Latest Stories
Russian utility Enel books small loss in 3Q19 but analysts maintain buy recommendation
Russia’s independent LNG producer Novatek reports record high profit following LNG-2 stake sale
Turkey’s oil product imports up 12% y/y in August
InterRAO delays commissioning of its final Kaliningrad power plant until the end of 2020
Dangote refinery to launch in 2021
Eskom reform plans do not go far enough
South Africa plans to break up Eskom, but lack of detail about its debt and concerns about future political influence continue to cause worries
Queensland awards new exploration acreage
The Queensland State government has awarded 3,450 square km of new exploration acreage to six companies, with two of parcels ringfenced for the domestic market.
PetroChina sets production targets for Changqing field
A unit of state-run PetroChina aims to produce 25mn tonnes per year (500,000 barrels per day) of oil and 42bn cubic metres of natural gas from the Changqing field by 2020, Reuters cited local media reports from October 28 as saying.
Turkmenistan to extend Petronas’ PSC for Block 1
Malaysian Prime Minister Mahathir Mohamad has said Turkmenistan will extend state-owned Petronas’ production-sharing contract (PSC) for offshore Block 1 in the Caspian Sea by 10 years until 2038.
KrisEnergy to sell stake in Indonesian deepwater PSC
Singapore’s financially troubled KrisEnergy has agreed to sell its 30% stake in the Andaman II production-sharing contract (PSC) in Indonesia’s Malacca Strait to an undisclosed international major.
Moscow’s new African initiatives
Russian companies and African states signed a number of new memoranda last week at the first Russia-Africa Summit in Sochi
BPCL privatisation draws fire
The Indian government’s plan to privatise its 53.29% stake in Bharat Petroleum Corporation Ltd (BPCL) has attracted opposition from both state-level lawmakers as well as company unions.
Angola and Zambia return to pipeline plans
Chinese gas demand to soar in long term
Chinese natural gas demand is projected to slow this year amid a weakening economy and a government decision in 2018 to rein in its campaign to convert coal-fired heating systems to the cleaner burning fuel.
Pemex bonds get a lift from new data on production, debt load
Mexico’s national oil company (NOC) Pemex has seen its bond prices rise this week, following the release of new data showing improvements in its performance.
Kazakhstan doubles installed renewable energy capacity
Aruba gearing up to offer San Nicolas refinery to outside investors
The government of Aruba is moving forward with plans to offer investors the chance to buy the island state’s only oil refinery, located in the coastal town of San Nicolas.
Aramco further extends Cilacap refinery talks
ExxonMobil reportedly seeking buyer for Billings refinery
ExxonMobil is reportedly seeking a buyer for its Billings, Montana refinery, which processes roughly 60,000 barrels per day, though a company spokesman has dismissed the suggestion.
Follow us online