Mexico’s government has not yet executed its oil hedge and may opt out of doing so altogether this year.
Tullow Oil and its partners have spudded a new exploration well at the Orinduik block offshore Guyana.
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.
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 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.
A consortium led by Italian major Eni has won an offshore exploration block in Indonesia’s second bid round of conventional fields for 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.
India’s Bharat Petroleum Corporation Ltd (BPCL) has unveiled plans to build an offshore LNG import terminal at Krishnapatnam in Andhra Pradesh.
India’s state-run Oil and Natural Gas Corp. (ONGC) intends to drill 46 exploration wells in 12 onshore blocks in Gujarat State.
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.
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.
The government of Alberta has extended its mandatory programme of curtailments on oil production in the province until the end of 2020.
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.
A court in Nebraska has affirmed an alternative route through the state for the Keystone XL oil pipeline being developed by TC Energy.