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US government authorises LPG shipments to Venezuela
The US government has slightly loosened the sanctions regime that restricts trade in Venezuelan crude oil and petroleum products to permit deliveries of LPG, which is widely used as cooking fuel in the South American country.
Penn Virginia to acquire Lonestar for $370mn
Penn Virginia announced this week that it had agreed to acquire Lonestar Resources US for $370mn in an all-stock transaction in Texas’ Eagle Ford shale play.
Limetree Bay Refining files for bankruptcy
Limetree Bay Refining, the owner of the Limetree Bay refinery near St Croix in the US Virgin Islands, has filed for bankruptcy.
Lasso unveils new oil policy
Guillermo Lasso, the president of Ecuador, has issued a decree with the aim of facilitating private investment in the country’s oil industry.
Chesapeake joins gas certification push
Chesepeake Energy is the latest US natural gas producer to announce that it will certify some of its output as responsibly sourced gas.
Thousands of baby flamingos ‘die at Turkey’s Lake Tuz due to climate change and irrigation methods’
Colombia hopes new law will promote investment in hydrogen, alternative energy
Colombia’s government has signalled that it will promote investment in renewable energy and hydrogen production with the adoption of a new energy transition law.
PetroRio completes tie-back system establishing Polvo-TBMT cluster
PetroRio has become the first independent Brazilian company to establish a private cluster of mature oilfields in the Campos basin by completing work on a tie-back system connecting the Polvo and Tubarão Martelo sites.
Philippine senate hearing seeks clarity on Malampaya sale
The Senate committee on energy has been hearing testimony on Udenna’s acquisition of Shell’s stake in the Malampaya gas field.
India streamlines permit process for legacy blocks
India’s Directorate General of Hydrocarbons has streamlined the upstream permit process for legacy fields by more than halving the number of approvals their developers require.
Woodside looks for Pluto LNG investors
Australian independent Woodside Energy has begun looking for investors to buy into its planned expansion of the Pluto liquefied natural gas (LNG) plant as well as its feedstock field.
China’s first-half crude imports shrink 3%
China’s crude oil imports slumped 3% year on year in the first six months of the year to 260.66mn tonnes (10.55mn barrels per day), according to General Administration of Customs data published on July 13.
SKK Migas highlights production challenges
Indonesia’s upstream regulator revealed this week that the country is on track to miss the government’s production target for this year and that without serious changes the 2030 target is also at risk.
Shell proposes second CCS project for Alberta
Royal Dutch Shell has proposed building a large-scale carbon capture project to capture emissions from its Scotford refinery and chemical plant.
Turkey’s Ford Otosan obtains €650mn syndicated loan led by EBRD for electric vehicle investment
TotalEnergies monetises GLNG’s downstream infrastructure
GIP expanded its presence in Australia’s LNG sector this week after closing a deal with French major TotalEnergies that monetises the latter’s stake in GLNG's downstream assets.
CGX, Frontera prepare to spud Kawa-1 exploration well at Corentyne block
CGX Energy and Frontera Energy are reportedly gearing up to spud the Kawa-1 exploration well at the Corentyne block offshore Guyana.
Argentina sanctions three companies for exploration work offshore Falklands
Argentina’s government revealed last week that it was imposing sanctions on three international oil companies (IOCs) that have been conducting exploration work off the coast of the Falkland Islands.
bneGREEN: Drought causes mass livestock die-offs and irrigation water shortages in Central Asia
Studies detect shifts in precipitation patterns in the Tian Shan mountains that supply region with much of its freshwater.
Biden’s clean energy standard would benefit the US economy, say researchers
A new report from Harvard and Syracuse University researchers and others finds that Biden’s clean energy plan would save 317,500 lives over 30 years and would cost $342bn until 2050 – but it would benefit economy by $637bn.
Apex Clean Energy and Plug Power partner on US’s largest green hydrogen power purchase agreement
Apex Clean Energy and Plug Power have announced a 345-MW wind power purchase agreement for a green hydrogen production facility in the US.
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