Latest Stories
OPEC+ plans in disarray as meeting is cancelled
DMEA: Pipeline promise in Africa
MEOG: Omani sale and Iraqi exits
Lukoil to take the reins at Area 4
Russia’s Lukoil will acquire a 50% stake in the production-sharing agreement (PSA) covering Area 4, located offshore Campeche State in the southern Gulf of Mexico, from the site’s current operator PetroBAL (Mexico).
LatAmOil: ExxonMobil drills dry hole at Jabillo-1
ExxonMobil (US) has experienced a disappointment at Canje, a deepwater block offshore Guyana, as it did not find commercial quantities of hydrocarbons in the Jabillo-1 well.
AfrOil: Nigeria passes PIB at long last
Both houses of Nigeria’s National Assembly voted on July 1 to pass the Petroleum Industry Bill (PIB), which will serve as the country’s new oil and gas law.
Lukoil plans exit from West Qurna-2
Euroil: Martin Linge finally online
AsianOil: Sacgasco expands into Philippine upstream
Australian junior Sacgasco has expanded its upstream portfolio after acquiring interests in four licences offshore the Philippines from Thai energy conglomerate Bangchak.
GLNG: Crown LNG picks Aker for Indian project
Norway’s Crown LNG has picked compatriot Aker Solutions to serve as main contractor in the development of a liquefied natural gas (LNG) terminal offshore India’s south-eastern state of Andhra Pradesh.
What is green?
Defining green energy and indeed green investments is not an exact science, Determining just how green each of the various energy sources are gets complicated once you start digging into the details.
Turkey hikes natural gas prices
ING: OPEC+ fails to come to a deal
The standoff between the UAE and the rest of OPEC+ continues, with Monday’s meeting cancelled. In theory this means that OPEC+ output will remain unchanged in August, which would be bullish for prices in the short term.
FSUOGM: Gazprom sends record volumes to Europe
Russia’s Gazprom exported record volumes of gas to Europe during the first half of the year, despite recent claims in the press that the company has been withholding supply to jack up prices.
Lithuanian minister downplays reports of potential Hungarian-Polish investment into Kaliningrad NPP
COMMENT: Striking a balance in the global energy transition
As oil prices rise to their highest level in almost three years, OPEC and its partners are discussing a deal to increase production. Abandoning fossil fuels is a hot topic, but like it or not, oil remains the world’s most important commodity.
Follow us online