Latest Stories

Russia's Gazprom could SPO another 3.7% in autumn 2019

8 August 2019

Russia's natural gas giant and pipeline exports monopolist Gazprom could SPO an additional 3.7% of its quasi-treasury shares in the next few months to cash in again on a dramatic rally in the company’s share price in July

Repsol appoints Peterson as main logistics contractor for drilling offshore Guyana

7 August 2019

Peterson, a UK-based provider of energy and logistics services, will serve as Repsol's main logistics contractor during the drilling of the Carapa-1 exploration well.

US court upholds legitimacy of Citgo’s ad hoc board

7 August 2019

A US court has issued a ruling upholding Venezuelan Interim President Juan Guaido’s right to appoint an ad hoc board at Citgo, a Houston-based downstream subsidiary of PdVSA.

Nigeria boosts rural power access

7 August 2019

Nigeria has opened a 2.8-MW solar hybrid power project at the Alex Ekwueme Federal University as part of the government’s rural electrification drive

Zimbabwe pays debt to ease power crisis

7 August 2019

Zimbabwe plans to resume paying its power debts in a bid to raise imports to 700 MW and to bring the current power crisis to an end.

Mexico likely to withdraw money from oil fund to cover budget shortfall

7 August 2019

Mexico is reportedly mulling a proposal to use more than 40% of the money in its sovereign wealth fund to compensate for lower budget revenues this year.

Argentina’s energy secretary touts economic benefits of new gas pipeline

7 August 2019

Argentina’s Energy Secretary Gustavo Lopetegui said last week that the country was set to reap enormous benefits from the construction of a new natural gas pipeline linking the Vaca Muerta shale formation to Buenos Aires.

PNG backs Papua LNG agreement

6 August 2019

Papua New Guinea (PNG) Petroleum Minister Kerenga Kua has said the government will stand behind the natural gas agreement it signed in April, paving the way for the development of the Papua LNG project.