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(Toronto) Today, Bliss Baker, the President of the Global Renewable Fuels Alliance (GRFA), celebrated the passage of the Paris Agreement reached at COP21. The two implementation requirements of the agreement have now been fulfilled; being ratified by at least 55 countries, as well as by countries accounting for 55 percent

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Company News

Investec Asset Management, through its African private equity capability, has acquired a significant shareholding in Mobisol. The deal will see Investec Asset Management partner with Mobisol, existing shareholders and DEG to accelerate the company’s growth in its existing markets and to support its expansion into new markets in Africa. Already

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Company NewsOil, Gas & Energy News

Caelus Energy Alaska said Tuesday it has made a “world-class” oil discovery that, if estimates prove true, could be one of the largest finds ever in Alaska. The Smith Bay site, in shallow waters about 50 miles southeast of Barrow, could “provide 200,000 barrels per day of light, highly mobile

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Company News

Shell announces that production has started from the Stones development in the Gulf of Mexico. Stones is expected to produce around 50,000 barrels of oil equivalent per day (boe/d) when fully ramped up at the end of 2017. The host facility for the world’s deepest offshore oil and gas project

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Company News

His Highness Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Abu Dhabi Executive Council, has issued a resolution to merge International Petroleum Investment Company, IPIC, and Mubadala Development Company, Mubadala. The resolution stipulated that a joint committee be

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Company News

Oil prices have continued to languish below $50 per barrel as a glut of crude oil and gasoline persist even as global demand continues to rise. The IEA still predicts that oil consumption will expand by another 1.4 million barrels per day in 2016, while production stagnates. That dynamic suggests

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Company News

The new LNG contract will start in January 2019, following expiry of Centrica’s existing contract with Qatargas at the end of December 2018. With the decline in North Sea production and the recent growth in global LNG supply, the UK is increasingly becoming an attractive destination for LNG. Centrica Group

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Company News

BP today announced that it has signed a second production sharing contract (PSC) for shale gas exploration, development and production with China National Petroleum Corporation (CNPC). The PSC, signed on 27th July, covers an area of approximately 1,000 square kilometres at Rong Chang Bei in the Sichuan Basin. In March

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Company News

The South Australian Government’s decision to incentivise natural gas development is a positive initiative that should help bring more gas to market and benefit local consumers. APPEA Director South Australia / Northern Territory Matthew Doman said the $24 million incentive scheme announced today was another example of the state government’s

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Company News

Adding another shock to the already volatile market in contradiction of analyst expectations, the American Petroleum Institute (API) is reporting a significant increase today in its weekly U.S. crude inventory report of 2.09 million barrels, following a volatile day of trading. Markets will also be responding to the API’s report of

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