Latest Stories

Total completes acquisition of Anadarko’s Mozambique LNG stake

3 October 2019

France’s Total has completed its $3.9bn acquisition of Anadarko Petroleum’s 26.5% operated interest in the Mozambique LNG project.

Upcoming Brazilian auctions draw interest from 14 IOCs

3 October 2019

Brazil’s government has revealed that more than a dozen international oil companies have registered to participate in an upcoming licensing round covering four sizeable confirmed offshore fields.

Ecuador to drop out of OPEC as of January 1

3 October 2019

Ecuador has made the decision to withdraw from OPEC at the start of next year.

Hungary fills up gas storage facilities to full capacity

3 October 2019

Foreign Minister Peter Szijjarto says move guarantees domestic supply security and allows Hungary to store gas for other countries, after Gazprom agrees to top up Hungary's gas reserves.

IRAN STAND-OFF: Day brings tentative step towards peaceful Gulf outcome

2 October 2019

Tehran backs French plan for talks with US as broadly acceptable. Saudi energy minister described as “friend” by Iranian counterpart. Putin refuses to blame Islamic Republic for oil attacks. Riyadh says it wants regional “security and stability”.

Japan pledges $10bn for global LNG projects

2 October 2019

The Japanese government has pledged $10bn of both public and private funding for liquefied natural gas (LNG) projects around the world.

Santos, BP win permit offshore WA

2 October 2019

Santos and BP have been awarded a new permit offshore Western Australia that the Australian independent has described as being “on-trend with the Dorado discovery” in the adjacent permit.

PetroChina adds oil, shale gas reserves

2 October 2019

State-run PetroChina has added more than 1bn tonnes (7.33bn barrels) of oil reserves in north-western China, the company said on September 29.

AfDB walks away from coal

2 October 2019

The African Development Bank will no longer support any coal projects in Africa and has instead committed itself to fighting climate change.

EIB, Dutch lend to Kenyan utility solar

2 October 2019

The European Investment Bank (EIB) and FMO, the Dutch development bank, are to provide $106mn of loans to finance the construction and operation of two 40-MW solar photovoltaic (PV) plants in Kenya.

Sempra announces potential LNG supply deal with China

2 October 2019

Sempra Energy’s MoU with a Chinese company over potential LNG supply co-operation suggests growing optimism that an end to the US-China trade war may be coming

Eskom to issue 1.4-GWh battery tender

2 October 2019

Eskom intends to issue a tender soon for 1.4 GWh of battery storage capacity at up to 18 sites across South Africa.