Latest Stories

Second-quarter results show shale struggles

20 August 2019

The tough operating environment shale drillers find themselves in is being illustrated by a number of companies’ second-quarter results.

Japan’s SoftBank invests $110 in energy storage

20 August 2019

Softbank’s $100bn Vision Fund has made its first investment in energy storage technology by backing Swiss-based energy storage start-up Energy Vault with $110mn.

EPIC begins Permian crude shipments

20 August 2019

EPIC Midstream Holdings has started crude shipments from the Permian Basin to the Texas Gulf Coast.

India, China argue over climate change costs

20 August 2019

India and China are leading a call by the world’s largest emerging economies for established industrialised countries to carry the costs of fighting climate change

China to step up mine safety record

20 August 2019

China is to begin a series of safety inspections at its coal mines during September after a number of fatal accidents in recent months

BW Energy spuds exploration well offshore Gabon

20 August 2019

The Anglo-Norwegian company BW Energy and its partners have begun drilling a new vertical exploration well at Hibiscus Updip, a prospect within the Dussafu Marin contract area offshore Gabon.

Namibian official explains rejection of refinery proposals

20 August 2019

Namibia’s Ministry of Mines and Energy confirmed last week that it was not yet ready to approve any of the proposals it has received for the construction of an oil refinery.

Nigerian government criticises SPDC’s attempt to retain OML 11 operatorship

20 August 2019

Nigeria’s federal government has signalled that it will continue to battle Royal Dutch Shell’s attempt to regain its position as operator of Oil Mining Lease 11 (OML 11).

US regulators approve Caesar-Tonga stake sale

20 August 2019

The US Bureau of Ocean Energy Management has approved Royal Dutch Shell’s sale of its 22.45% stake in the Caesar-Tonga oilfield in the US Gulf of Mexico to Norway’s Equinor.

Nigeria prepares for audit of downstream sector

20 August 2019

The government of Nigeria is gearing up to conduct a wide-ranging audit of the country’s downstream oil and gas infrastructure.

Suriname hopes bond sale will generate funds for offshore exploration

19 August 2019

The national oil company (NOC) of Suriname hopes to raise money for offshore exploration projects with a bond sale in 2020.

Japan’s MODEC sells bonds to refinance FPSO now working offshore Brazil

19 August 2019

Japan’s MODEC has issued project bonds on international capital markets to raise the money needed to refinance an FPSO chartered for work in the pre-salt zone offshore Brazil.

IHS Markit to host roadshow presentations for Angola’s next licensing round

19 August 2019

IHS Markit has agreed to assist Angola’s National Agency for Oil, Gas and Biofuels, known as APNG, with its next licensing round, which is due to take place in September.

Kenyan government to endorse Qatar Petroleum’s farm-in deal for Lamu blocks

19 August 2019

Kenya’s government intends to endorse Qatar Petroleum’s plans to join an offshore oil exploration project in the Lamu Basin.