Latest Stories

BP exits oil sands, enters Bay du Nord via Cenovus deal

14 June 2022

BP announced this week that it had reached an agreement with Cenovus Energy that will see it relinquish its 50% stake in the Sunrise oil sands venture while farming into the undeveloped Bay du Nord project offshore Newfoundland and Labrador.

London high court rules against Nigeria in suit over Malabo oil deal

14 June 2022

A London high court has ruled against Nigeria's government in a case related to fraud claims over the sale of OPL 245 to Eni and Shell.

Ukrainian state-owned company Energoatom plans to export electricity to Poland

14 June 2022

Ukraine’s state-owned company Energoatom hopes to export electricity to Poland, Ukraine Business News reported on June 14.

Fuel, oil, gas and coal will no longer be exported from Ukraine

14 June 2022

Ukraine has banned the export of fuel, oil, gas and coal amid concerns over the winter months, Ukraine Business News reported on June 14.

APA finds only water in Rasper well offshore Suriname

14 June 2022

Houston-based APA Corp. said on June 13 that it had finished drilling the Rasper exploration well at Block 53 offshore Suriname without finding any hydrocarbons.

GasBridge becomes Brazil’s second private company to buy Bolivian gas directly

14 June 2022

GasBridge (GBC) has become the second privately owned Brazilian firm to buy natural gas directly from Bolivia, without Petrobras acting as an agent or intermediary.

Tanzania: Scirocco to sell 25% stake in Ruvuma PSA to Wentworth

14 June 2022

AIM-listed Scirocco Energy announced has arranged to sell its 25% stake in the Ruvuma block in southern Tanzania to UK-based Wentworth Resources.