Latest Stories

Chevron sanctions Ballymore project in deepwater Gulf

18 May 2022

Chevron announced on May 17 that it had taken a final investment decision on the Ballymore project in the US Gulf of Mexico.

REM: $315mn in winning bids announced for US offshore wind lease

18 May 2022

TotalEnergies Renewables USA and Duke Energy Renewables Wind won a US government lease auction off the Carolinas with winning bids totalling $315mn. The tracts have a capacity of 1.3 GW.

Kibo Energy signs Southern African energy storage deal wtih CellCube

18 May 2022

Kibo Energy, a fossil fuel electric power generation company based in Ireland, has signed a rolling five-year agreement CellCube to develop and deploy energy story solutions in Southern Africa.

NorthAmOil: Chevron sanctions Ballymore project in deepwater Gulf

18 May 2022

Chevron announced on May 17 that it had taken a final investment decision (FID) on the Ballymore project in the US Gulf of Mexico.

LatAmOil: CGX not yet ready to declare Kawa-1 commercial

18 May 2022

Canada’s CGX Energy, the operator of the Corentyne block offshore Guyana, is not yet ready to determine whether the hydrocarbon discovery at the Kawa-1 well is commercially viable.

Nigeria: TotalEnergies issues sale document for SPDC stake

18 May 2022

TotalEnergies (France) has officially begun the process of selling its 10% stake in the Shell Petroleum Development Corp. (SPDC) joint venture.

AsianOil: Chinese refinery throughput down amid lockdowns

18 May 2022

Chinese refinery throughput was down 11% year on year in April, the latest data from the National Bureau of Statistics have shown.

AfrOil: Afreximbank, APPO aim to create new oil and gas financing avenue

18 May 2022

The African Export-Import Bank (Afreximbank) and the African Petroleum Producers Organisation (APPO) are teaming up to establish a new avenue of funding for oil and gas projects in Africa.

EU opens loophole for Russian gas-for-rubles scheme

18 May 2022

The EU said that companies could keep buying Russian gas through Gazprombank without breaching sanctions for Russia’s military invasion of Ukraine, with the condition that they consider their obligations fulfilled once they pay in euros or dollars

Afreximbank, APPO sign MoU on establishment of pan-African oil and gas financing entity

18 May 2022

The African Export-Import Bank (Afreximbank) and the African Petroleum Producers Organisation (APPO) are teaming up to establish a new avenue of funding for oil and gas projects in Africa, the African Energy Chamber (AEC) said.