Latest Stories

Kawa-1 discovery raises questions

11 February 2022

Guyana’s first commercial crude discovery beyond the Stabroek block has inspired calls for the creation of a new contract model that is more favourable to the government.

Chevron reportedly in talks with PdVSA

11 February 2022

Chevron has reportedly entered into talks with Venezuela’s national oil company PdVSA over the US major’s aim to gain more control over its upstream assets in the South American state.

Liza Unity hook-up nearly complete

11 February 2022

ExxonMobil (US) and its partners have nearly finished hook-up procedures for the Liza Unity, the FPSO that will support development operations at Liza-2, an oilfield at the Stabroek block offshore Guyana.

Mexican oil export cuts already affecting India

11 February 2022

Mexico’s national oil company Pemex has reportedly slashed crude exports to India since the beginning of the year, in an apparent move to uphold its previously announced goal of making more feedstock available to domestic refiners.

Moody’s analyst says Pemex faces less risk of ratings downgrade in 2022

11 February 2022

An analyst for Moody’s Investors Service has said that Mexico’s national oil company Pemex has reduced the risk of another downgrade in its credit rating this year.

SA’s Mantashe defends coal’s role in power generation

11 February 2022

The South African government has defended the use of coal in power generation and it plans to develop the country’s coal mines

Egypt issues new call for GERD talks in February

10 February 2022

Egypt has issued renewed calls for Ethiopia, Sudan and Egypt to reach a legally binding agreement on the filling and operations of the 6,500-MW Grand Ethiopian Renaissance Dam (GERD) after a year of deadlock.

Richards Bay coal exports fall in 2021

10 February 2022

South Africa’s Richards Bay Coal Terminal (RBCT) exported 58.72mn tonnes of coal in 2021, the lowest total since 1996 and 11mn tonnes less than in 2020.

China approves new $1.1bn Liuheng coal-fired power plant

10 February 2022

The eastern Chinese province of Zhejiang has approved the construction of a new 2-GW coal-fired power plant at a cost of $1.10bn, state-owned Zhejiang Energy Group said on February 8.

India ponders pioneering coal exports

10 February 2022

India could begin coal exports to Bangladesh, Nepal and Bhutan as part of the government’s efforts to counter China’s economic influence in South Asia.

Pakistan aims to renegotiate power investment terms with China

10 February 2022

Pakistan is to try to renegotiate the capacity payments the country must pay for electricity from power plants built with Chinese support as part of the China Pakistan Economic Corridor (CPEC) system.

Chinese coking coal imports fall 25%

10 February 2022

China’s imports of coking coal fell by 25% in 2021 because of an unofficial ban on Australian coal imports and lower shipments from Mongolia.

Head of Nigerian fuel truck drivers’ union threatens nationwide strike

10 February 2022

The head of the Petroleum Tanker Drivers (PTD) labour union in Nigeria has threatened to call a national strike unless the federal government commits to the rehabilitation of 21 critical roadways.

NNPC names four suppliers of contaminated gasoline

10 February 2022

Nigerian National Petroleum Corp. (NNPC) issued a statement on February 10 naming four of the companies that supplied the contaminated gasoline that is being blamed for recent shortages.

TotalEnergies exits North Platte project in Gulf

10 February 2022

France’s TotalEnergies announced on February 10 that it has decided not to sanction its North Platte project in the US Gulf of Mexico.