Latest Stories

Koch exits oil sands

15 August 2019

Koch Industries has confirmed that recently sold off its upstream leases and abandoned licences in Alberta’s oil sands.

Oil shipments begin on Cactus II

15 August 2019

Commodity trader Trafigura announced on August 12 that it has started shipping oil on the Cactus II pipeline out of the Permian Basin.

Occidental closes Anadarko acquisition

15 August 2019

Occidental Petroleum closed its acquisition of Anadarko Petroleum last week and is now figuring out the next steps to take with the latter’s assets.

Botswana marks private coal first

14 August 2019

Minergy’s Masama mine in Botswana has produced its first saleable coal for export to South Africa and Namibia

US shale bankruptcies continue for Halcon, Sanchez

14 August 2019

Over the past week, both Halcon Resources and Sanchez Energy have separately filed for Chapter 11 bankruptcy protection.

Murphy reports Gulf push

14 August 2019

US independent Murphy Oil has announced that it is proceeding with three new projects in the deepwater US Gulf of Mexico.

Petrobras moves ahead with divestment programme

14 August 2019

Petrobras' plans to sell off some of its upstream assets play into a wider campaign to reorient the company's portfolio.

Eskom sizes up its debts

14 August 2019

Eskom’s chief restructuring officer is to take weeks not months to decide if the government can offer a $16.4bn bailout