Latest Stories

Russia signs off on Paris accord, sets itself an easy CO2 target

24 September 2019

The Russian government has ratified the 2015 Paris Agreement on combating climate change, committing itself to reducing carbon dioxide emissions to 70% of 1990 levels by 2030.

Energy firms dropped from Canadian equity index as industry woes continue

24 September 2019

Eight energy companies have been removed from Canada’s main equity index, illustrating the beleaguered industry’s ongoing woes in the current economic environment.

India’s Petronet buys into Tellurian’s Driftwood LNG

24 September 2019

Tellurian’s agreement with India’s Petronet brings the company a step closer to an FID on its Driftwood LNG project, and may be one of the largest ever LNG supply deals in US history.

IOC looks to up US oil imports

24 September 2019

State-run Indian Oil Corp. (IOC) has said it is willing to increase crude imports from the US once export bottlenecks have been resolved.

Asian LNG buyers seek better contract terms

24 September 2019

Asian LNG importers are seeking better contractual terms from their long-term suppliers in response to depressed prices on the spot market.

Unpacking Azerbaijan’s sovereign wealth record

24 September 2019

Global energy prices and the scale of Azerbaijan’s energy exports will determine whether the fund can continue growing at such a rapid pace.

NNPC says rehab programme will allow refineries to operate at full capacity

24 September 2019

NNPC has announced plans to overhaul and repair all of its oil refineries in less than three years.

Uganda still wants Tullow’s FID on Lake Albert project by December 31

24 September 2019

Robert Kasande, the permanent secretary of Uganda’s Ministry of Energy, said last week that Kampala still hoped to see UK-listed Tullow Oil make a final investment decision (FID) on its Lake Albert block.

Nigeria LNG seeking $10bn in financing for Train 7 expansion scheme

24 September 2019

Tony Attah, the CEO of Nigeria LNG (NLNG), said last week that the consortium intended to finance a $10bn expansion project through a combination of debt and equity.

Winners of Angolan bidding round will be able to develop gas as well as oil

23 September 2019

Angola will permit the winners of its next offshore bidding round to develop natural gas as well as oil, a representative of the national hydrocarbons agency noted last week.