Latest Stories

Guyana’s president outlines plans to establish Petroleum Commission by year-end

17 August 2021

Irfaan Ali, the president of Guyana, said last week that his administration intended to establish a new government agency to oversee the country’s fledgling oil industry before the end of the year.

Gazprom Neft completes Russia’s first LNG bunkering vessel

17 August 2021

Russia’s state-run Gazprom Neft has completed construction of the country’s first liquefied natural gas (LNG) bunkering vessel, the company said on August 12.

Eni brings Cuica oilfield on line

17 August 2021

Italy’s Eni confirmed last week that it had commenced development operations at Cuica, a newly discovered field within the Cabaça development area of Block 15/06 offshore Angola.

EurOil: UK unveils hydrogen strategy

17 August 2021

The UK government unveiled its hydrogen strategy this week following recent delays. The strategy commits the country to developing 5 GW of low-carbon hydrogen capacity by 2030.

NorthAmOil: US oil industry groups file lawsuit against Biden

17 August 2021

US oil industry groups have filed a lawsuit against the administration of US President Joe Biden for halting oil and gas lease sales on federal land and in federal waters.

Gambia says Block A1 is available again following BP’s withdrawal

17 August 2021

Gambia’s Ministry of Petroleum and Energy says that Block A1, an offshore licence area in the Mauritania-Senegal-Gambia-Guinea-Bissau-Conakry (MSGBC) basin, is once again available for investment.

AfrOil: Buhari signs PIB into law

17 August 2021

Nigerian President Muhammadu Buhari has signed the Petroleum Industry Bill (PIB), which establishes a new legal regime for the country’s oil and gas industry, into law.

Rwanda says motor fuel price subsidies will remain in place until end-September

17 August 2021

The government of Rwanda has decided to maintain motor fuel prices at current levels until the end of September.

Buhari signs PIB into law

17 August 2021

Nigerian President Muhammadu Buhari has signed the Petroleum Industry Bill (PIB), a piece of legislation that establishes a new legal regime for the country’s oil and gas industry, into law.

LatAmOil: Guyana to establish Petroleum Commission by year-end

17 August 2021

Irfaan Ali, the president of Guyana, said last week that his administration intended to establish a new government agency to oversee the country’s fledgling oil industry before the end of the year.

FSU: Rosneft posts 55% jump in second-quarter profits

17 August 2021

Russia’s state-run Rosneft has posted a 55% quarter-on-quarter jump in its April-June net profit, with the company attributing the rebound to stronger international oil prices.

GLNG: Australian LNG exports to China hit record

17 August 2021

Australian LNG exports to China have risen to record highs despite ongoing trade tensions between the two countries.

As Taliban regime takes shape, Central Asia and Iran assess fate of Afghanistan investments

16 August 2021

The future of plans for a gas pipeline, trade links to South Asian ports, power transmission lines and railways will remain up in the air until the direction of the new Afghan regime is clear.

REM: Mainstream inaugurates 145MW solar project in Chile

16 August 2021

Mainstream Renewable Power has officially inaugurated its 145MW Rio Escondido solar farm in Chile.