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ATO demands $509mn from Shell
The Australian Taxation Office (ATO) has demanded that Royal Dutch Shell pay a A$755mn ($509.3mn) bill for unpaid taxes on its stake in the Browse natural gas project offshore Western Australia.
Botswana, Namibia target 5,000 MW of solar
Botswana and Namibia have launched a procurement programme for up to 5,000 MW of utility-scale solar projects with the support of a group of Western DFIs
Pakistani upstream boosted by new onshore discoveries
Testing of two new discoveries at one of Pakistan’s most prolific blocks has provided a much-needed boost to the country’s beleaguered upstream.
Mexico apparently hesitating on oil price hedge
Mexico’s government has not yet executed its oil hedge and may opt out of doing so altogether this year.
Angola to launch tender for refinery work
Joe-1 well spudded at Orinduik block offshore Guyana
Tullow Oil and its partners have spudded a new exploration well at the Orinduik block offshore Guyana.
Pluspetrol reins in production at Las Malvinas gas plant
Argentina’s Pluspetrol has temporarily scaled back production at the Las Malvinas natural gas plant in Peru following the discovery of leaks in a pipe.
Sinopec’s H1 profit falls 25%
China’s state-run Sinopec Corp., Asia’s largest refiner, saw its first-half net profit shrink 24.7% year on year to CNY31.34bn yuan ($4.38bn) on the back of heightened domestic competition.
Equinor, YPF sign preliminary agreement on offshore block
Equinor has concluded a preliminary agreement with YPF, Argentina’s national oil company (NOC), on the establishment of a joint venture to explore the CAN 100 block.
Eni wins exploration block offshore Indonesia
A consortium led by Italian major Eni has won an offshore exploration block in Indonesia’s second bid round of conventional fields for 2019.
India launches block offer as output declines
The Indian government has offered seven new exploration acreages under the fourth Open Acreage Licensing Policy (OALP) bid round as it strives to boost a steady decline in national oil and gas production.
BCPL to invest in Indian FSRU
India’s Bharat Petroleum Corporation Ltd (BPCL) has unveiled plans to build an offshore LNG import terminal at Krishnapatnam in Andhra Pradesh.
Gazprom set to expand market-priced gas sales in Russia
Russia mulls letting private operators access Arctic shelf
Cadogan returns to profit despite weaker prices
ONGC plans Gujarat drilling campaign
India’s state-run Oil and Natural Gas Corp. (ONGC) intends to drill 46 exploration wells in 12 onshore blocks in Gujarat State.
India expands gas infrastructure, mulls LNG price review
India’s efforts to spur consumption of natural gas is helping to attract billions in investment, but a growing reliance on foreign supplies is driving the government to review its long-term import contracts.
Pertamina doubles H1 profit
Indonesia’s state-owned Pertamina saw its first-half net profit soar 112% year on year to US$660mn on the back of lower oil prices and reduced crude imports, finance director Pahala Mansury told reporters on August 26.
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