Latest Stories

South Korean firms line up LNG supply deals

27 May 2022

Two South Korean companies signed sale and purchase agreements (SPAs) this week to buy LNG from international sellers – France's TotalEnergies and the US' Cheniere Energy.

Court rejects ExxonMobil’s attempt to dismiss climate change lawsuit

27 May 2022

Massachusetts’ top court rejected a bid this week from ExxonMobil to dismiss a lawsuit accusing the firm of misleading consumers and investors about the fossil fuel industry’s role in climate change.

Terra reportedly exploring $2.5bn sale

27 May 2022

Private equity firms Kayne Anderson Capital Advisors and Warburg Pincus are reportedly considering selling Terra Energy Partners.

EnLink proceeds with Matterhorn Express gas pipeline

27 May 2022

Dallas-headquartered EnLink Midstream said on May 19 that, together with its partners, it would move forward with building the Matterhorn Express gas pipeline from the Permian Basin to the Houston area of Texas.

Biden administration to propose new federal offshore development plan by June 30

27 May 2022

US Secretary of the Interior Deb Haaland has confirmed that a new five-year plan for federal offshore oil and gas development would be proposed by June 30, the expiry date for the current plan.

CNH authorises Pemex unit to drill Popoca-1EXP

27 May 2022

Mexico’s CNH has authorised a unit of Pemex to spud a new exploration well at the Popoca field, located off the coast of Tabasco State in the southern Gulf of Mexico.

Colombia’s Ecopetrol to join Oxy subsidiary in exploring four offshore Caribbean blocks

27 May 2022

Colombia’s Ecopetrol will be teaming up with a subsidiary of the US-based Occidental Petroleum to explore four offshore blocks in Colombia’s section of the Caribbean Sea.

Bolsonaro fires yet another Petrobras CEO

27 May 2022

Brazil’s Petrobras is facing yet another personnel re-shuffle, as the country’s president has fired CEO José Mauro Ferreira Coelho and nominated a senior official from the Economy Ministry as his replacement.

Equinor, ExxonMobil near decision on Bacalhau expansion project

27 May 2022

The Norwegian oil company Equinor and its US-based partner ExxonMobil are moving toward a decision on an $8bn upstream expansion project in Brazil, according to a Reuters report.

Melbana Energy spuds Zapato-1 at Block 9

27 May 2022

Australia’s Melbana Energy revealed earlier this week that it had spudded the Zapato-1 exploration well at Block 9, its contract area onshore Cuba.

Sahel countries to receive dedicated solar energy training programme

27 May 2022

Five African countries in the continent’s Sahel region are to become the targets of a dedicated solar energy training programme.

Construction begins of unit 4 at China’s Xudabao NPP

27 May 2022

First concrete has been poured for unit 4 of China’s Xudabao NPP in Huludao, Liaoning province.

Centennial, Colgate in largest shale merger of 2022

27 May 2022

Centennial Resource Development and Colgate Energy Partners III have agreed to combine in the largest shale merger of the year to date.

Is coal killing us all?

27 May 2022

Ending coal-fired power generation could prevent 14.5mn premature death from air pollution between now and 2050 and would create up to $16.3 trillion in economic benefits.

Sempra launches CCS development at Cameron LNG

27 May 2022

Sempra Infrastructure has signed a participation agreement with TotalEnergies, Mitsui & Co. and Mitsubishi to develop the proposed Hackberry Carbon Sequestration project in Louisiana to capture emissions from the Cameron LNG terminal.

Regas rates at Grain LNG reach record levels as European demand soars

27 May 2022

The Grain LNG terminal in the UK posted record gas send-out levels in April, as high demand for gas from Europe pushed utilisation rates up, with LNG tankers arriving from eight new countries since January.

Kazakhstan considers NPP construction

27 May 2022

Kazakhstan continues to study various technologies, including for the construction of a NPP, Kazakh Energy Minister Bolat Akchulakov said on the sidelines of a forum on the development of oil and gas engineering.