Latest Stories
PdVSA invites private Venezuelan companies to operate some of its oilfields
Venezuela’s government has reportedly offered to let small, privately owned companies operate fields assigned to state-owned PdVSA in a bid to prop up sagging production levels.
Kenya Power targets 55,000 SME customers with smart meters
Kenya Power is to install smart meters at 55,000 customers in the small and medium enterprise (SME) sector across the country by June, funded by a KES1.25bn ($11mn) grant from the World Bank.
Asian buyers need to rethink LNG strategy
Asian buyers of liquefied natural gas (LNG) are beginning to rethink their energy strategies after prices soared to record highs in recent weeks.
Greece to extend Ionian territorial waters, warns Turkey it has “zero naivety” ahead of talks on maritime gas rights
AfDB, EIB sign joint partnership action plan to fast-track development in Africa
The African Development Bank (AfDB) and the European Investment Bank (EIB) have signed a joint partnership action plan that aims to strengthen co-operation and mutual development priorities.
Halliburton sees bright spots amid fourth-quarter loss
Oilfield service provider Halliburton reported a net loss for the fourth quarter of 2020, but said that its revenue rose on a sequential basis, with its North American revenue showing the largest increase.
Iran brings $3.4bn gas refinery on stream
Fire engulfs tankers at Syria's Homs refinery
Woodside, Santos enjoy record production in 2020
Australia’s two largest oil and gas developers, Woodside and Santos, have posted record production figures for 2020, though both companies saw revenues compressed by last year’s energy price collapse.
Woodside expands LNG supply deal with Uniper
Australia’s Woodside Energy has agreed to expand its supply of liquefied natural gas (LNG) to Germany’s Uniper Global Commodities.
KrisEnergy announces exit from Bangladesh’s offshore
Bangladesh’s flagging offshore exploration scene has taken another knock, following news this week that a shallow-water project has been returned the government.
ADNOC merges downstream, trading and marketing units
China’s city-gas operators enjoy winter rush
China’s coldest winter in decades has proved to be a boon for the country’s city-gas operators, which have seen fuel demand skyrocket.
India decries Saudi production cuts
India has complained about Saudi Arabia’s decision earlier this month to cut crude oil production and has suggested the move could see oil buyers shift to alternative energy sources.
JKX Oil & Gas output down 4.7% in 2020
Talon to expand footprint in WA’s onshore
Australian junior Talon Petroleum is set to expand its holdings in Western Australia’s onshore Perth Basin after agreeing to buy a 100% stake in the Muchea play from Macallum.
Origin strikes gas at Beetaloo shale play
Australian developer Origin has announced the discovery of hydrocarbons at its exploration well in the Northern Territory’s Beetaloo Sub-basin.
Keystone XL’s fate sealed as Biden takes office
New US President Joe Biden took immediate steps to cancel the Keystone XL pipeline upon taking office this week, despite operator TC Energy’s last-ditch efforts to save the pipeline.
Tellurian hopes to start Driftwood construction this summer
US LNG developer Tellurian is hoping to start construction on its proposed Driftwood LNG terminal in Louisiana this summer, even though a final investment decision (FID) has not been made on the project yet.
EBRD mulls lending €17.5mn to Bulgaria’s VEZ Svoghe for new greenfield renewable energy projects
Overcapacity threatens viability of Bangladesh’s power sector
Overcapacity in Bangladesh’s power system has worsened and threatens to deteriorate further, the Institute for Energy Economics and Financial Analysis (IEEFA) said in a note.
Follow us online