Latest Stories

ONGC reportedly seeks Tapti exploration licence

26 February 2020

India’s state-run Oil and Natural Gas Corp. (ONGC) has reportedly applied for a 10-year exploration licence to the depleted Tapti natural gas field.

JinkoSolar leads global solar PV module market

26 February 2020

China’s JinkoSolar Holding led the global solar PV module market in 2019, shipping 14.2 GW of solar PV modules, way ahead of second-placed JA Solar with 10.3 GW.

Suzlon lenders' major debt restructuring

26 February 2020

India’s Suzlon has announced a major restructuring loan led by the State Bank of India (SBI) in a bid to stave off bankruptcy as it struggles under $1.8bn of debt.

Oracle Power farms in Chinese for Pakistani project

26 February 2020

Oracle Power has brought in China National Coal Group and Dubai’s Sheikh Ahmed Dalmook Al Maktoum Private Office to develop a 1,320-MW coal-to-power project in Pakistan’s Thar Block VI

NOCAL optimistic about Liberia’s upcoming licensing round

26 February 2020

National Oil Company of Liberia (NOCAL) has high hopes of finding commercial reserves of crude oil in the blocks that will be offered to foreign investors later this year, according to a high-ranking company representative.

Africa Energy finalises farm-out deals for Block 2B with AziNam, Panoro

26 February 2020

Canada’s Africa Energy said on February 25 that it had brought two new companies on board for the exploration of Block 2B, which lies offshore South Africa.

Angolan service company begins building new drilling platform for Takula field

25 February 2020

Algoa, an Angolan oilfield services provider, has begun building the first of three new drilling platforms for installation at Takula, an offshore oilfield within the Block 0 licence area operated by the US major Chevron.

Russia's leading petrochemical plant Sibur saw revenues down in 2019, but profits up and plans on track for long term growth

25 February 2020

Russia’s leading petrochemical producer won’t hold its highly anticipated IPO this year, or even next year, but despite tough market conditions this year the outlook for the company remains bright

Fuel shortages persist in north-eastern and south-western Sudan

25 February 2020

Shortages of motor fuel seem to have eased in Khartoum and surrounding areas, but supplies remain scarce in the north-eastern and south-western regions of Sudan.

Tullow Oil remains optimistic about Kenyan project

25 February 2020

Tullow Oil’s Kenyan division remains optimistic about plans for development of three licence areas in the South Lokichar Basin.

Head of Libya’s NOC says US intervention could mitigate harm to oil sector

25 February 2020

The head of Libya’s National Oil Corp. (NOC) said last week that he hoped the US government would intervene to help end the conflict between rival factions fighting for control of Tripoli.

ADM Energy to raise stake in Nigeria’s OML 113

25 February 2020

UK-based ADM Energy has arranged to increase its holdings in OML 113, a block located offshore Nigeria that includes the Aje oilfield.

COPL to borrow from CEO to fund work at Nigeria’s OPL 226

25 February 2020

The head of Canadian Overseas Petroleum Ltd (COPL) has agreed to help fund the company’s operations in Nigeria.