US independent producer Devon Energy announced this week that it has amended an agreement it originally struck in December 2019 to sell its assets in the comparatively mature Barnett shale to Thai-backed Banpu Kalnin Ventures (BKV).
Denmark’s Orsted announced last week that it had completed its Sage Draw wind project in Texas. The majority of the output from the 120-wind turbine project will be sold to super-major ExxonMobil to help power its Permian Basin operations.
A planned takeover deal for Australia-headquartered LNG Ltd (LNGL) has collapsed, after the buyer, LNG9, failed to secure financing for the transaction and withdrew its bid.
Canadian producers are expected to shut in more output, even though the country has not committed to mandatory cuts to support the OPEC+ supply agreement.
The global COVID-19 pandemic could cause emissions to fall by 4% in 2020
Ørsted CEO Matthias Bausenwein remains hopeful that the COVID-19 pandemic will not affect the company’s plans for Japan’s emerging offshore wind industry
The global COVID-19 pandemic could cause up to 3GW of wind and solar projects in Australia to be put on hold.
YPF has cut oil production at fields in the Vaca Muerta shale formation, on the grounds that energy demand has fallen since the government imposed a lockdown to curb the spread of coronavirus.
Representatives of Venezuela’s private fuel supply companies are urging the government to loosen restrictions on the import and sale of gasoline.
Indian power consumption falls 25%
Nigeria, Algeria and South Sudan have agreed to trim output in order to help rebalance markets.
Saudi Arabia plans to expand its sukuk borrowing programme to cover the budget deficit caused by low oil prices