Latest Stories

Colombia gives Ecopetrol exclusive right to negotiate for ISA stake

11 February 2021

Colombia’s government has pledged to begin negotiations with Ecopetrol, the national oil company (NOC), on the sale of a majority stake in Interconexion Electrica SA (ISA), the country’s electricity transmission system operator (TSO).

ExxonMobil says gas leak was discovered when Liza-1 production was above peak levels

11 February 2021

ExxonMobil has revealed that production rates at the Liza-1 oilfield were running about 8.33% above the anticipated peak of 120,000 barrels per day (bpd) when equipment problems forced it to resume gas flaring.

Guyana’s VP says work on gas pipeline studies will begin this year

11 February 2021

Bharrat Jagdeo, Vice-President of Guyana, said earlier this week that the government intended to carry out several studies this year in order to move forward with a gas-to-power (GTP) scheme.

Petroperú hopes $1bn bond issue will help raise funds for refinery upgrade

11 February 2021

Petroperú, the national oil and gas operator of Peru, launched a bond issue worth $1bn last week in a bid to raise funds for the modernisation of the Talara oil refinery.

OCP plans new bypass pipeline following landslide

11 February 2021

Heavy Crude Pipeline (OCP), the operator of a private oil pipeline system in Ecuador, is set to build a new bypass to prevent stoppages due to storms and natural disasters.

YPF secures more support for exchange of bonds due to mature in March

11 February 2021

Argentina’s national oil company (NOC) YPF has reportedly secured approval for a proposed securities swap from creditors holding more than half the bonds that are due to mature next month.

Pemex to close Tsimín oilfield in 2026

11 February 2021

Mexico’s national oil company (NOC) Pemex has submitted a revised plan for the eventual closure of Tsimín, an oilfield located in a shallow-water section of the Gulf of Mexico offshore Campeche State, to the National Hydrocarbons Commission (CNH).

Court stalls ConocoPhillips’ winter work on Willow

11 February 2021

A court has temporarily delayed the start of winter construction at ConocoPhillips’ Willow project in Alaska.

South Korea signs 8.2-GW offshore wind deal

11 February 2021

A number of South Korean companies led by KEPCO, Doosan Heavy Industries & Construction and SK E&S have signed a $43bn deal to build what the South Korean government has said will be the world's biggest offshore wind power complex.

Pakistan tries to reschedule Belt and Road debt repayments

11 February 2021

Pakistan is to ask China to reschedule loan repayments for power projects financed by Beijing over the past eight years.

Delaying India’s emission deadline could hold back pollution fight

11 February 2021

The Indian Power Ministry’s efforts to extend the proposed deadline to meet emission norms for coal-based thermal power plants could hinder efforts to fight air pollution.

India’s quest to meet rising energy demand

11 February 2021

India is set to see the largest increase in energy demand of any country over next 20 years, a new IEA report says, highlighting potential for policies and investment to accelerate clean energy transition.

Vestas launches V236-15.0 MW turbine

11 February 2021

Vestas has launched the V236-15.0 MW, its largest ever turbine at 15 MW, using design synergies from existing turbine platforms, such as the 9-MW and EnVentus platforms.

Manhattan’s iconic Empire State Building now powered 100% by wind

10 February 2021

New York City’s iconic Empire State Building – and several related office buildings – is now powered solely by wind energy. The owner expects $800,000 in savings in the first year alone.