A high-ranking US official says Washington is ready to lift sanctions on a subsidiary of Russia’s largest oil operator Rosneft, provided that the company can show that it is no longer doing business in Venezuela.
Panama appears to be turning into a popular destination for traders looking for places to store their excess supplies of petroleum products, especially low-sulphur motor fuels.
innogy has joined Asia Cement Corporation’s (ACC) 448-MW Chu Feng offshore wind project
Global renewable generating capacity grew by 7.4% to 2,537 GW in 2019, bringing online 176 GW of new installations
US-based Apache Corp. and its French partner Total have found oil again at Block 58, which lies offshore Suriname.
China Three Gorges (CTG) aims to raise CNY25bn ($3.5bn) through an IPO in Shanghai to help fund the construction of up to 2.2 GW of offshore wind capacity.
The unprecedented glut in global oil supply has tested storage capacity to the limits, driving the world’s biggest producers to negotiate a truce this year and curb their output.
Smaller oil-producing states will watch the upcoming Russian-Saudi discussions closely.
Tullow Oil (UK/Ireland) has indicated that it remains optimistic about its projects in Africa despite the challenges posed by the coronavirus pandemic and lower crude oil prices.
The government of Mexico has been in communication with other major oil-producing countries to discuss measures for stabilising production and price levels.
Mexico’s national oil company (NOC) Pemex has said it will maintain current crude production levels, in spite of the coronavirus-driven decline in demand and uncertainty over global oil prices.
Yantai LNG, the largest LNG terminal in northern China, approved by China’s National Development and Reform Commission
The National Development and Reform Commission of China officially approved the construction of the largest LNG receiving terminal in northern China, the Yantai LNG terminal in March that will be the largest of its kind in the country.
Guyana’s oil output jumped to 56,320 barrels per day in January, up by 58.2% on the December figure of 35,607 bpd, according to a report from the South American country’s finance ministry.
The recent drop in crude oil prices has had no impact on production at Guyana’s flagship Liza project, ExxonMobil has said.
Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) has approved the temporary suspension of the next round of oil and gas auctions, citing the coronavirus crisis.
Ola Energy, a Kenyan fuel marketing company formerly known as OiLibya, has taken legal action against the Ugandan Revenue Authority (URA) to protest against the latter’s demand for payment of import taxes.
Dayo Adeshina, the programme manager of the Nigerian federal government’s National LPG Expansion Plan (NLPGEP), has said that the country cannot push domestic LPG consumption up to targeted levels unless it invests more than $6bn in infrastructure.
Angola’s government recently announced plans to review this year’s budget in light of changing conditions on world crude markets.