Latest Stories

NEWSBASE: Third of large Russian oilfields unprofitable: Rosnedra

9 October 2019

Russian subsoil licensing agency Rosnedra has taken an inventory of Russia’s major oilfields and found that one third of them are unprofitable to develop.

NEWSBASE: Gazprom advances LNG plans

9 October 2019

Russia’s Gazprom has struck a deal with Germany’s Linde on setting up a joint venture to design facilities for the processing and liquefaction of natural gas.

Russia blocks booming suspicious coal exports to Ukraine via Belarus

9 October 2019

The Russian authorities have been blocking exports of coal from its territory to Ukraine through the territory of neighbouring Belarus, according to the Ukrainian Ministry of Energy and Coal Mining.

EP Energy files for bankruptcy protection

8 October 2019

EP Energy has filed for Chapter 11 bankruptcy protection, aiming to cut $3.3bn in debt under a proposed deal with Apollo Global Management and Elliott Management.

Occidental opens solar facility to power oil operations

8 October 2019

Occidental Petroleum has started up a solar facility in Texas that will power an enhanced oil recovery project in the Permian Basin’s Goldsmith field.

ADB aims to bring investors closer to green energy

8 October 2019

The Asian Development Bank (ADB) and the Singaporean government-backed Infrastructure Asia fund are to create a new financing forum to drive more investment in green and sustainable infrastructure in South-East Asia.

USGS boosts Marcellus, Utica reserve estimate

8 October 2019

The US Geological Survey has increased its estimate of recoverable reserves in the Marcellus and Utica plays, but producers appear increasingly likely to take a slower approach to tapping these volumes.

Eni acquires solar assets in Australia

8 October 2019

Eni has completed the acquisition of two construction-ready solar projects at Batchelor and Manton Dam in Australia's Northern Territory

Peru LNG reports exports up year on year in September

8 October 2019

Peru’s national oil company (NOC) Perupetro reported last week that the country’s only LNG plant had seen exports rise year on year in September.

Ecuador’s oil minister comments on OPEC departure, oil production plans

8 October 2019

Ecuador’s Hydrocarbons Minister Carlos Perez has offered some insight into his country’s decision to withdraw from OPEC last week.

Ecuador puts an end to motor fuel subsidies

8 October 2019

Ecuador’s President Lenin Moreno said last week that his administration was eliminating subsidised pricing for gasoline and diesel.

Sinovensa suspends blending operations, following Petropiar’s example

8 October 2019

Sinovensa, a joint venture between Venezuela’s national oil company (NOC) PdVSA and China National Petroleum Corp. (CNPC), has reportedly suspended work at its crude blending plants in the Orinoco region.