Latest Stories

AfDB abandons coal in Africa

13 November 2019

The AfDB will not fund Kenya's Lamu coal project, but Beijing is unlikely to walk away from coal as a key tool of its investment strategy in Africa

JXTG unlikely to invest in Aramco IPO

13 November 2019

Japan’s largest refiner has cast some serious doubt over whether Saudi Aramco’s long-awaited initial public offering (IPO) will able to attract Japanese investment.

Uganda tests tertiary recovery methods for Lake Albert oilfields

13 November 2019

The Petroleum Authority of Uganda (PAU) has launched a pilot programme that involves using tertiary recovery methods to increase yields at crude oil deposits.

Comet seeks environmental approval for Queensland block

13 November 2019

Australia junior Comet Ridge has begun work to secure environmental authority (EA) for a coal-bed methane block in Queensland, the company said on November 12.

Strike claims one of Australia’s largest onshore gas finds

13 November 2019

Australian independent Strike Energy has said its block in the Perth Basin could hold one of the country’s largest ever conventional onshore gas discoveries.

Permian flaring reaches new high

13 November 2019

The flaring and venting of natural gas has reached a new all-time high in the Permian Basin, where it is a by-product of drilling for oil.

PTT’s Q3 profit shrinks 33%

13 November 2019

Thailand’s state-owned PTT saw its third-quarter net profit decline by 33% year on year to THB20.25bn ($669.7mn) on the back of weaker downstream and international trading performances.

Occidental reportedly seeking to sell Anadarko’s Wyoming, Colorado assets

13 November 2019

Occidental Petroleum is reportedly soliciting bids for oil and gas assets in Wyoming and Colorado that it acquired through its takeover of Anadarko Petroleum.

Indonesia extends Corridor PSC by 20 years

13 November 2019

The Indonesian government has extended the production-sharing contract (PSC) for the Corridor Block in South Sumatra Province by 20 years until 2043.

IOC makes first IMO-compliant bunker sale

13 November 2019

State-run Indian Oil Corp. (IOC) has completed the country’s first bunker sales of very low-sulphur fuel oil (VLSFO) ahead of the introduction of new international maritime fuel standards.

India extends Cairn’s PSC for Ravva block

13 November 2019

The Indian government has extended Cairn Oil & Gas’ production-sharing contract (PSC) for the Ravva block in Andhra Pradesh State by 10 years until 2029, the company said on November 6.

Eagle Ford infrastructure beefed up as Equinor exits

13 November 2019

Harvest Midstream has started construction on the Ingleside pipeline and the Harvest Midway terminal to serve customers in the Eagle Ford shale, while Norway's Equinor has announced its exit from the play.

Alberta’s Houston Oil & Gas ceases operations

13 November 2019

Calgary-based Houston Oil & Gas has gone into receivership, becoming the latest Canadian oil company to fall victim to unfavourable operating conditions caused by low oil and gas prices.

Repsol looks to Canadian oil

13 November 2019

Spain’s Repsol is reportedly looking at Canadian heavy crude as a source of feedstock for its European refineries.

Equatorial Guinea approves plan to have Saipem build offshore gas line

13 November 2019

Equatorial Guinea has approved the award of a contract to Saipem for the construction of a pipeline that will connect Noble Energy's offshore gas field to the petrochemical complex that is being built at Punto Europa.

Suncor, Microsoft partner in first for oil sands

13 November 2019

Suncor Energy has partnered with Microsoft in a deal focused on digital transformation that has been described as a first for the oil sands industry.

Total seen gearing up to sell 12.5% stake in OML 118

13 November 2019

France’s Total is reportedly looking to unload its minority stake in OML 118, a deepwater field located offshore Nigeria.