Latest Stories

Crescent Point sells all Uinta assets, some in Saskatchewan

10 September 2019

Crescent Point Energy has agreed to sell all of its assets in the Uinta Basin, as well as some in Saskatchewan, to several parties for a combined CAD912mn ($693mn).

Iran, Saudi Arabia vie for India’s affections

10 September 2019

Middle Eastern rivals Iran and Saudi Arabia have expressed their commitment to supplying India with oil and gas as they vie to deepen their relationships with the world’s third largest energy consumer.

Gunvor bids low in Pakistani LNG tender

10 September 2019

Gunvor has reportedly emerged as the lowest bidder for most of the cargoes in Pakistan’s recent spot liquefied natural gas (LNG) supply tender.

Turkey’s banking association expects $10bn of electric utility loan restructuring this year

10 September 2019

Energy companies left up to their necks in debt by lira crisis.

Japan's Cosmo Eco Power plans 1 GW of offshore wind

10 September 2019

Japan’s Cosmo Eco Power has unveiled ambitious preliminary plans to build the country’s largest wind farm off the island of Hokkaido.

Ørsted commissions second phase of Taiwan’s Formosa 1 wind farm

10 September 2019

Ørsted has begun commissioning the second phase of Taiwan’s Formosa 1 offshore wind farm

SE Asia’s hydro potential must balance power needs and potential environmental damage

10 September 2019

International observers are closely watching the boom in hydro projects on the Mekong River, where China’s Belt and Road ambitions and the region’s power politics collide

Freeport LNG secures over $1bn for Train 4

10 September 2019

Freeport LNG Development announced on September 9 that it has struck a deal with Westbourne Capital under which the latter and its co-investors will provide $1.025bn in the form of a mezzanine loan.

Nigeria’s CESL arranges to buy Armada Perdana FPSO from Malaysian company

10 September 2019

Malaysia’s Bumi Armada said last week that it had arranged to sell a floating production, storage and off-loading (FPSO) unit to Century Energy Services Ltd (CESL) of Nigeria.

YPF execs voice optimism about plans for new LNG plant

10 September 2019

Two high-ranking representatives of Argentina’s national oil company (NOC) YPF said last week that they remained optimistic about the prospects for ramping up LNG exports.

Permian dynamics change as new takeaway capacity comes online

10 September 2019

New oil pipelines out of the Permian are providing relief to producers in the region in an operating environment that remains difficult, while new gas capacity is also being prepared to come online

Will Tanzania’s loss be Kenya’s gain?

10 September 2019

Nairobi’s talk about working with Uganda to build an oil export pipeline is not likely to lead to much concrete action.

Perupetro says Peru LNG complex saw exports rise in August

9 September 2019

Peru’s national oil company (NOC) Perupetro said last week that it had seen LNG exports from the terminal in Pampa Melchorita rise year on year last month.

Libya’s NOC halts kerosene deliveries to eastern regions

9 September 2019

Libya’s National Oil Corp. (NOC) has suspended deliveries of kerosene to areas in the centre and the east that were not under the control of the government in Tripoli.

CNPC subsidiary reportedly suspends work on Sinovensa expansion project

9 September 2019

Venezuela’s plans for expanding the production capacity of Sinovensa, a joint venture between the national oil company (NOC) PdVSA and China National Petroleum Corp. (CNPC), may be suffering a setback.