Latest Stories
Delek sheds Israeli fuel arm for $205mn
G3E’s receivers turn off the gas at Chinese block
Privately owned G3 Exploration (G3E) has revealed that its receivers have suspended production from assets in the Shizhuang South (GSS) coal-bed methane (CBM) block.
KrisEnergy reviews Thai operations after oil price collapse
Singaporean independent KrisEnergy has warned that the steep fall in oil prices during the first four months of this year would weigh on revenue from its Thai and Bangladeshi operations.
Eskom admits to emissions problems at Kendal power plant
Eskom has acknowledged that it committed a number of environmental breaches at its coal-fired Kendal power station, with emissions levels breaking agreed limits.
Power consumption falls in Egypt
Power consumption in Egypt has fallen by between 5% and 7% across a range of industry sectors
Georgia’s power consumption has been hit by the coronavirus but stays on course for growth
Woodside wins Australia’s first ship-to-ship LNG bunkering licences
The Pilbara Port Authority (PPA) has issued Australia’s first ship-to-ship liquefied natural gas (LNG) bunkering licences to Woodside Petroleum.
PTTEP slashes spending as profits tumble
Thailand’s state-owned PTT Exploration and Production (PTTEP) has unveiled plans to slash capital expenditure this year after the oil price collapse sent the company’s quarterly profit tumbling.
OGDC suspends shale gas drilling
Pakistan’s state-owned Oil and Gas Development Co. (OGDC) has reportedly suspended work on its first shale gas well.
Pakistani fuel shortages loom
Pakistan could run out of oil products within the next few weeks owing to government agencies’ inability to work together to resolve a supply shortfall, local daily The News reported on May 5.
Queensland reopens exploration bid round
The Australian state of Queensland has announced plans to restart its 2020 exploration tender, which was suspended as the country ramped up its response to the coronavirus (COVID-19) pandemic.
Indian oil and gas demand plummets 70%
Indian Minister of Petroleum and Natural Gas Dharmendra Pradhan said this week that the country’s energy demand had fallen by 70% since the nationwide lockdown began on March 24.
Wintershall strikes oil at two fields within Block 29
Germany’s Wintershall Dea reported earlier this week that crude oil had been found at two Repsol-operated fields within Block 29, an offshore licence area in the Salina section of the Sureste Basin.
US government investigates Mexico’s oil-for-food deal with Venezuela
US officials are investigating reports that at least two Mexican companies have been involved in the implementation of an oil-for-food deal signed between the governments of Mexico and Venezuela in 2019.
JOG eyes partner despite price collapse
Texas regulator rejects output cut proposal
The Railroad Commission of Texas, the state’s oil and gas regulator, has rejected a proposal to impose mandatory cuts to crude production.
Desperately seeking storage
The North American oil industry is scrambling to find spare crude storage capacity as inventories continue to rise, and various companies in both the US and Canada are now trying to offer temporary storage solutions.
FID delayed at Platypus gas field
Freeport LNG Train 3 enters service
The third train at the Freeport LNG export terminal on the Texas Gulf Coast has entered commercial service.
More pain, little gain for super-majors
ExxonMobil has reported its first quarterly loss in 32 years, while Chevron has announced a further cut to its 2020 capex budget.
Shell strikes deal to exit Appalachian Basin
Royal Dutch Shell announced this week that it has agreed to sell its Appalachian Basin shale gas assets in Pennsylvania, in a deal that will mark its exit from the region.
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