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US grants licence to Maurel & Prom, allowing Venezuela operations despite sanctions
The French oil company Maurel & Prom secured a pivotal victory as the United States issued an ad-hoc licence permitting its continued operations within Venezuela, despite the recent reimposition of US sanctions on the country’s crude exports.
Argentine provincial governments agree to expansion of Andean gas pipeline
On Friday, May 3, the Argentine National Energy Secretariat and the governments of the provinces of Neuquén, Río Negro, and Chubut signed a framework agreement for the expansion of the Andean gas pipeline.
Touchstone Exploration moves to acquire Trinity Exploration and Production
Canadian oil and gas firm Touchstone Exploration is moving to acquire all ordinary share capital in Trinity Exploration and Production; a company with all of its onshore and offshore assets based in Trinidad and Tobago
British oil & gas major Shell divesting from South Africa after 120-year presence
Shell said it has decided to divest its 72% shareholding from Shell Downstream South Africa (SDSA) after a "comprehensive review" of its businesses across all regions.
Azule Energy ventures into Namibia’s offshore oil sector with groundbreaking agreement
Azule Energy, created in 2022 by combining BP (UK) and Eni (Italy) assets in Angola, marks its debut in Namibia’s offshore oil sector through a groundbreaking farm-in agreement with private explorer Rhino Resources Namibia.
What do EU methane rules mean for global gas suppliers?
There is particular complexity in how the rules will be applied for US LNG exports, as exporters often do not produce the gas that they supply globally, and lack the data on emissions upstream.
Genocide victims’ remains found on Namibia's Shark Island, adding to calls to scrap German green hydrogen port project
Namibian authorities are being urged to freeze plans to extend a port on the Shark Island peninsula – meant to support green hydrogen production along the country’s south coast – after the discovery of unmarked graves and artefacts.
Microsoft inks a deal with Brookfield to invest $10bn-plus in renewables capacity
Microsoft has signed a 10.5-GW deal with Canada’s Brookfield Asset Management to invest more than $10bn to power its data centres and artificial intelligence.
UK, Scottish authorities urged to do more to prevent Grangemouth closure
The UK and Scottish governments face growing calls to do more to prevent the closure of Scotland’s only oil refinery in Grangemouth.
Shell profits beat forecasts in Q1 on strong LNG, oil trading performance
Profits at Shell came in better than expected in the first quarter, on the back of strong performance at its LNG and oil product businesses.
UK offers up 31 more oil, gas licences
The UK’s North Sea Transition Authority has offered up a further 31 oil and gas licences as part of its 33rd licensing round
Russian oil and gas sector sees 40,000 workers shortage
Labour shortages have also affected Russia’s oil and gas sector, reaching 40,000 people, Bloomberg estimates. Since the beginning of 2024, the number of vacancies in the sector has grown by 25%.
Denmark's Tyra field faces delays
It will take until the fourth quarter of this year for Denmark’s largest gas field to return to peak production, instead of mid-year as previously planned.
ConocoPhillips achieves first oil at North Ekofisk off Norway
US major ConocoPhillips has reported first oil at the Eldfisk North project in the Norwegian North Sea some weeks ahead of schedule.
Iran to offer big incentives to methanol plants producing petrol
Iran’s Oil Ministry will give a 30% discount on the feedstocks for petrochemical plants involved in making petrol out of methanol, a union leader said.
EU LNG imports down 8% in January-April: GIE
EU LNG imports were down 8% year on year in January to April at 40.8bn cubic metres, coinciding with a climb in Russian pipeline gas supplies.
State-owned oil company Pertamina reveals measures in response to geopolitical uncertainty and rupiah depreciation
PT Pertamina, the state oil and gas company, has taken a proactive stance by implementing a series of strategic measures
Azerbaijan seeks EU long-term guarantees, financial support for gas projects
Azerbaijan is seeking long-term guarantees and available financial support from the EU to invest in its gas production and expand exports to the bloc, its president Ilham Aliyev said in late April.
Surging coal demand amidst heatwave in Asia, implicating exporting countries
As a sweltering heatwave grips several nations, including Indonesia, Malaysia, the Philippines, Vietnam, Thailand, Myanmar, and India, soaring temperatures have spurred a surge in air conditioning usage, consequently driving up the demand for coal
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