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Asian power sector waits nervously for fallout from Saudi drone strikes

Any effects from the drone strikes on the Abqaiq petroleum processing plant and the Khurais oilfield in Saudi Arabia are unlikely to be felt quickly downstream in the power sector in Asia.

New hope for African light sweet crude?

African light sweet crude production could serve as an alternative to Arab Light and Arab Extra Light – but only if Saudi production outages are not reversed quickly.

South Africa gives Eni, Sasol green light for exploration drilling at Block ER236

Italy’s Eni and its South African partner Sasol have gained permission to conduct exploration drilling within Block ER236, an offshore licence area in the Indian Ocean.

New Age M12 Holdings finalises sale of 25% stake in Marine XII to Lukoil

New Age M12 Holdings has wrapped up the sale of its 25% stake in Marine XII, a shallow-water block located offshore Republic of Congo, to Lukoil, Russia’s largest privately owned oil operator.

Nigeria LNG names international consortium as winner of EPC contract for Train 7

Nigeria LNG has taken a step toward making a final investment decision (FID) on plans for the construction of a seventh production train at the Bonny Island gas liquefaction plant.

Nigerian analyst comments on US shale boom’s consequences for Africa

US operators may be benefitting from the shale oil boom, but their gains have come at the expense of African producers, according to a Nigerian analyst.

Australia's Oilex prepares for UK foray

Draft law awards South Africa’s government a 10% stake in new projects

South Africa’s Department of Mineral Resources and Energy hopes to revive a proposal to award an equity stake in every new oil and gas project to the government at no cost.

Iran and Pakistan sign revised gas pipeline deal

NEWSBASE: Market reels as Aramco facilities come under fire

A major attack on Saudi oil facilities has cut production by 5.7mn bpd, but the full effect will not be felt until existing reserves dry up.

Chevron offers to resume PNZ production

China calls for calm after attacks on Saudi oil production

Asia’s oil importers have been left nervously watching the US beat the war drum in response to attacks over the weekend that knocked out 5.7mn barrels per day of Saudi Arabian crude oil production.

Trump considers SPR release amid fallout from Saudi attack

The US is considering releasing crude from its Strategic Petroleum Reserve after an attack on oilfield facilities in Saudi Arabia took half the kingdom’s production offline.

Czech transmission operator posts CZK2.3bn of profit

Trump stops short of pinning definitive blame on Iran for Saudi oil attacks

Critics may see his cautious approach as evidence of a vulnerability: an aversion to getting dragged into an unpopular Middle East war in the run-up to the 2020 US election.

Karachaganak starts one-month maintenance run

Gazprom Neft eyes Iraqi gas project

Russian government could help Sberbank out with Antipinsky refinery

BP reveals contracts for new ACG platform

Russian stoligarchs get a boost from Saudi oil attacks

Drone attacks target vital Aramco facilities

Energy-import dependent Turkey sees lira come under pressure after drone attacks on Saudi oil facilities

Turkish company to construct Belarus largest wind park

NEWSBASE: The attacks on Saudi oil infrastructure are the oil industry's 9/11

The attacks on Saudi oil infrastructure could turn out to be the oil industry’s 9/11. Reacting to the news, JP Morgan said: “Clearly oil assets have been massively mispriced. The assumption that production facilities are secure is wrong."

Drone attacks on Saudi oil facilities not set to impact oil flows to Europe in big way

Europe takes little oil from Middle East. It is heavily dependent on Russia for crude deliveries and can turn to Moscow to fill any gaps. The effect on the oil price, however, is a different matter.