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Cyclicality of LNG market to become clearer as demand forecast to recover
Analysts from Bernstein Research are forecasting that the global LNG glut will end earlier than widely expected thanks to an anticipated resurgence in Asian demand, as well as construction being wrapped up on current projects.
Australia becomes top LNG exporter for 2019
Australia edged out Qatar to become the world’s leading exporter of LNG in 2019, as its output of the super-chilled fuel grew.
South Africa remains vulnerable as load-shedding continues
Load-shedding continues in South Africa as political promises are broken. Eskom and the government have failed to put forward workable solutions to the crisis
AfDB to provide $21.8mn to fund solar irrigation in Sudan
The African Development Bank (AfDB) has approved a $21.8mn grant to the government of Sudan to accelerate the adoption of solar-powered irrigation pumps in the country’s West Kordofan and North Kordofan states.
Guyana attains oil producer status
ExxonMobil and its partners began extracting oil from the offshore Liza field on December 20, and they may see production rise to 750,000 bpd within five years.
Energía del Pacífico moving ahead with LNG project in El Salvador
The Energía del Pacífico (EDP) venture is working to establish the infrastructure facilities needed to allow EDP to import and regasify LNG so that it can serve as fuel for a thermal power plant (TPP).
Klesch Group to take control of Curacao refinery, edging out PdVSA
Refineria di Korsou (RdK), the owner of the Curacao oil-processing plant, has recently agreed to a buy-out deal with the Klesch Group, a privately held international industrial commodities firm.
Pemex’s plans to speed up drilling fall flat
Mexico’s national oil company (NOC) Pemex has failed in its effort to accelerate drilling at 20 key fields in 2019 by using local service providers.
Mexican president calls for re-routing of Tuxpan-Tula gas pipeline
Mexican President Andres Manuel Lopez Obrador has said he wants Canada’s TC Energy to change the route of the natural gas pipeline it is building between Tuxpan and Tula.
Uzbekistan signs $1bn of uranium supply contracts with Japan
EastMed partners strike deal
Range cuts capex, suspends dividend
Shale producer Range Resources announced this week that it was reducing its capital expenditure budget for 2020 to about $520mn.
Premier announces $871mn North Sea spending spree
Williams completes Gateway Expansion ahead of schedule
Williams has brought its Gateway Expansion project in New Jersey into full service, roughly 11 months ahead of schedule.
EOG sells wastewater disposal wells in New Mexico
Independent shale producer EOG Resources has sold nearly half of its saltwater disposal wells in the New Mexico side of the Permian Basin.
Shell exits Haynesville shale
Royal Dutch Shell has sold the last of its acreage in the Haynesville shale, spanning East Texas and northern Louisiana, to Castleton Resources.
Aramco, Sempra sign deal progressing Port Arthur LNG
Subsidiaries of Sempra Energy and Saudi Aramco signed an interim project participation agreement this week that takes the proposed Port Arthur LNG project in Texas one step closer to a final investment decision.
Coastal GasLink construction resumes despite indigenous opposition
Work resumed on the Coastal GasLink pipeline this week, amid opposition from some chiefs of a local First Nation.
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