Latest Stories

Russia, Ukraine strike preliminary gas transit deal

15 December 2019

Russia and Ukraine have struck a preliminary gas transit deal to replace the contract that is due to expire on December 31, 2019, Naftogaz executive director Yuriy Vitrenko said on his Facebook page.

Turkish drones flying from Northern Cyprus ‘to escort drill ships seen as illicit by EU’

14 December 2019

Armed unmanned aerial vehicles among drones to operate from airport designated by breakaway territory’s cabinet.

Croatia's INA signs off on €537mn refinery upgrade

13 December 2019

INA's investment at Rijeka will be the largest in its history, establishing the plant as a top-tier European refinery.

Poland spared commitment to EU 2050 climate neutrality goal – for now

13 December 2019

The EU will strive to reach climate neutrality in 2050. Poland was the only country not to sign up for the goal and the discussion on how to get Warsaw on board will resume in June.

Management shake-up at Tullow

12 December 2019

Tullow Oil's CEO and exploration director have stepped down following setbacks in Ghana, Uganda and Guyana.

Eskom’s outlook is bleak as worst ever power cuts hit SA

12 December 2019

South African President Cyril Ramaphosa has said that Eskom will stabilise the national grid and end power cuts by March in an effort to calm popular protests and to avoid any long-term harm to the economy.

Rosneft taking the reins of its JVs with PdVSA in Venezuela

12 December 2019

Rosneft, Russia’s largest oil producer, is reportedly taking the reins of several joint ventures it has set up with PdVSA, Venezuela’s national oil company (NOC).

Pemex announces major discovery at Quesqui field in Tabasco

12 December 2019

Mexico’s national oil company (NOC) has discovered a sizeable onshore deposit of crude oil and natural gas in the state of Tabasco.

Suriname finds no oil or gas in shallow-water drilling campaign

12 December 2019

The national oil company (NOC) of Suriname said last week that it had wrapped up its 2019 drilling programme, known as the Nearshore Drilling Project, without making any discoveries.

Ecopetrol, Frontera and Amerisur among winners in Colombia auction

12 December 2019

Canada’s Parex Resources, Colombia’s Ecopetrol and its subsidiary Hocol were among the companies to be awarded contracts to operate blocks in Colombia’s latest oil and gas auction round on December 5.

Ecuador awards major crude supply contract to Shell

12 December 2019

Ecuador’s national oil company (NOC) Petroecuador has awarded a unit of the Anglo-Dutch oil super-major Royal Dutch Shell a contract to lift some 20.2mn barrels of Oriente-grade crude.