Latest Stories

LNG Canada cuts workforce in half amid pandemic

19 March 2020

The Royal Dutch Shell-led LNG Canada consortium and its engineering, procurement and construction contractor, JGC Fluor, said this week that they would stop flying workers to the terminal’s site in Kitimat, British Columbia.

Cheniere: no impact on LNG production from coronavirus precautions

19 March 2020

Cheniere Energy, the leading US exporter of the super-chilled fuel, has said it does not expect the steps it has taken to protect its workers in the midst of the coronavirus pandemic to have an impact on its production.

North Dakota considers best way forward amid price collapse

19 March 2020

North Dakota’s regulators and producers are evaluating their options for how to move forward amid a further oil price drop.

Wave of US capex cuts accelerates

19 March 2020

More and more US oil companies are rapidly cutting back capital expenditure budgets in response to the collapse in oil prices.

TEPCO, Ørsted seal JV to move into Japanese offshore wind

18 March 2020

Japan’s TEPCO and Denmark’s Ørsted to form JV to win offshore wind bid

Nigeria under more pressure

18 March 2020

The continued fall in oil prices is already having an impact on Nigeria's economy, and there is probably more trouble ahead.

Coal India boosts domestic production at start of 2020

18 March 2020

Coal India’s efforts to boost domestic production in an effort to replace imports appear to have been successful since the start of 2020

Oil price falls below breakeven point for Canadian producers

18 March 2020

Canada’s already battered energy industry is taking another hit as oil prices tumble to new lows, below the breakeven point for most of the country's producers.

PetroVietnam may stockpile oil while prices are low

18 March 2020

The oil price crash has prompted PetroVietnam not only to review its spending but also to consider whether it should begin stockpiling crude.

Santos agrees to Darwin LNG, Bayu-Undan stake sale

18 March 2020

Australian developer Santos has agreed to sell down its stake in the Darwin liquefied natural gas (LNG) terminal and the Bayu-Undan gas field once its acquisition of ConocoPhillips’ northern Australian gas assets has been finalised.

Indonesia works on low oil price strategy

18 March 2020

The Indonesian government is currently trying not only to understand how the international oil price collapse will affect the domestic economy but also what opportunities it creates for the country.

Oil Search slashes budgets in response to price crash

18 March 2020

Australia-listed developer Oil Search has slashed its projected capital and investment expenditure for 2020 in response to falling international oil prices.

ONGC begins gas production from KG-D5

18 March 2020

India’s state-run Oil and Natural Gas Corp. (ONGC) has begun producing gas from its deep-water KG-DWN-98/2 (KG-D5) block in the Krishna Godavari (KG) Basin.

Energy transition faces tough test after COVID-19 and cheap oil

18 March 2020

Post-crisis economic stimulus packages much be focused on clean energy and not coal if the fight against climate change is not to be derailed

Sinochem refuses to buy crude from Rosneft

18 March 2020

China’s state-run Sinochem Group has reportedly refused to buy crude oil from Russia’s state-run Rosneft.

Australia’s Victoria State lifts onshore conventional gas drilling ban

18 March 2020

Australia’s southern state of Victoria has announced that it will lift its moratorium on conventional onshore gas exploration from July 2021.