Latest Stories
Buffalo Coal talks to Investec about loan restructuring
The Kwa-Zulu Natal (KZN) based Buffalo Coal Corporation is currently in talks with international banking, investments and wealth management services bank Investec about restructuring remaining outstanding loan amount.
Azerbaijan exported 0.8 bcm gas to Europe in January
Eco Atlantic, partners contract rig for Block 2B offshore South Africa
Canada’s Eco (Atlantic) Oil & Gas and its partners in the Block 2B licence area offshore South Africa have secured a rig for the drilling of the Gazania-1 exploration well in the Orange basin.
QatarEnergy signs co-operation agreement with NAMCOR
QatarEnergy has taken steps to expand its involvement in Namibia’s emerging oil and gas industry by working more closely with the southern Africa country’s national oil company (NOC).
MENA countries’ stances vary as Russia-Ukraine war escalates
The recent Russian invasion of Ukraine is having a disruptive economic impact on the MENA region by driving up global wheat prices, which will impose yet more financial burdens on an already cash-strapped Egypt, the world's largest wheat importer.
Australian court dismisses challenges against Woodside gas projects
The Supreme Court of Western Australia has dismissed two challenges brought against gas projects operated by Woodside.
ONGC makes progress offshore in KG Basin
India’s state-owned Oil and Natural Gas Corp. (ONGC) is advancing its developments in the Krishna Godavari (KG) Basin, offshore Andhra Pradesh.
Asian refiners consider their options
Asian refiners appear to be looking at limited impact from Russia’s invasion of Ukraine so far, but are increasingly keen to resume crude imports from Iran.
Turkey still lacks plan to phase out coal power following first Climate Council gatheriing
Equinor, bp to turn Brooklyn terminal into major offshore wind hub
Equinor and bp have agreed to turn the South Brooklyn Marine Terminal (SBMT) complex in New York into a major regional hub for US offshore wind.
Iran voices criticism after Russia makes nuclear deal demands aimed at blunting Ukraine invasion sanctions
Completion of Neart na Gaoithe wind farm off Scotland delayed by a year
Completion of the 450-MW Neart na Gaoithe offshore wind farm, currently under construction 15 km off the coast of Fife in Scotland, will be delayed from 2023 to 2024. The new contract for difference start date is June 2024.
Spain’s Ingeteam installs solar inverters in first large-scale photovoltaic plant in North Macedonia
Poland offers Ukraine gas import capacity
Pembina, KKR to combine Canadian gas-processing assets, make acquisition
Pembina Pipeline announced on March 1 that it had struck a deal with KKR to combine their respective Western Canadian natural gas-processing assets into a new joint venture.
Canada bans Russian oil in response to Ukraine invasion
Canada announced on February 28 that it would ban imports of Russian oil in response to Moscow’s decision to invade Ukraine. It is the first G7 country to impose an embargo on Russian oil.
Continental to invest in carbon capture project
Continental Resources is investing in a carbon capture and storage (CCS) project via a partnership with Summit Carbon Solutions.
TotalEnergies to partner in floating wind off California
TotalEnergies, the French supermajor oil company, is teaming up with Trident Winds in the Castle Wind offshore joint venture.
PDC to buy Great Western for $1.3bn
PDC Energy announced on February 28 that it had struck a deal to buy Great Western Petroleum for $1.3bn, including net debt of around $500mn.
SB Energy announces 1.5-GW order with First Solar
SB Energy Global has placed a multi-year order for 1.5 GW of First Solar’s advanced, ultra-low carbon thin-film photovoltaic solar modules.
Follow us online