Latest Stories

Bondholders told to reject Naftogaz's request for two-year debt payment freeze

16 July 2022

Bondholders of Naftogaz, Ukraine's state-owned energy company, were told by advisors from legal firm Dechert to reject the company's request for a two-year payment freeze on $1.4bn of its bonds, Reuters reported on July 14.

Harbour strikes gas with Timpan-1 well offshore Indonesia

16 July 2022

UK-listed Harbour Energy announced on July 11 that it had made a natural gas and condensate discovery with the Timpan-1 well offshore Indonesia.

Samsung Engineering wins EPCC contract for Shell gas plant in Malaysia

16 July 2022

South Korea’s Samsung Engineering announced on July 13 that it had been awarded an engineering, procurement, construction and commissioning (EPCC) contract for an onshore gas plant at Shell’s Rosmari-Marjoram project in Malaysia.

China’s state-owned giants buoyed by high oil prices

16 July 2022

CNOOC Ltd has more than doubled its profits for the first half of 2022 compared with 2021, while PetroChina expects its first-half profit to rise by 50-60%.

Worley wins FEED contract for Santos’ Bayu-Undan CCS project

16 July 2022

Worley has been awarded a front-end engineering and design (FEED) contract for infrastructure at Santos’ planned Bayu-Undan carbon capture and storage (CCS) project offshore Timor-Leste.

Shell announces extension of disruption to Prelude FLNG cargoes

16 July 2022

Shell told customers on July 11 that it would be unable to supply cargoes from its Prelude floating LNG (FLNG) facility offshore Australia until at least July 21.

Court upholds Nexus pipeline approval

16 July 2022

The US Court of Appeals for the District of Columbia (DC) Circuit last week upheld the Federal Energy Regulatory Commission’s (FERC) approval of the already operational Nexus Gas Transmission pipeline.

Delfin signs SPA for planned offshore LNG project

16 July 2022

Delfin Midstream finalised a sale and purchase agreement (SPA) this week with commodity trader Vitol for offtake from its planned floating LNG (FLNG) export terminal in the US Gulf of Mexico.

Tellurian to buy Haynesville assets from EnSight

16 July 2022

US LNG developer Tellurian announced this week that its production unit had agreed to buy natural gas assets in Louisiana’s Haynesville shale play from privately owned EnSight IV Energy Partners and EnSight Haynesville Partners.

Rosenergoatom extends working life of BN-600 fast neutron reactor

15 July 2022

The Beloyarsk NPP is to replace 24 steam generator modules to prepare for the life extension of the BN-600 sodium-cooled fast reactor at unit 3 beyond 2025

Biden administration weighs options for Willow

15 July 2022

The administration of US President Joe Biden is considering a range of options for ConocoPhillips’ proposed Willow project in Alaska after the initial approval for the development was overturned by a court last year.

Maximising domestic gas supplies in Brazil

15 July 2022

As a Brazilian legislator talks to stakeholders about bringing more gas to shore and reducing re-injection, he should take a closer look at Petrobras’ development strategy and CCUS solutions.

Ukraine sees impressive earnings from electricity exports but iron ore exports have dropped

15 July 2022

Ukraine’s electricity earnings have increased by 160% in the last six months, Ukraine Business News (UBN) reported on July 15.

Staatsolie VP urges IOCs to consider shallow-water blocks

15 July 2022

Glenn Corrie, VP of offshore operations at Suriname’s national oil company Staatsolie, has urged investors to look closely at shallow-water acreage that will be offered in an upcoming licensing round.

Shipments to Europe help boost Venezuelan oil exports 61% in June

15 July 2022

Venezuela saw exports of crude oil and refined fuels rise by 61% last month as it resumed shipments of crude to Europe for the first time in two years.

Citgo says it would be willing to import Venezuelan crude with US government’s permission

15 July 2022

Citgo Petroleum, a US-based downstream affiliate of Venezuela’s national oil company PdVSA, indicated last week that it was willing to resume imports of Venezuelan crude if the US government authorised it to do so.