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Gazprom Neft increases net profit by 29% in 1H19

Turkey’s Tupras reports 15% y/y decline in Q2 profit

Q2 profit significantly above market average expectation mainly thanks to hefty deferred tax gain recorded by oil refiner.

Canadian pipeline operators add capacity for more crude to reach US refiners

Pipeline operators are finding ways of sending more Canadian oil to US refiners, despite the fact that no major new pipelines are coming online, and any proposals tend to be held up by regulatory delays and litigation.

Shell approves PowerNap tieback in deepwater Gulf

Shell Offshore has made a final investment decision for the PowerNap deepwater project in the US Gulf of Mexico.

Saipem signs up to Arctic LNG 2 joint engineering venture

Italy’s Saipem has agreed to participate in a joint engineering venture to build the Arctic LNG 2 project in Russia alongside France’s Technip and Russia’s NIPIgaspererabotka.

US authorises Gulf LNG exports

The US Department of Energy has approved exports from Kinder Morgan’s Gulf LNG project, which would be located in Jackson County, Mississippi.

Japanese utilities respond to low LNG spot prices

Japanese utilities are becoming more aggressive in their price reviews for long-term LNG contracts and seeking to buy more LNG on the spot market.

Chile’s Codelco sells Mejillones LNG stake

Chile’s state-owned mining firm Codelco has sold its stake in the Mejillones LNG terminal to Ameris Capital AGF, a local investment fund.

US becomes third largest LNG exporter as first wave nears completion

The US is now the world’s third-largest LNG exporter but the US-China trade war still threatens further expansion

Brazil has high hopes for next offshore licensing rounds

Felipe Kury, the head of Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP), believes that his country has a lot riding on the success of its next offshore licensing rounds.

European Commission to probe Poland’s planned merger of Orlen and Lotos oil and fuel companies

Russia's Gazprom could SPO another 3.7% in autumn 2019

Russia's natural gas giant and pipeline exports monopolist Gazprom could SPO an additional 3.7% of its quasi-treasury shares in the next few months to cash in again on a dramatic rally in the company’s share price in July

Kenya completes first berth at Lamu Port

Repsol appoints Peterson as main logistics contractor for drilling offshore Guyana

Peterson, a UK-based provider of energy and logistics services, will serve as Repsol's main logistics contractor during the drilling of the Carapa-1 exploration well.

US court upholds legitimacy of Citgo’s ad hoc board

A US court has issued a ruling upholding Venezuelan Interim President Juan Guaido’s right to appoint an ad hoc board at Citgo, a Houston-based downstream subsidiary of PdVSA.

ADNOC’s busy year continues

Nigeria boosts rural power access

Nigeria has opened a 2.8-MW solar hybrid power project at the Alex Ekwueme Federal University as part of the government’s rural electrification drive

Zimbabwe pays debt to ease power crisis

Zimbabwe plans to resume paying its power debts in a bid to raise imports to 700 MW and to bring the current power crisis to an end.

KNPC to increase storage and fuel capabilities

Indian upstream attracts unexpected interest

Petronas denies reported interest in Indian refinery

ONGC, partners to exit Sudanese blocks

Mexico likely to withdraw money from oil fund to cover budget shortfall

Mexico is reportedly mulling a proposal to use more than 40% of the money in its sovereign wealth fund to compensate for lower budget revenues this year.

Australia mulls gas reserve policy

Argentina’s energy secretary touts economic benefits of new gas pipeline

Argentina’s Energy Secretary Gustavo Lopetegui said last week that the country was set to reap enormous benefits from the construction of a new natural gas pipeline linking the Vaca Muerta shale formation to Buenos Aires.