Latest Stories

Romanian hydropower giant Hidroelectrica launches IPO

23 June 2023

17.3% of Hidroelectrica for sale as long-awaited IPO begins on Bucharest Stock Exchange.

CER forecasts drop in Canadian oil production under net-zero scenarios

23 June 2023

The Canada Energy Regulator has projected that the country’s oil production could fall by up to 76% depending on how quickly Canada and the rest of the world reach net-zero emissions

Judge orders shutdown on section of Enbridge’s Line 5 within three years

23 June 2023

Canada’s Enbridge is planning to appeal against a court order to shut down a portion of its Line 5 pipeline that crosses tribal land in Wisconsin within three years

ExxonMobil’s next steps in Guyana

23 June 2023

ExxonMobil appears to be more interested in making a thorough study of Stabroek than in bidding for new offshore assets.

Iraqi refining news gives pause for optimism

22 June 2023

Qatar signed a deal this week to develop an oil refinery in Iraq, while the rehabilitation of another facility supports a broader positive trend in the Iraqi downstream.

The end of Russian gas in Europe? Gazprom-Ukraine deal unlikely to be renewed, says energy minister Herman Halushchenko.

22 June 2023

Gazprom, Russia’s national energy giant, is unlikely to renew its contract with Ukraine, jeopardising the last route for Russian gas to Europe, the Financial Times reported on June 22.

Venezuela selects three projects to promote gas development, report says

22 June 2023

Venezuela is looking to accelerate development of the country’s natural gas industry and has identified three projects as the best means of achieving this goal.

Woodside makes FID on ultra-deepwater Trion project

22 June 2023

Australia’s Woodside Energy has taken a final investment decision to proceed with development of Trion, an ultra-deepwater field located off the coast of the Mexican state of Tamaulipas.

Argentina launches President Nestor Kirchner Gas Pipeline

22 June 2023

Argentina hit a milestone on June 20 as it began loading natural gas into a new pipeline built to handle production from the Vaca Muerta shale formation.

Civitas to enter Permian by buying $4.7bn worth of assets

22 June 2023

Civitas Resources announced on June 20 that it had signed two definitive agreements to acquire oil-producing assets worth a combined $4.7bn in the Permian Basin.

Colombia’s finance minister says no immediate halt to oil, coal exports

22 June 2023

Colombia’s Finance Minister Ricardo Bonilla says the country will continue extracting fossil fuels for an extended period of time, until it could establish reliable alternative sources of revenue.