News

  • Total inks deal to shed UK refinery, downstream assets

    Total SE has agreed to sell its UK downstream business – including subsidiary Total Lindsey Oil Refinery Ltd’s 109,000-b/d refinery in North Killinghome, Immingham, Lincolnshire, and associated logistics assets – to Prax Group (also known as State Oil Ltd), a London-based global independent trading, storage, distribution,…

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  • Eni confirms gas potential in discovery offshore Vietnam

    Italian oil and gas company Eni has discovered a significant hydrocarbon accumulation on the Ken Bau discovery located in Block 114, Song Hong Basin, offshore Vietnam.   Eni said on the 27th July that the exploration well Ken Bau-2X has confirmed a significant hydrocarbon accumulation…

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  • Lukoil Buys Cairn RSSD Stake for up to US$400 million

    PJSC Lukoil revealed on the 27th July that it has concluded an agreement with Cairn Energy Plc to buy a 40 percent stake in the RSSD (Rufisque, Sangomar and Sangomar Deep) project in the Republic of Senegal for US$300 million in cash.   A potential…

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  • Construction of Major Iran-Iraq Railway “Will Begin Soon”

    A senior Iraqi official has said the construction work for establishing a major railway project connecting the Arab country to neighbouring Iran will get underway not in the too distant future.   “The railway between Iran and Iraq through the Shalamcheh link will get going…

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  • President Energy exports oil from Argentina for the first time

    AIM-listed President Energy, the energy company with a diverse portfolio of production and exploration assets focused primarily in Argentina, has provided an update on sales of oil from its Rio Negro fields in Argentina and guidance on H2 Average Group production.   Export of Oil Since…

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  • Chevron Powering Oil Pumps with Solar Panels

    In California’s sun-drenched Kern Valley, Chevron Corporation has found a way to use one of the state’s clean-energy programmes to cut the cost of pumping oil, to the chagrin of some environmentalists.   Since April, solar panels have been powering oil pumps at Chevron’s Lost…

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