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US official says Rosneft may be able to avoid sanctions for Venezuelan operations
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.
More gasoline and diesel going into storage facilities in Panama
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 joins Taiwan’s offshore wind boom
innogy has joined Asia Cement Corporation’s (ACC) 448-MW Chu Feng offshore wind project
Green growth outpaces fossil fuels, but more is needed from governments
Global renewable generating capacity grew by 7.4% to 2,537 GW in 2019, bringing online 176 GW of new installations
Apache reports another oil discovery offshore Suriname
US-based Apache Corp. and its French partner Total have found oil again at Block 58, which lies offshore Suriname.
Three Gorges’ $2.5bn IPO to fund offshore wind
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.
Global oil storage facilities near 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.
Four windows on OPEC-plus talks
Smaller oil-producing states will watch the upcoming Russian-Saudi discussions closely.
Tullow comments on status of African projects
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.
Mexico consulting other oil producers about output, price
The government of Mexico has been in communication with other major oil-producing countries to discuss measures for stabilising production and price levels.
Pemex says it will maintain current output levels despite pandemic
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.
Wintershall hits oil off Norway
Valeura stays the course at Turkish deep gas play
IEA expresses doubt about oil market recovery
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 up by 58.2% in January, finance minister says
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.
Oil price plunge has no impact on Guyana’s Liza project, ExxonMobil says
The recent drop in crude oil prices has had no impact on production at Guyana’s flagship Liza project, ExxonMobil has said.
Brazil suspends upcoming licensing round on coronavirus outbreak
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.
Hungary’s solar energy production hits new record
Libya Oil Uganda wins early victory in lawsuit over tax payments
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.
Nigeria’s LPG consumption plan will cost more than $6bn
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.
Lower oil prices lead Angola to review 2020 budget
Angola’s government recently announced plans to review this year’s budget in light of changing conditions on world crude markets.
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