Latest Stories

SAOGA chief raises questions about the future role of gas, LNG in IRP

29 October 2019

The head of the South African Oil and Gas Alliance (SAOGA) has raised questions about the role that natural gas will play in the implementation of the government’s new Integrated Resource Plan (IRP).

Latest Russia-Ukraine gas talks fail to yield breakthrough

29 October 2019

Officials from Russia, Ukraine and the EU met again on October 28in Brussels to discuss terms for the transit of Russian gas via Ukraine next year, with still no breakthrough in negotiations in sight.

Serbia to invest €1bn to meet EU’s environmental protection standards

28 October 2019

Serbia's ultimate goal is to make all its energy facilities compliant with EU environmental standards, as it aims to join the bloc by 2025.

Eni, Nigerian partners begin gas production at Obiafu 41

28 October 2019

A joint venture led by Italy’s Eni has begun extracting natural gas and condensate from Obiafu 41, a new site in the Niger River Delta.

Gas production set to rise soon at Libya’s Faregh field

28 October 2019

Waha Oil Co. (WOC), a subsidiary of Libya’s National Oil Co. (NOC), has begun test operations for the second phase of development at Faregh, a natural gas and condensate field.

NOC officials say Libya needs reform to boost oil production

28 October 2019

Representatives of Libya’s National Oil Co. (NOC) said at an industry forum in Tunis last week that the country was capable of increasing crude oil production levels significantly – but that it would have to work hard to achieve this goal.

Shares of Russian oil dinosaur Surgut soar in mystery rally

28 October 2019

The shares of Russian fourth largest oil producer Surgutneftegaz (Surgut) leaped by a third (31%) in value between October 23 and October 25 and setting a new all time high price record of RUB48 ($0.75), with no apparent catalysts or news flow.