Latest Stories
ExxonMobil, Chevron reportedly pursue renewable fuels without refinery upgrades
Super-majors ExxonMobil and Chevron are reported to be exploring ways to ramp up their renewable fuels production at their existing refineries, without the need for costly upgrades.
TC Energy, Irving partner on Eastern Canadian decarbonisation
Canadian pipeline operator TC Energy has signed a memorandum of understanding (MoU) with refiner Irving Oil on potential joint development of projects aimed at reducing greenhouse gas (GHG) emissions in Eastern Canada.
Baker Hughes wins subsea contract for Gorgon compression project
Oilfield services provider Baker Hughes announced this week that it had been awarded a contract to supply subsea compression manifold technology for the Jansz-Io Compression (J-IC) project at Chevron’s Gorgon LNG plant in Australia.
Eni to supply carbon-neutral cargo to Taiwan
Italy’s Eni announced this week that it had agreed to supply a carbon-neutral LNG cargo to Taiwan’s CPC.
Ecopetrol’s $3.6bn bet on energy transition
Colombia’s NOC Ecopetrol has acquired a majority stake in ISA, the country’s TSO, and hopes the deal will help it accelerate the pace of expansion into renewable energy
China is about to disrupt the nuclear power industry worldwide
China is poised to create and own a new market for cheap safe nuclear power
Kenney dismisses idea of abandoning oil
Alberta Premier Jason Kenney has said it would be impossible for countries such as Canada to abandon fossil fuels.
ExxonMobil seeks green light for 12-well drilling programme at Canje block
Guyana’s Environmental Protection Agency (EPA) said at the weekend that ExxonMobil had requested permission to launch a 12-well drilling programme at the offshore Canje block.
Guyana green-lights plan for more oversight of land acquisition for oil projects
Guyana’s National Assembly voted on August 9 to approve a new bill that aims to ensure appropriate government oversight of operations involving the acquisition of privately-owned land for major hydrocarbon projects.
NGC, NEC join BP and Shell in green ammonia/hydrogen project
National Gas Co. of Trinidad and Tobago Ltd (NGC) and its subsidiary National Energy Corp. of Trinidad and Tobago Ltd (NEC) are drawing up plans for green ammonia production.
Istanbul listed refiner Tupras swings to profit in Q2
China’s crude imports edge up in July
China’s crude oil import volumes edged up in July from a month earlier, but remained significantly behind the heady pace that was set in 2020 when buyers moved to capitalise on bargain basement prices.
CNOOC tests deepwater blowout equipment
State-owned China National Offshore Oil Corp. (CNOOC) has announced the country’s first successful test of subsea capping stacks in the deep waters of the South China Sea.
Philippine senator changes tack over Malampaya
Philippine Senator Sherwin T Gatchalian appears to have shifted strategies in his crusade against local conglomerate Udenna’s acquisition of Royal Dutch Shell’s stake in the deepwater Malampaya natural gas field.
Peru’s new PM says state should play a role in gas industry
Guido Bellino, the new prime minister of Peru, has confirmed that President Pedro Castillo intends to expand the government’s involvement in the natural gas sector.
BBVA calls on Pemex to increase upstream investment
Pemex must increase investment in exploration and development projects in order to reach production targets between 2022 and 2024, according to BBVA, Mexico’s largest financial institution.
SKK Migas unveils Rokan production roadmap
Indonesia’s upstream regulator SKK Migas has unveiled an ambitious production roadmap for the Rokan block now that state-owned Pertamina has assumed its operatorship.
Talos says it will not give up on Zama project
US-based Talos Energy has said it will not abandon plans to develop the Zama oilfield, despite the Mexican government’s recent decision to give the national oil company (NOC) Pemex control of the project.
West Africa’s MyJouleBox raises $2mn to fund expansion
MyJouleBox, a West African solar operator, has raised $2mn to strengthen its position in Benin and accelerate its expansion into Burkina Faso, Senegal and Togo.
Origin spuds NT shale well amid mounting opposition
Australian developer Origin’s announcement this week that it had begun drilling a well in the shale oil and gas rich Beetaloo Sub-basin came amid mounting opposition to unconventional development in the region.
India’s tax overhaul should boost upstream confidence
The country has finally scrapped a controversial retroactive taxation system that has led to several high-profile disputes.
Follow us online