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At long last, Nigeria passes PIB
Africa’s largest oil producer is on track to adopt a new petroleum law that has been in the works for more than a decade, but it will take time to assess the impact of this development.
Overdue payments may be driving Sonangol’s decision to sell some offshore assets
Angola’s national oil company (NOC) Sonangol has reportedly fallen far behind on its financial obligations to its foreign partners.
Non-fossil fuels comprised a record 21% of US consumption in 2020
US renewable energy consumption increased from 11.4 quads in 2019 to a new high of 11.6 quads in 2020, according to new data from the federal government’s Energy Information Administration.
Big Oil faces more heat in the US on climate
Just days after a senior Exxon lobbyist described efforts to undercut climate action in the US, the heat is being turned up on Big Oil. The US was the largest producer of oil globally in 2020, so the stakes are high.
Aramco resumes tendering for Jafurah EPC work
Pipeline explosion kills three in southern Iran
Poland’s power company ZE PAK confirms mulling involvement in Kaliningrad nuclear power plant project
ENERGO: DTEK and regulator blame one other as power prices on the day-ahead market plummet
DTEK Energy coal mining falls 12% in 5M21
Huge secret bonuses paid to top Naftogaz executives exposed
When Naftogaz CEO Andriy Kobolev was fired in April he pocketed $12.7mn in bonuses as part of his contract, the Kyiv Post reported in an investigation into pay and bonuses at the state-owned gas company on June 6.
Qatar Petroleum takes 25% stakes in three blocks offshore South Africa
Qatar Petroleum has arranged to expand its co-operation with TotalEnergies (France) in South Africa’s offshore zone by participating in the exploration of three additional blocks.
Oil output declining in South Sudan
South Sudan’s government has expressed concern about a decline in oil output levels.
Oman’s OQ considers selling drilling arm
British firm proposes Zimbabwe fuel link
EDO in talks to raise debt finance
OKEA awards Hasselmus contracts
NorthAmOil: EQT aims for net zero by 2025
Pittsburgh-based EQT, an independent natural gas producer and pipeline operator, intends to bring its net carbon emissions down to zero in just four years.
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).
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