Latest Stories

Devon amends agreement for sale of Barnett assets

16 April 2020

US independent producer Devon Energy announced this week that it has amended an agreement it originally struck in December 2019 to sell its assets in the comparatively mature Barnett shale to Thai-backed Banpu Kalnin Ventures (BKV).

Orsted completes Texas wind farm that will supply ExxonMobil

15 April 2020

Denmark’s Orsted announced last week that it had completed its Sage Draw wind project in Texas. The majority of the output from the 120-wind turbine project will be sold to super-major ExxonMobil to help power its Permian Basin operations.

Takeover deal for LNGL collapses, putting company in danger

15 April 2020

A planned takeover deal for Australia-headquartered LNG Ltd (LNGL) has collapsed, after the buyer, LNG9, failed to secure financing for the transaction and withdrew its bid.

Further Canadian output cuts expected

15 April 2020

Canadian producers are expected to shut in more output, even though the country has not committed to mandatory cuts to support the OPEC+ supply agreement.

Emissions forecast to fall by 4%

15 April 2020

The global COVID-19 pandemic could cause emissions to fall by 4% in 2020

Ørsted positive for offshore wind in Japan

15 April 2020

Ørsted CEO Matthias Bausenwein remains hopeful that the COVID-19 pandemic will not affect the company’s plans for Japan’s emerging offshore wind industry

3 GW of green capacity at risk in Australia in 2020

15 April 2020

The global COVID-19 pandemic could cause up to 3GW of wind and solar projects in Australia to be put on hold.

Lower fuel demand leads YPF to slash Vaca Muerta output

15 April 2020

YPF has cut oil production at fields in the Vaca Muerta shale formation, on the grounds that energy demand has fallen since the government imposed a lockdown to curb the spread of coronavirus.

Venezuela oil service firms eye looser restrictions on gasoline imports, sales

15 April 2020

Representatives of Venezuela’s private fuel supply companies are urging the government to loosen restrictions on the import and sale of gasoline.

Indian power consumption falls 25%

15 April 2020

Indian power consumption falls 25%

Nigeria, Algeria, South Sudan endorse new OPEC-plus production deal

14 April 2020

Nigeria, Algeria and South Sudan have agreed to trim output in order to help rebalance markets.

Saudi public debt and sukuk in a time of COVID-19 and low oil prices

14 April 2020

Saudi Arabia plans to expand its sukuk borrowing programme to cover the budget deficit caused by low oil prices