Latest Stories

PTT seeks Middle Eastern partners

3 September 2019

Thailand’s state-run PTT is in talks with Middle Eastern oil and gas producers to help meet the Southeast Asian country’s growing energy demand, company CEO Chansin Treenuchagron has said.

JGC wins EPC contract for Philippine LNG project

3 September 2019

Philippine power utility First Gen has awarded an engineering, procurement and construction (EPC) contract for the Batangas liquefied natural gas (LNG) project to Japanese engineering outfit JGC.

PetroChina profits climb on stronger sales

3 September 2019

State-run PetroChina has recorded a 3.6% year-on-year increase in its first-half net profit to CNY28.42bn ($3.96bn) on the back of stronger oil and gas sales.

India mulls loan for northeastern pipeline project

3 September 2019

The Indian government is reportedly considering an INR54bn ($748mn) loan to fund a new natural gas pipeline that will connect several major cities in the country’s north-east.

OVL seeks extension to block offshore Vietnam

3 September 2019

India’s state-run ONGC Videsh Ltd (OVL) has reportedly sought a two-year extension to a block offshore Vietnam, which lies partly in waters claimed by China.

Russia's Rosneft oil major claims Druzhba crisis still unresolved

3 September 2019

Russian oil major Rosneft claims that state oil pipeline operator Transneft has failed to resolve all the issues with chlorine contaminated oil, Reuters reported on September 3 citing the announcement of Russia's largest crude oil producer.

OGNC plans OALP development spending

3 September 2019

India’s state-owned Oil and Natural Gas Corp. (ONGC) has reportedly drawn up a four-year, $400mn development plan for blocks won in the country’s first three Open Acreage Licence Programme (OALP) bid rounds.

Vietnam aims for 2,000 MW of rooftop solar

3 September 2019

Vietnam is forecast to have 2,000 MW of rooftop solar capacity by the end of 2020

New warnings come over Permian challenges

3 September 2019

A new study has said the Permian Basin will struggle with a number of issues in the near future, including the glut of associated natural gas production.

Texas storage operator plans IMO-compliant processing facility

3 September 2019

Texas International Terminals has confirmed plans for a crude processing facility that will be compatible with International Maritime Organization low-sulphur requirements.

Plains drops plan for Cactus II surcharge

3 September 2019

Plains All American Pipeline has dropped a proposal to impose a surcharge of $0.05 per barrel for shipments of crude on its Cactus II pipeline after the plan led to a backlash from producers.

Motor fuel prices drop slightly in Zimbabwe

3 September 2019

Zimbabwe’s government has slightly reduced its ceiling for motor fuel prices, marking the first weekly decline since January 13.

BP exiting Alaska with sale to Hilcorp

3 September 2019

Super-major BP has struck a deal to sell the whole of its Alaska business to privately owned Hilcorp Energy for $5.6bn.

Bangladesh seals power deal with Reliance Power, JERA

3 September 2019

Bangladesh is to buy 718 MW over 22 years from 2022 from a privately owned gas-fired power plant to be built by India's Reliance Power and Japan’s JERA.

Springfield Energy to use Stena Forth for Ghana’s first deepwater drilling deal

3 September 2019

Springfield Energy has arranged to use a drillship owned by Stena Drilling for the first deepwater drilling campaign in Ghana’s offshore zone.

Canadian regulator undergoes overhaul

3 September 2019

Canada has overhauled and renamed its energy regulator under a new bill that is not popular with supporters of the oil industry.

Sudan: What’s at stake

3 September 2019

This essay will take a brief look at what’s at stake – at the oil and gas infrastructure that Sudan still has, even after the loss of its most hydrocarbon-rich territories.

Canadian regulator seeks comments on Enbridge’s Mainline proposal

3 September 2019

In an early test, the newly renamed Canadian Energy Regulator has asked for comments on a change proposed by pipeline operator Enbridge to contracts on its Mainline system.