Gunvor failed to prevent bribery in West Africa
The Office of the Attorney General (OAG) of Switzerland has ordered Gunvor to pay almost 94 million Swiss francs ($94.7mn) for failing to prevent corruption in Congo Brazzaville and Cote d’Ivoire.
Kinder Morgan hails Elba LNG progress
Kinder Morgan’s Elba LNG plant is finally starting up, with one train producing and two more on the way.
Sonangol rig arrested in Malaysia
Malaysian authorities have seized a drillship that was on its way to Angola.
ANPG plans for future Angola LNG supply
Angola’s new regulator Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) has held talks with various producers about supporting future production from Angola LNG.
Nigeria seeks private sector support for gas infrastructure
Nigeria is taking steps to secure further public-private partnerships in order to develop infrastructure in the energy sector.
Lukoil signs up for Ghasha work with ADNOC
Lukoil has signed up for a 5% stake in the Ghasha concession, as a part of a broader package between the United Arab Emirates and Russia.
Cepsa to sell out of Medgaz link
Sonatrach has signed a deal to increase its stake in the Medgaz gas pipeline to 51%, from 43%. The remainder will be held by Naturgy.
The FCPA on the rise: bribes, booms and bonuses
The US’ Foreign Corrupt Practices Act (FCPA) is the benchmark for anti-corruption efforts around the world but the ways in which it is being used are changing, as various countries work on their own efforts.
South Korea’s LNG imports ebb
South Korea’s LNG imports in September dropped to levels last seen in 2017.
US sanctions South Sudanese businessmen
The US government has sanctioned two men with links to South Sudan’s oil industry.
Tanker prices spike as sanctions bite
Tanker prices have rocketed over the last week, driven by US sanctions on various Chinese shippers, principally COSCO Dalian.
Algerian reform efforts trigger protests
Algeria’s cabinet has approved proposed changes to the country’s hydrocarbon law.
Santos ups stake in Darwin LNG
Santos Energy has set out a deal to buy Australian gas assets, in the Northern Territory (NT), from ConocoPhillips for $1.39 billion.
“Freedom gas” in Ukraine scrutinised amid US corruption allegations
The US has set out charges against two men, Lev Parnas and Igor Fruman. The two men, who were involved in schemes for LNG imports into Ukraine, are accused of violating campaign finance laws.
NLNG signs cash call deal with NNPC
Nigerian National Petroleum Corp. (NNPC) and Nigeria LNG (NLNG) have signed a pre-payment agreement on the supply of gas to the six existing trains at Bonny Island.
ADES venture to drill Egyptian deepwater
ADES International has signed up to work on a second deepwater drilling campaign in Egypt.
Springfield launches deepwater drilling off Ghana
Springfield Exploration and Production began drilling the Afina-1x well, offshore Ghana, on October 7.
Demand overshadows risks
Oil price predictions always end in disaster but complacency in the market poses a number of risks, given global uncertainty.
BP’s Dudley comes out swinging for gas
BP’s outgoing CEO Bob Dudley gave a defence of natural gas as one part of the world’s future energy mix, at a conference in London.
Fitch cuts Aramco’s rating
Fitch Ratings has cut Saudi Aramco’s rating to A from A+, following its downgrade of Saudi Arabia.
Transborders signs up MOL to FLNG plan
Australia’s Transborders Energy has signed up to a joint study agreement with Mitsui OSK Lines (MOL) on floating LNG (FLNG).
Nakilat buys out International Seaways
Nakilat has bought the outstanding 49.9% stake in a joint venture it had with International Seaways for $123 million in cash.
Equatorial Guinea pitches for investment
Equatorial Guinea is pioneering developments in gas trading around West Africa with plans for a first regasification facility and political initiatives.
GECF concerned as sanctions threaten Yamal LNG expansion
The Gas Exporting Countries Forum (GECF) has expressed “deep concern” about sanctions in the gas sector, the group has said after a meeting in Moscow.
Hibiscus sidetrack flowers for BW
BW Offshore’s work on the Hibiscus find suggests it may hold 40-50 million barrels, up from the initial estimate of 12mn barrels.