Latest Stories

Guyana seeks contractor for feasibility study of Yellowtail field development plan

14 January 2022

The government of Guyana has invited consulting firms to submit bids for a contract to review and evaluate ExxonMobil’s field development plan for its Yellowtail Project.

PdVSA reportedly preparing to export first cargo of diluted crude since last April

14 January 2022

Venezuela’s national oil company PdVSA appears to have loaded a tanker with diluted crude oil for export for the first time in the last nine months, according to a report from Reuters.

WIPL says it will be able to cover bid for Limetree Bay refinery

14 January 2022

Jamaica-based West Indies Petroleum Ltd (WIPL) has expressed confidence about its ability to pay the sum of $62mn that it has offered for the Limetree Bay refinery near St. Croix in the US Virgin Islands by January 21.

Pemex may complete acquisition of Deer Park refinery next week

14 January 2022

A US federal court has rejected a request to block Mexico’s national oil company Pemex from acquiring 50.01% of the Deer Park refinery from an affiliate of Shell (UK).

Eni’s Miamte MV34 FPSO arrives offshore Mexico

14 January 2022

Eni (Italy) said in early January that it would soon install a newbuild floating production, storage and off-loading (FPSO) vessel at Area 1, a shallow-water licence area located off the coast of Mexico's Tabasco State.

NGC, Shell sign HoA on pre-FEED phase of work on Manatee gas processing

14 January 2022

National Gas Co. of Trinidad and Tobago Ltd (NGC) indicated last week that it was gearing up to work with Shell on the processing of natural gas from the offshore Manatee field.

Tullow exits Suriname as Shell joins Chevron at Block 5

14 January 2022

One international oil company has announced plans to exit Suriname, while another has farmed into a block awarded to Chevron (US) last year in the Shallow Offshore (SHO) bidding round.

Ecuador lifts declaration of force majeure

14 January 2022

The government of Ecuador has lifted a declaration of force majeure on exports of crude via the country’s two main pipeline systems.

What drove LNG imports to record highs in Brazil?

14 January 2022

Efforts to mitigate the impact of drought have made LNG a crucial component in Brazil’s energy mix.

Oil sands investment outlook more favourable amid stronger crude prices

14 January 2022

CNRL’s newly announced capital expenditure budget increase for this year illustrates the more favourable investment outlook for oil sands.

Egypt does not see quick end to GERD dispute with Ethiopia

14 January 2022

Egypt does not foresee solving its hydro dispute with Ethiopia within five years, a key member of Egypt’s negotiating team admitted this week.

SEFA to support Botswana’s renewable energy transition

14 January 2022

The Sustainable Energy Fund for Africa (SEFA) is providing a $1mn grant to the government of Botswana to support the energy transition. The southern African country depends on its neighbour South Africa for part of its electricity needs.

ExxonMobil, Imperial Oil pursue sale of Canadian shale assets

14 January 2022

ExxonMobil and its Canadian affiliate, Imperial Oil, have announced their intention to market the interests in their XTO Energy Canada joint venture, which operates their Canadian shale business.

Perspectives | Why Uzbekistan does not fear a ‘Kazakh Winter’

14 January 2022

Uzbek insiders think they can avoid Kazakh-style unrest, but they’re not taking any chances.

Ukrainian oligarchs Kolomoisky and Verevsky are leaders in cryptocurrency mining

14 January 2022

The leaders in the importation of specialised crypto mining equipment into Ukraine are enterprises associated with businessmen Igor Kolomoisky and Andrey Verevsky, reports NV on January 13, 2022.

Ukraine's "Guaranteed buyer" sells green electricity for almost UAH1bn ($36mn)

14 January 2022

"Guaranteed buyer" sold green electricity for almost UAH 1bn ($36mn)

ONGC reportedly facing new delays at KG-DWN-98/2 deepwater development

13 January 2022

India’s Oil and Natural Gas Corp. (ONGC) is reportedly facing more delays at its Cluster-2 fields in the Krishna Godavari (KG) Basin’s deepwater KG-DWN-98/2 development.

Saipem wins Australia, Guyana offshore contracts

13 January 2022

Italy’s Saipem has been awarded two new offshore contracts – one for the Scarborough project in Australia and the other for the Yellowtail development in Guyana. Combined, the two contracts are worth $1.1bn.