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Companies & Finance

The Bongkot South production platform in Thailand

NOCs set to play larger role in Thai licensing round

The Thai government wants state companies to take 25% stakes in all the blocks offered in its upcoming licensing round, which could put off international investors.

7 March 2019 Asia Pacific
CNPC shale exploration in Sichuan

CNPC to up domestic output after record profits

Asia’s biggest oil and gas producer is investing heavily to boost domestic gas production, after in increase in sales of the fuel in 2018 helped drive profits to a four-year high.

7 March 2019 Asia Pacific
Muhammadu Buhari, president of Nigeria, at the UN in 2015

Nigeria’s Buhari must tackle unfulfilled promises

Muhammadu Buhari has been re-elected as Nigeria’s president but has yet to implement his promised overhaul of the country’s chaotic petroleum sector.

7 March 2019 Middle East & Africa
A flare from the Jiaoye 8-2HF well at the Fuling field

Earthquakes unsettle China’s shale gas sector

Deadly earthquakes in China’s shale gas development heartland last week could set back production and public perception of the unconventional fuel.

4 March 2019 Asia Pacific
The Russian seaport of Ust-Luga, near the site for Baltic LNG.

Baltic LNG aims to compete with US cargoes

Shell wants the the Baltic LNG project to serve global markets and believes it can compete on price with US LNG.

28 February 2019 Europe & Russia
The Meridian Spirit loading a cargo at Sabine Pass LNG

Fresh optimism for LNG over US-China trade deal

The US and China seem to be closing in on a trade deal that would benefit US LNG exporters looking to secure long-term contracts with Chinese buyers.

28 February 2019 Americas
Mexican President Andrés Manuel López Obrador giving a speech in January.

Mexico’s energy policies face a reality check

President Andrés Manuel López Obrador has backtracked in his dispute with private pipeline developers, saying their contracts will be respected.

22 February 2019 Americas
Exploration in the Black Sea, offshore Romania

Romania mulls changes to gas legislation

IOCs and the European Commission are pressuring the Romanian government to change legislation that is discouraging Black Sea developments.

21 February 2019 Europe & Russia
BP's planned Greater Tortue LNG development

Senegal to boost government role in upstream sector

The country's new upstream legislation is expected to include obligatory signature bonuses and will fix the stake of state-owned Petrosen at up to 30%.

21 February 2019 Middle East & Africa
A cargo heading to Japan from Wheatstone LNG in Australia

Japan’s portfolio players need LNG export equity

Japanese companies need to expand their involvement in LNG export projects to compete as portfolio players.

19 February 2019 Asia Pacific
The Power of Siberia pipeline under construction

Gazprom speeds up Power of Siberia exports to China

Russian gas flows to China along the Power of Siberia pipeline will begin nearly a month early, at the start of December, but both sides hope to start up even earlier.

18 February 2019 Asia Pacific

BP forecasts stronger LNG trading and greater role for gas

BP has released its Energy Outlook 2019, revising its forecasts from last year’s outlook for 2040 to include more LNG trading and faster growth in gas consumption.

15 February 2019 World
Fuling shale gas field

China hopes for shale gas boom after large find

China's shale gas production could be set for growth that will help stem the country's surging demand for imports.

14 February 2019 Asia Pacific
A Sonatrach LNG carrier

Algeria’s Sonatrach maxes out on export flexibility

Sonatrach is expanding its Skikda liquefaction plant to take larger ships and increase its storage capacity, but stagnant production is leaving facilities underused.

14 February 2019 Middle East & Africa

Ukraine’s gas imports fall on storage use

Ukraine imported less gas in 2018 than it did in previous years as a result of better utilisation of storage facilities.

13 February 2019 Europe & Russia
Pipe stringing for Trans-Adriatic Pipeline, Alexandroupoli, Greece, September 2016

IGB construction delayed to Q2 2019

Construction work on the Interconnector Greece-Bulgaria has been delayed to the end of May 2019.

8 February 2019 Europe & Russia
A drilling rig in the Romanian Black Sea

OMV hits pause button on Black Sea plans

The company’s spending plans for 2019 do not include investment in the region, a move that is the result of Romania’s unstable legal framework.

7 February 2019 Europe & Russia
Ophir Energy activity offshore Tanzania

Ophir’s prized Tanzanian assets almost worthless

Medco Energi has valued Ophir at just $511 million, giving another indication that the deepwater gas in the company's Tanzania blocks might just stay in the ground.

7 February 2019 Middle East & Africa
ConocoPhillips' Bayu Undan platform in the Timor Sea

Australia aims to limit China’s role in Timor LNG

The prospect of China becoming more involved in East Timor is pushing Australia to increase its interest in Timor LNG.

7 February 2019 Asia Pacific
A cooling tower at a power station, West Burton, UK

Legal battle clouds future of UK power payments

The UK could be facing premature power plant closures unless the legal dispute over its subsidy scheme for generators is resolved.

7 February 2019 Europe & Russia

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