Latest Stories

MOL, Karpowership agree final details for floating 48-MW LNG-to-power project

4 September 2019

Mitsui OSK Lines (MOL) and Turkey’s Karadeniz Holding have revealed their final plans to develop a 48-MW floating LNG-to-power project in Mozambique

Japan commits to raising private lending to Africa

4 September 2019

Tokyo has agreed to raise Japanese private lending to Africa to $1.75bn between 2020 and 2022

Chevron seeking more favourable terms for possible exit from Venezuela

4 September 2019

Chevron is reportedly taking steps to ensure a softer landing in the event that it has to exit Venezuela.

One price freeze leads to another

4 September 2019

Argentina’s Energy Secretariat is seeking to temper the impact of its decision to impose a temporary freeze on crude oil and motor fuel prices.

Eco Atlantic ally optimistic about prospects for additional oil finds offshore Guyana

4 September 2019

Kinley Exploration, a US-based company with close ties to Canada’s Eco Atlantic Oil & Gas, has expressed optimism about the prospects for further oil discoveries offshore Guyana.

Bahamian NOC seen preparing for exploration drilling in 2020

4 September 2019

The national oil company of the Bahamas has reportedly made arrangements to launch an offshore exploration drilling programme next year.

Phoenix says talks with CNOOC on LNG JV ongoing

4 September 2019

The Philippines’ Phoenix Petroleum, which is headed by businessman Dennis Uy, has denied reports that China National Offshore Oil Corp. may pull back from the two companies’ planned LNG joint venture.

PNG finally backs Papua LNG deal

4 September 2019

The Papua New Guinea (PNG) government has said it will honour the terms of the Papua LNG gas agreement, after months of mixed messaging that had left the project’s future in doubt.

China calls for greater domestic gas production

4 September 2019

The Chinese government has released a new report calling for a ramp-up in natural gas production in order to boost national energy security.

ConocoPhillips signs new PSC for East Timor gas field

4 September 2019

US super-major ConocoPhillips has signed a new production-sharing contract (PSC) for East Timor’s Bayu Undan natural gas field.

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.