Latest Stories

Alberta extends oil curtailments until end of 2020

27 August 2019

The government of Alberta has extended its mandatory programme of curtailments on oil production in the province until the end of 2020.

floating nuclear first for Russia

27 August 2019

Russia’s Akademik Lomonosov, the country’s pioneering floating nuclear power plant, set sail from Murmansk on August 23 bound for Pevek, Chukotka, via the Northern Sea Route.

Nebraska court affirms new Keystone XL route

27 August 2019

A court in Nebraska has affirmed an alternative route through the state for the Keystone XL oil pipeline being developed by TC Energy.

PDC to expand in Wattenberg through SRC acquisition

27 August 2019

PDC Energy has announced this week that it is buying SRC Energy in an all-stock deal worth $1.7bn, including the assumption of the latter’s $685mn of net debt.

BHP makes highest bid in Gulf lease sale

27 August 2019

Lease Sale 253, held in New Orleans on August 21, generated nearly $159.4mn in high bids for 151 tracts.

South Sudan reports two new oil discoveries

27 August 2019

CNPC’s large new oilfield should help Juba bring production back up, and a smaller find could establish a path towards diversification.

Pembina makes oil sands bet with purchase of Kinder Morgan assets

27 August 2019

Canada’s Pembina Pipeline has struck a deal to buy Kinder Morgan’s Canadian subsidiary and the US portion of the Cochin pipeline for a total of CAD4.35bn ($3.29bn).

Thai aims to boost cross-border links

27 August 2019

Thailand aims to become Southeast Asia’s electricity trading hub as the government pushes forward ambitious plans to make the country’s fossil fuel-reliant power systems cleaner and cheaper.

Nigerian judge reinstates SPDC’s licence for OML 11

27 August 2019

SPDC scored a victory in court last week, when a Nigerian judge ordered the government to reinstate its licence for OML 11, a block in the south-eastern Niger River Delta.

LADOL battling lawsuits from Samsung, Africoat

27 August 2019

Nigeria’s campaign to increase the use of local content in oil and gas projects is suffering setbacks, as the Lagos Deep Offshore Logistics Base (LADOL) is embroiled in legal battles with two key partners.

SBIDZ actively seeking new partners for oil and gas operations base

27 August 2019

Saldanha Bay Industrial Development Zone (SBIDZ) is moving closer to establishing itself as South Africa’s only oil and gas operations base operated exclusively by domestic companies.

Kenyan government prepares to explain its plan for use of oil revenues

26 August 2019

A team of Kenyan government officials will travel to Turkana County this week to inform residents of the area about plans for the use of future crude oil revenues.