Latest Stories

At long last, Nigeria passes PIB

7 July 2021

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

7 July 2021

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

7 July 2021

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

7 July 2021

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.

Huge secret bonuses paid to top Naftogaz executives exposed

7 July 2021

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

7 July 2021

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

6 July 2021

South Sudan’s government has expressed concern about a decline in oil output levels.

NorthAmOil: EQT aims for net zero by 2025

6 July 2021

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.

Lukoil to take the reins at Area 4

6 July 2021

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).