Latest Stories

US Gulf Coast sees oil supply disruptions from Mexican outage

27 August 2021

The US Gulf Coast was facing disruptions to its crude supplies as a result of an outage in Mexico this week.

Imperial unveils renewable diesel plan for Strathcona refinery

27 August 2021

Canada’s Imperial Oil unveiled a plan this week to produce renewable diesel at its 191,000 barrel per day Strathcona refinery in Alberta using vegetable oil as feedstock.

Beacon sanctions Shenandoah project in deepwater Gulf

27 August 2021

Beacon Energy Offshore has made a final investment decision on the Shenandoah project in the deepwater US Gulf of Mexico.

Growth amid uncertainty for the oil sands

27 August 2021

Oil sands production has reached an all-time record high and is set to grow further still, but the picture is far more uncertain in the longer term.

bneGREEN: Russia drafts hydrogen development plan

27 August 2021

Russia plans to emerge as an exporter of hydrogen within the space of a few years and supply as much as 12mn tonnes per year (tpy) of the fuel by 2035, under a draft development plan approved in August.

On Guyana’s future prospects

27 August 2021

IEEFA, a US-based non-profit, says the Stabroek contract may unfairly curb Guyana’s earnings from oil sales. Its arguments may have the effect of drying up funding for future investors seeking to follow ExxonMobil’s example.

CGX, Frontera spud Kawa-1 at Corentyne

27 August 2021

CGX Energy and Frontera Energy, both based in Canada, have spudded the Kawa-1 exploration well at the Corentyne block offshore Guyana.

ExxonMobil, partners agree on seven-month extension for second well at Kaieteur

27 August 2021

ExxonMobil (US) and its partners in the Kaieteur block offshore Guyana have agreed to push the deadline for drilling their second exploration well back by seven months.

Brazil, Argentina begin negotiations on Vaca Muerta gas pipeline

27 August 2021

Brazil and Argentina have begun negotiations on a multi-billion-dollar pipeline project that would facilitate exports of gas from fields in the Vaca Muerta shale formation, Brazilian President Jair Bolsonaro said last week.

Brazilian gas output hits new record high in July

27 August 2021

Production of natural gas in Brazil reached a new high of 139mn cubic metres per day in July, slightly above the previous record high of 138.7 mcm per day reported in January 2021, according to newly released statistics.

Indonesia’s oil, gas output in July misses target again

27 August 2021

Indonesia’s oil and gas production in July remained below the government’s 2021 production target of 1.71mn barrels of oil equivalent per day, Indonesian Energy Minister Arifin Tasrif said this week.

India’s crude production slides in July

27 August 2021

India’s crude production continued to slide in July even as natural gas production rebounded on the back of new fields being brough onstream.

Guyana, Suriname expect drilling activity to remain high for next two years

27 August 2021

Guyana and neighbouring Suriname are expecting exploration drilling to remain at a high level over the next two years.

SA Minister Mantashe hits out at Eskom’s coal closure plan

26 August 2021

South African Mineral Resources and Energy Minister Gwede Mantashe has dubbed Eskom’s plans to gradually close coal-fired power plants and build renewables capacity as “economic suicide.”

JPMorgan Chase backs South African black-owned enterprises

26 August 2021

JPMorgan Chase has launched a $20mn to back black-owned enterprises in South Africa in welcome news for a country that is suffering from slow economic growth and regular power cuts.