Latest Stories

Pertamina’s gas production exceeds target

5 November 2021

Indonesia’s state-owned Pertamina said this week that it had exceeded its natural gas production target for the first nine months of the year.

Petronas awards shallow-water PSC to POSCO

5 November 2021

Malaysia’s state-owned Petronas has awarded a production sharing contract for offshore Block PM524 to a joint venture led by South Korea’s POSCO International.

Southwestern to buy GEP Haynesville for $1.85bn

5 November 2021

Southwestern Energy announced on November 4 that it had struck a deal to buy GEP Haynesville, a joint venture between GeoSouthern and Blackstone Group unit GSO Capital, for $1.85bn in cash and stock.

Japan’s oil demand jumps amid surging LNG prices

5 November 2021

The country’s power generators are looking to fire up their oil generators as they baulk at near-record spot LNG prices.

JKX announces delisting, share buyback at GBP0.42

5 November 2021

JKX announces delisting, share buyback at £0.42

UK to support climate adaption across Africa with $195mn commitment

4 November 2021

The UK announced at COP26 GBP143.5mn ($195mn) of new and existing funding to support African governments to roll out critical adaptation projects so at-risk communities can adapt to the impact of extreme weather and changing climates.

Morocco and Egypt lead African countries commit to end coal

4 November 2021

A swathe of African countries signed up to Global Coal to Clean Power Transition Statement at COP26 on November 4, with Morocco and Egypt both making substantial commitment.