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Eco Atlantic ally optimistic about prospects for additional oil finds offshore Guyana
Kinley Exploration, a US-based company with close ties to Canada’s Eco Atlantic Oil & Gas, has expressed optimism about the prospects for further oil discoveries offshore Guyana.
Bahamian NOC seen preparing for exploration drilling in 2020
The national oil company of the Bahamas has reportedly made arrangements to launch an offshore exploration drilling programme next year.
Iran frees seven members of seized Stena Impero tanker
Fuels in focus in East Africa
Phoenix says talks with CNOOC on LNG JV ongoing
The Philippines’ Phoenix Petroleum, which is headed by businessman Dennis Uy, has denied reports that China National Offshore Oil Corp. may pull back from the two companies’ planned LNG joint venture.
PNG finally backs Papua LNG deal
The Papua New Guinea (PNG) government has said it will honour the terms of the Papua LNG gas agreement, after months of mixed messaging that had left the project’s future in doubt.
China calls for greater domestic gas production
The Chinese government has released a new report calling for a ramp-up in natural gas production in order to boost national energy security.
ConocoPhillips signs new PSC for East Timor gas field
US super-major ConocoPhillips has signed a new production-sharing contract (PSC) for East Timor’s Bayu Undan natural gas field.
Uzbek government to compensate third of costs of citizens' purchasing of solar panels
PTT seeks Middle Eastern partners
Thailand’s state-run PTT is in talks with Middle Eastern oil and gas producers to help meet the Southeast Asian country’s growing energy demand, company CEO Chansin Treenuchagron has said.
JGC wins EPC contract for Philippine LNG project
Philippine power utility First Gen has awarded an engineering, procurement and construction (EPC) contract for the Batangas liquefied natural gas (LNG) project to Japanese engineering outfit JGC.
PetroChina profits climb on stronger sales
State-run PetroChina has recorded a 3.6% year-on-year increase in its first-half net profit to CNY28.42bn ($3.96bn) on the back of stronger oil and gas sales.
India mulls loan for northeastern pipeline project
The Indian government is reportedly considering an INR54bn ($748mn) loan to fund a new natural gas pipeline that will connect several major cities in the country’s north-east.
OVL seeks extension to block offshore Vietnam
India’s state-run ONGC Videsh Ltd (OVL) has reportedly sought a two-year extension to a block offshore Vietnam, which lies partly in waters claimed by China.
Russia eyes role in hydrogen revolution
Russia's Rosneft oil major claims Druzhba crisis still unresolved
Russian oil major Rosneft claims that state oil pipeline operator Transneft has failed to resolve all the issues with chlorine contaminated oil, Reuters reported on September 3 citing the announcement of Russia's largest crude oil producer.
OGNC plans OALP development spending
India’s state-owned Oil and Natural Gas Corp. (ONGC) has reportedly drawn up a four-year, $400mn development plan for blocks won in the country’s first three Open Acreage Licence Programme (OALP) bid rounds.
Vietnam aims for 2,000 MW of rooftop solar
Vietnam is forecast to have 2,000 MW of rooftop solar capacity by the end of 2020
Poland transfers US LNG to Ukraine
New warnings come over Permian challenges
A new study has said the Permian Basin will struggle with a number of issues in the near future, including the glut of associated natural gas production.
Texas storage operator plans IMO-compliant processing facility
Texas International Terminals has confirmed plans for a crude processing facility that will be compatible with International Maritime Organization low-sulphur requirements.
Plains drops plan for Cactus II surcharge
Plains All American Pipeline has dropped a proposal to impose a surcharge of $0.05 per barrel for shipments of crude on its Cactus II pipeline after the plan led to a backlash from producers.
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