 2022

The State of New Jersey has sued five oil and gas companies over allegations that they made false climate claims that misled the public.

Rolling blackouts in Ukraine caused drop in Internet connectivity

21 October 2022

Ukraine’s state-owned grid operator Ukrenergo introduced rolling blackouts to Kyiv, causing a drop in Internet connectivity in the capital, the Kyiv Independent reported on October 20.

Ukraine's largest gas producer drilled record volume of new wells in September

21 October 2022

The largest gas producer in Ukraine, UkrGasVydobuvannya, drilled a record volume of 30,222m for new wells in September, Ukraine Business News reported on October 20.

Reading between the lines on Owji’s El Palito announcement

21 October 2022

Did Iran’s oil minister hail Tehran’s launch of a new refinery in Venezuela, or did he express relief over the resolution of a problem that arose earlier this year?

Canadian oil prices see widening discount

20 October 2022

Western Canadian Select crude prices have fallen to their widest discount to US benchmark prices since 2018, but this is not being attributed to takeaway capacity shortages.

Equinor’s Peregrino-2 platform begins production

20 October 2022

Peregrino C, the third platform installed by Equinor (Norway) at the Peregrino field offshore Brazil, began producing oil on October 10.

Guyana issues RFP for 30,000 bpd refinery

20 October 2022

The government of Guyana has issued a request for proposals for the design, financing and construction of a 30,000 barrel per day oil refinery.