Latest Stories

Russia to back €1.5bn investment in two gas-fired power plants in Bosnia’s Republika Srpska

22 June 2022

Bosnian Serb leader Milorad Dodik announces major investment after he blocked Russia sanctions and voiced strong support for Russian President Vladimir Putin in St Petersburg.

Naftogaz increases payments to Ukraine's state budget by 34% and prepares to sue Russia's Gazprom

22 June 2022

Naftogaz, Ukraine’s state-owned oil and gas company, increased payments to the state budget by 34.3%, Ukraine Business News reported on June 22.

NorthAmOil: Targa to buy Lucid in $3.6bn Permian acquisition

22 June 2022

Targa Resources announced on June 16 that it had struck a deal to buy Lucid Energy from Riverstone Holdings and Goldman Sachs Asset Management for $3.55bn in cash.

LatAmOil: APA reports on size of Krabdagu-1 well offshore Suriname

22 June 2022

APA Corp. (US) revealed on June 21 that Krabdagu-1, an exploration well drilled at Block 58 offshore Suriname, appears to contain at least 180mn barrels of oil in place (OIP).

AsianOil: JGC Indonesia awarded EPC contract for Akatara gas plant and pipeline

22 June 2022

Japan’s JGC Holding's subsidiary, JGC Indonesia, has won an EPC contract from Jadestone Energy for a gas processing facility and pipeline for the Akatara field.

AfrOil: First gas loaded into Coral Sul FLNG

22 June 2022

The Coral South LNG consortium is on track to begin producing LNG on schedule in the second half of 2022, as it has begun loading natural gas into the Coral Sul floating LNG vessel.

Iran records one of the hottest days on Earth ever

22 June 2022

World leaders distracted by multiple crises might like to spare a moment to take note of the city of Abadan’s experience of a brutally hot 52.2°C.

Ukraine's oil refining industry has completely stopped due to Russian attacks

22 June 2022

The CEO of Naftogaz, Ukraine’s state-owned oil and gas company, has announced that the country’s entire oil refining industry is not working due to targeted Russian rocket attacks, the Kyiv Independent reported on June 22.

Global Petroleum talks up PEL 94 farm-out plans in Namibia

22 June 2022

AIM-listed Global Petroleum said it had observed rising interest in Namibian opportunities among IOCs in the course of its effort to farm out a stake in PEL 94, an offshore licence area in the Walvis basin.

Eco Atlantic to spud Gazania-1 well offshore South Africa in September

22 June 2022

UK-based Eco (Atlantic) Oil & Gas and its partners in Block 2B offshore South Africa are gearing up to spud the Gazania-1 exploration well before the end of the third quarter.