Latest Stories

Mexico apparently hesitating on oil price hedge

28 August 2019

Mexico’s government has not yet executed its oil hedge and may opt out of doing so altogether this year.

Joe-1 well spudded at Orinduik block offshore Guyana

28 August 2019

Tullow Oil and its partners have spudded a new exploration well at the Orinduik block offshore Guyana.

Pluspetrol reins in production at Las Malvinas gas plant

28 August 2019

Argentina’s Pluspetrol has temporarily scaled back production at the Las Malvinas natural gas plant in Peru following the discovery of leaks in a pipe.

Sinopec’s H1 profit falls 25%

28 August 2019

China’s state-run Sinopec Corp., Asia’s largest refiner, saw its first-half net profit shrink 24.7% year on year to CNY31.34bn yuan ($4.38bn) on the back of heightened domestic competition.

Equinor, YPF sign preliminary agreement on offshore block

28 August 2019

Equinor has concluded a preliminary agreement with YPF, Argentina’s national oil company (NOC), on the establishment of a joint venture to explore the CAN 100 block.

Eni wins exploration block offshore Indonesia

28 August 2019

A consortium led by Italian major Eni has won an offshore exploration block in Indonesia’s second bid round of conventional fields for 2019.

India launches block offer as output declines

28 August 2019

The Indian government has offered seven new exploration acreages under the fourth Open Acreage Licensing Policy (OALP) bid round as it strives to boost a steady decline in national oil and gas production.

BCPL to invest in Indian FSRU

27 August 2019

India’s Bharat Petroleum Corporation Ltd (BPCL) has unveiled plans to build an offshore LNG import terminal at Krishnapatnam in Andhra Pradesh.

ONGC plans Gujarat drilling campaign

27 August 2019

India’s state-run Oil and Natural Gas Corp. (ONGC) intends to drill 46 exploration wells in 12 onshore blocks in Gujarat State.

India expands gas infrastructure, mulls LNG price review

27 August 2019

India’s efforts to spur consumption of natural gas is helping to attract billions in investment, but a growing reliance on foreign supplies is driving the government to review its long-term import contracts.

Pertamina doubles H1 profit

27 August 2019

Indonesia’s state-owned Pertamina saw its first-half net profit soar 112% year on year to US$660mn on the back of lower oil prices and reduced crude imports, finance director Pahala Mansury told reporters on August 26.

Alberta extends oil curtailments until end of 2020

27 August 2019

The government of Alberta has extended its mandatory programme of curtailments on oil production in the province until the end of 2020.

floating nuclear first for Russia

27 August 2019

Russia’s Akademik Lomonosov, the country’s pioneering floating nuclear power plant, set sail from Murmansk on August 23 bound for Pevek, Chukotka, via the Northern Sea Route.

Nebraska court affirms new Keystone XL route

27 August 2019

A court in Nebraska has affirmed an alternative route through the state for the Keystone XL oil pipeline being developed by TC Energy.