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EurOil: Spirit, Neptune to partner on Pegasus West
Spirit Energy and Neptune Energy have agreed to partner on the development of the Pegasus West discovery in the UK’s Southern North Sea.
NorthAmOil: Williston Basin assets changing hands
Oasis Petroleum announced this week that it has agreed to acquire Diamondback Energy’s Williston Basin assets for $745mn. The news came days after Norway’s Equinor said it had completed its own sale of Williston Basin assets for $900mn.
Hungary and Russia agree five-year delay in start of repayments of €10bn Paks loan facility
The decision to modify the financial terms of the contract signals that Moscow is not expecting the new nuclear reactor block to go operational before 2031.
COMMENT: Political interference in Naftogaz supervisory board operations is a major setback in corporate governance reform
Ukraine’s business community and its supporters abroad condemned the Cabinet’s decision to sack the widely respected CEO of Naftogaz Andriy Kobolev on April 28, calling it an abuse of corporate governance that will undermine foreign investment.
EIB approves €340mn of renewables and water funding for Africa
The European Investment Bank has approved €340mn of funding for water and renewable energy in Africa.
Plans to boost domestic gas production may add 3% to Ukraine's annual GDP growth
Ukraine has a gas deficit. It has to import some 15bn cubic metres of gas every year, which it used to get from Russia, but now buys from its partners in Western Europe. But now Naftogaz is pushing to boost domestic production.
Ukraine’s Cabinet sacks widely respected head of state-owned gas company Naftogaz
Ukraine’s government has dismissed the widely respected head of state-run oil and gas company Naftogaz, Andriy Kobolev, on April 29, the day after the company reported losing $684mn in 2020.
Mozambique LNG on hold
Total issues declaration of force majeure for Mozambique LNG project, citing deteriorating security conditions in Cabo Delgado.
GLNG: Philippines approves LNG-to-power project
The government of the Philippines has approved Vires Energy’s proposed LNG-to-power project.
NorthAmOil: Schlumberger predicts quicker recovery than before
Oilfield services giant Schlumberger has revised its projections for the pace of the oil and gas industry’s recovery and now believes it will be faster than previously expected.
DMEA: NNPC’s woes and Durban’s terminal plan
MEOG: Aramco assets and Iraqi talks
LatAmOil: YPFB to see revenues rise this year
Wilson Zelaya, the CEO of Bolivia’s national oil company (NOC) YPFB, has said that conditions are improving in his country’s hydrocarbon sector.
AfrOil: Total declares force majeure on Mozambique LNG
France’s Total has issued a declaration of force majeure on the Mozambique LNG project, citing unfavourable security conditions in Cabo Delgado, Mozambique’s northmost province.
FSUOGM: More Achimov gas comes on stream
Euroil: third Barryroe farm-out falls through
AsianOil: Eni starts up Indonesian deepwater gas field
Italian major Eni has started producing natural gas from its deepwater Merakes project in the East Sepinggan block offshore Indonesia.
Oman and Qatar use NOCs to tap bond markets
YPFB sees revenues rising 35% this year
Wilson Zelaya, the CEO of Bolivia’s national oil company (NOC) YPFB, has indicated that conditions are improving in his country’s hydrocarbon sector.
Climate change to amplify border tensions in Southeast Europe
OSCE report identifies border hotspots across the region where rising temperatures and more extreme weather events risk adding to border tensions.
European Commission slashes projects in Romania’s Recovery and Resilience Plan
Bucharest is struggling to marry the EU’s calls for green projects and digitalisation with Romania’s needs for motorways and gas distribution networks.
Chernobyl anniversary: the next phase
The failure of a routine test at the Chernobyl Nuclear Power Plant in Soviet Ukraine released a cloud of radioactive particles in the worst nuclear accident ever.
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