Latest Stories

Rosatom's €12.5bn nuclear plant expansion in Hungary moves forward

23 November 2020

Hungary's energy regulator MEKH issued an electricity implementation licence for the construction of two new blocks at the Paks nuclear power plant in a fast-track procedure.

Turkey under renewed pressure from EU over Cyprus and gas exploration

20 November 2020

Erdogan’s visit to breakaway north of Cyprus, described by Nicosia as “provocative and illegal”, has widened rift between bloc and Ankara.

US Gulf lease sale fetches over $120mn in high bids

20 November 2020

The US Bureau of Ocean Energy Management (BOEM) announced on November 18 that Lease Sale 256 in the Gulf of Mexico generated $120.8mn in high bids for 93 tracts covering 517,733 acres (2,095 square km) in federal waters.

Enbridge Gas unveils hydrogen blending pilot project

20 November 2020

Enbridge Gas, a subsidiary of Canada’s Enbridge, announced this week that it is partnering with Cummins on a CAD5.2mn ($4.0mn) pilot project to blend renewable hydrogen into a portion of the natural gas network in Markham, Ontario.

Petrobras launches teaser stage of Marlim cluster sale

20 November 2020

Brazil’s national oil company (NOC) Petrobras has opened the opportunity disclosure, or teaser, stage of its planned sale of a legacy asset known as the Marlim cluster.

EU sets 300-GW offshore wind target for 2050

19 November 2020

The EU aims to increase Europe’s offshore wind capacity from 12 GW at present to at least 60 GW by 2030 and 300 GW by 2050 in a bid to reach climate neutrality by 2050.

US extends Venezuelan waiver for Chevron, oilfield service companies

19 November 2020

The US Treasury Department’s Office of Foreign Assets Control (OFAC) has extended the waiver granted to Chevron and three oilfield service providers from sanctions on the Venezuelan oil industry until June 3.

Staatsolie calls tender for eight shallow-water offshore blocks

19 November 2020

Staatsolie Hydrocarbon Institute (SHI), a division of Suriname’s national oil company (NOC) Staatsolie, has opened a new offshore bidding round.

PTT delays FID on Ohio cracker but reiterates commitment

19 November 2020

A US subsidiary of Thailand’s PTT has reportedly delayed a final investment decision on a proposed petrochemical project in Ohio.

Westmount confirms non-commercial oil find at Kaieteur

19 November 2020

AIM-listed Westmount Energy, an indirect shareholder in the Kaieteur block offshore Guyana, has confirmed reports of a new oil discovery in the Tanager section of the licence area.

Brazil’s base oil imports hit 16-month high on US imports

19 November 2020

Brazil’s base oil imports reached a 16-month high last month, following a jump in shipments from the US, according to newly released government data.