Latest Stories

Turkey “barely trying” to cut carbon emissions says National Geographic

25 September 2019

“Climate change report card” notes, for instance, that country is pushing ahead with huge expansion of coal-fired plants. Meanwhile, largest lake in the Mediterranean region, Beysehir, seen as on course to dry out by 2040s.

Mitsui moves to sell BassGas stake

25 September 2019

Japanese developer Mitsui & Co. has said it is looking to sell its 40% stake in the BassGas project off the coast of Australia’s south-eastern state of Victoria.

KOGAS agrees to buy US LNG from BP

25 September 2019

State-owned Korea Gas has struck a deal to buy 1.58mn tonnes per year of US LNG from super-major BP.

Trader rejects Mitsubishi’s account of losses

25 September 2019

A trader that worked at Mitsubishi’s Singaporean arm until last week has disputed the Japanese company’s version of events surrounding a $320mn loss on crude oil derivatives trades.

China updates oil reserve figures

25 September 2019

China’s National Energy Administration (NEA) has given its first official update on the country’s strategic oil inventories in almost two years.

Pakistan unveils new LNG projects

25 September 2019

Pakistan has taken a major step forward in tackling its chronic natural gas shortages, having shortlisted companies to build five liquefied natural gas (LNG) terminals in the country, either individually or in a consortium.

CNH gives Eni-led group green light for drilling Ehecatl-1 well

25 September 2019

CNH has reportedly given Eni (Italy) and its partners Cairn Energy (UK) and Citla (Mexico) permission to move forward with the drilling of an exploration well at Mexico's offshore Block 7.

Petronas posts 9% gain in H1 profit

25 September 2019

Malaysia’s state-owned Petronas has posted a first-half net profit of MYR28.9bn ($6.92bn), up 9% on the same period of 2018.

GlobalData sees more IOCs entering Brazil’s Pre-Salt fields as operators

25 September 2019

Brazil is likely to start seeing a wider range of companies serving as operators of upstream oil and gas projects in the short term, according to GlobalData.

Senegal looking more attractive after latest offshore discovery

24 September 2019

Senegal's upcoming offshore bidding round is likely to draw more interest in the wake of BP's discovery of sizeable gas reserves at the Yakaar-Terenga field.