News

  • Tellurian and Vitol in US$12 Billion LNG Deal

    Tellurian Inc has announced that it has finalised a liquefied natural gas sales and purchase agreement (SPA) with Vitol Inc.   The deal is for three million tons per annum, on a free on board basis at Driftwood LNG, for a ten-year period, indexed to…

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  • TC Energy Terminates Keystone XL Pipeline Project

    A US$9 billion dollar oil pipeline which became a symbol of the rising political clout of climate change advocates and a flash point in US-Canada relations was officially cancelled on the 9th June.   Keystone XL, which was proposed in 2008 to bring oil from Canada’s Western tar sands to…

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  • ExxonMobil finds more oil in Longtail area offshore Guyana

    ExxonMobil and its partners have discovered oil with the Longtail-3 well on the Stabroek block offshore Guyana.   The well intersected 230 feet (70 metres) of net pay, including newly identified, good-quality hydrocarbon bearing reservoirs below the original Longtail-1 discovery intervals (256 feet/78 metres of…

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  • Jadestone to close Maari field deal in 2H 2021

    Singapore’s Jadestone Energy expects to complete the acquisition of the 69 per cent operated interest in the Maari asset, located in the shallow water offshore New Zealand, from OMV in 2H 2021.   Jadestone entered into an agreement with OMV for the acquisition of a…

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  • Mining Magnate Likens Congo to 1950s Saudi Arabia

    An African nation emerging from decades of conflict and corruption holds the key to greening the global economy.   That’s the view of mining magnate Robert Friedland, whose Kamoa-Kakula venture just started producing copper in the Democratic Republic of the Congo. After scouring 59 countries…

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