Latest Stories

Chevron unveils plan to return $80bn to shareholders

4 March 2020

Super-major Chevron unveiled a plan this week to return up to $80bn to shareholders through dividends and share buybacks over the next five years.

Shale’s heavy hitters seen weathering the storm

4 March 2020

Leading shale-focused independents EOG Resources and Pioneer Natural Resources beat analyst expectations for fourth-quarter profits, and are well-positioned to outperform their peers as the industry downturn continues.

Hopes and fears for Canada’s oil sands

4 March 2020

Questions remain over the future of the oil sands, with some projects better positioned than others to proceed.

India’s upstream underwhelms

4 March 2020

While India’s declining oil and gas production should spur the government to speed up effforts to attract fresh upstream investment, New Delhi has delayed the deadline for its latest licensing round by a month.

South Korea to close power plants in March

4 March 2020

South Korea has confirmed it is to close down temporarily up to 28 of the country’s oldest coal-fired power plants in March

Senex completes Roma North drilling, shifts to Atlas

4 March 2020

Australian independent Senex Energy has announced that following the completion of its Roma North drilling campaign the company is re-mobilising its rig to Project Atlas. Both projects are located in Queensland’s Surat Basin.

KEPCO inserts fuel rods at UAE’s Barakah NPP

4 March 2020

South Korea's KEPCO has inserted the first fuel rods into the first reactor at the UAE’s Barakah NPP

ConocoPhillips awards final equipment contracts for Barossa project

4 March 2020

US super-major ConocoPhillips has awarded contracts for the supply and installation of subsea infrastructure at the Barossa natural gas and condensate project offshore Australia’s Northern Territory.

Indian power supply rises

4 March 2020

India’s electricity supply rose by 7.1% during February

Pertamina farms in to Southeast Jambi Block

4 March 2020

Indonesia’s state-owned Pertamina has farmed in to a 27% stake in the Repsol-operated Southeast Jambi Block on Sumatra.

Asia overtakes Europe for offshore wind FIDs

4 March 2020

Total investment in the Asia-Pacific (APAC) offshore wind sector surpassed Europe for the first time in 2019.

Uzma wins service contracts from Shell, Petronas

4 March 2020

Malaysian service provider Uzma has won two new contracts from Royal Dutch Shell and state-owned Petronas worth a combined MYR136mn ($32.3mn).

AIIB to lend $200mn to upgrade grid in Bangladesh’

4 March 2020

The Asian Infrastructure Investment Bank (AIIB) has confirmed it is to lend $200mn to Bangladesh to increase access to power in Dhaka.

Trying too hard to escape the resource curse?

4 March 2020

A Ugandan newspaper has faulted President Museveni and his team for taking an overly rigid approach to revenue division and getting itself mired in tax disputes.

CNPC brings 99% of production back online

4 March 2020

State-owned China National Petroleum Corp. (CNPC) has said it has brought its oil and gas production levels back to 99% of capacity, following the coronavirus (COVID-19) outbreak.

Vena Energy issues Asia’s first green bond

4 March 2020

Singapore IPP Vena Energy has issued a $325mn green bond in a bid to raise cash to help fund its 9-GW portfolio of renewable projects under development across Asia.