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The US super-major ExxonMobil has come under fire in Guyana for resuming associated gas flaring at higher levels at Liza-1, an offshore oilfield within the Stabroek block.
LNG-related setbacks have been reported in both the US and Australia in recent days. In the US, NextDecade is abandoning plans for Galveston Bay LNG. In Australia, Chevron has reported that its Wheatstone LNG terminal is operating below capacity.
Oil and gas giants ExxonMobil and Chevron held preliminary talks to discuss a potential merger last year, it has emerged.
State-owned Korea National Oil Corp (KNOC) is reportedly seeking to sell a number of its upstream assets in the North Sea as it strives to reduce its debt load.
Korean €2.3bn investment will be Hungary's largest and will help move country's automotive sector away from reliance on petrol-based technologies.
Tullow Oil (UK/Ireland) is due to begin work on a new exploration well at Block 47 offshore Suriname this week.
Opposition parties say they will exclude Russia too if they win October general election.
Ukraine’s national gas company Naftogaz drops the price of gas for households in February from UAH7.22 to UAH6.89 per cubic metre
This week’s AfrOil takes a look at recent upstream developments in Namibia.
Oilfield services firm Baker Hughes has reiterated its expectations that demand for LNG will grow in the longer term.
The new administration of US President Joe Biden has started taking steps that will affect oil and gas leasing on federal land and in federal waters.
State-run PNOC Exploration Corp. (PNOC-EC) said last week that it is eager to launch an onshore exploration campaign on the country’s second-largest island of Mindanao.