Latest Stories

OVL seeks extension to block offshore Vietnam

3 September 2019

India’s state-run ONGC Videsh Ltd (OVL) has reportedly sought a two-year extension to a block offshore Vietnam, which lies partly in waters claimed by China.

Russia's Rosneft oil major claims Druzhba crisis still unresolved

3 September 2019

Russian oil major Rosneft claims that state oil pipeline operator Transneft has failed to resolve all the issues with chlorine contaminated oil, Reuters reported on September 3 citing the announcement of Russia's largest crude oil producer.

OGNC plans OALP development spending

3 September 2019

India’s state-owned Oil and Natural Gas Corp. (ONGC) has reportedly drawn up a four-year, $400mn development plan for blocks won in the country’s first three Open Acreage Licence Programme (OALP) bid rounds.

Vietnam aims for 2,000 MW of rooftop solar

3 September 2019

Vietnam is forecast to have 2,000 MW of rooftop solar capacity by the end of 2020

New warnings come over Permian challenges

3 September 2019

A new study has said the Permian Basin will struggle with a number of issues in the near future, including the glut of associated natural gas production.

Texas storage operator plans IMO-compliant processing facility

3 September 2019

Texas International Terminals has confirmed plans for a crude processing facility that will be compatible with International Maritime Organization low-sulphur requirements.

Plains drops plan for Cactus II surcharge

3 September 2019

Plains All American Pipeline has dropped a proposal to impose a surcharge of $0.05 per barrel for shipments of crude on its Cactus II pipeline after the plan led to a backlash from producers.

Motor fuel prices drop slightly in Zimbabwe

3 September 2019

Zimbabwe’s government has slightly reduced its ceiling for motor fuel prices, marking the first weekly decline since January 13.

BP exiting Alaska with sale to Hilcorp

3 September 2019

Super-major BP has struck a deal to sell the whole of its Alaska business to privately owned Hilcorp Energy for $5.6bn.

Bangladesh seals power deal with Reliance Power, JERA

3 September 2019

Bangladesh is to buy 718 MW over 22 years from 2022 from a privately owned gas-fired power plant to be built by India's Reliance Power and Japan’s JERA.

Springfield Energy to use Stena Forth for Ghana’s first deepwater drilling deal

3 September 2019

Springfield Energy has arranged to use a drillship owned by Stena Drilling for the first deepwater drilling campaign in Ghana’s offshore zone.

Canadian regulator undergoes overhaul

3 September 2019

Canada has overhauled and renamed its energy regulator under a new bill that is not popular with supporters of the oil industry.

Sudan: What’s at stake

3 September 2019

This essay will take a brief look at what’s at stake – at the oil and gas infrastructure that Sudan still has, even after the loss of its most hydrocarbon-rich territories.

Canadian regulator seeks comments on Enbridge’s Mainline proposal

3 September 2019

In an early test, the newly renamed Canadian Energy Regulator has asked for comments on a change proposed by pipeline operator Enbridge to contracts on its Mainline system.

KPMG says Moldovan investor falsified financial statements to claim $500mn from Kazakhstan

3 September 2019

Auditor’s decision to withdraw three years of reports is likely to change the outcome of the $500mn international legal battle between businessman Anatol Stati and the Kazakh state.

NNPC head sees Nigerian oil output rising to 2.5mn bpd next year

2 September 2019

The new head of Nigeria’s national oil company (NOC) has expressed optimism about his country’s ability to increase oil production in the short term.