Latest Stories

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.

Ahead of ICJ hearing, Somalia denies Kenyan claims on offshore auctions

9 September 2019

Somalia’s government has denied claims that it intends to head off a pending arbitration case by auctioning off a number of offshore blocks that may contain crude oil and natural gas near its disputed maritime border with Kenya.

US court rejects efforts by ExxonMobil, Shell to collect compensation from Nigeria

9 September 2019

ExxonMobil (US) and Royal Dutch Shell (UK-Netherlands) have suffered a setback in their attempt to enforce an arbitration court’s ruling against Nigerian National Petroleum Corp. (NNPC).