Latest Stories
Impasse could collapse nuclear deal talks next week
Europe claims Iran has walked back diplomatic progress. US says Tehran has no “constructive proposals”. Iran insists its demands are in line with the 2015 agreement.
Chesapeake launches $1bn worth of stock buybacks
Shale producer Chesapeake Energy has authorised the repurchase of up to $1bn of its stock. The move is the latest to illustrate the focus on shareholder returns among shale drillers.
Chevron unveils 2022 capex budget of $15bn
Chevron has unveiled a capital expenditure and exploratory budget of $15bn for 2022.
Russian petrochemical giant Sibur strengthens ESG targets
Sibur, one of the world’s largest petrochemical companies, has set more ambitious ESG targets over the next five years, including in recycling, low-carbon products and energy use.
Brazilian economy minister urges government to privatise Petrobras
Brazilian Energy Minister Paulo Guedes has urged the government to include the national oil company Petrobras in its list of public-sector entities slated for privatisation.
President Energy completes Pirity farm-out
AIM-listed President Energy said last week that it had completed the sale of half of its 100% stake in the Pirity concession in Paraguay via a farm-out deal.
Petrobras finalises sale of RLAM refinery to Mubadala Capital subsidiary
Brazil’s national oil company (NOC) Petrobras announced on November 30 that it had completed the privatisation of the Landulpho Alves Refinery (RLAM) in Bahia State.
CFIUS delays Shell’s sale of refinery to Pemex
Shell's Deer Park refinery is not likely to be transferred to Mexicos' Pemex by year-end as anticipated, as CFIUS has delayed approval.
ExxonMobil steps up emissions-cutting plans in medium-term corporate strategy
ExxonMobil announced this week that it had finalised its corporate plans until 2027. The plans envisage the super-major doubling its earnings and cash flow by 2027 compared with 2019 levels while stepping up emissions reductions.
Biden administration proposes changes to federal leasing programme
The administration of US President Joe Biden has published the findings of its review of the country’s federal oil and gas leasing programme.
Cenovus announces nearly $515mn of asset sales
Canada’s Cenovus Energy has reached separate agreements to sell nearly CAD660mn ($515mn) worth of upstream and downstream assets.
Shell completes $9.5bn Permian sale to ConocoPhillips
A subsidiary of Royal Dutch Shell has completed the sale of its Permian Basin business to ConocoPhillips for $9.5bn in cash.
Russian power consumption up 5%, production up 6.5% in November
New American company seeks to realise Trans-Caspian pipe dream
The new proposal’s modest scope, and new diplomatic developments, could finally make the pipeline feasible.
EU's €10mn SESA project to fund African tech and business models launches
The project is aimed at providing technologies and business models that can be reproduced and create local opportunities for economic developments and social cohesion across Africa.
Kazakhstan to model carbon emissions trading scheme on EU system
Petroleum pipelines for Tema-Akosombo received at Tema Port
The pipes which cost about $63.2mn comes with an additional $8mn to refurbish them and it is expected to cover a 70km distance.
Follow us online