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Republic of Congo set to export oil in excess of OPEC+ quotas
The Republic of Congo looks set to export more oil than expected in May and June.
BP books loss from Rosneft stake
NNPC releases updated OSP list, continues mooting plans for production cuts
NNPC has published an updated list of its official selling prices (OSPs) for crude oil, following a delay.
Investors sue Moscow exchange after WTI swings negative
More than 150 investors are preparing to launch a class action lawsuit against the Moscow Exchange (MOEX) worth RUB1bn ($13mn), after West Texas Intermediate (WTI) futures closed at a negative prices, but did the Urals blend also go into the red?
Botswana keen to ensure fuel and energy supplies during lockdown
Botswana’s government has pledged to ensure adequate supplies of fuel and energy to the population during the lockdown imposed to combat the coronavirus pandemic.
Slovenia’s net electricity output up 8% m/m in March
EBRD provides €2.5mn loan to North Macedonia’s Ohridska Banka to support green energy transition
OMV Petrom pays half of 2019 profit as dividends
Energy minister says Ecuador may try lifting fuel subsidies again
Ecuador is considering the possibility of lifting its costly fuel subsidies once again in response to the recent plunge in global oil prices, according to the country’s energy minister.
Storage glut could hit oil shipments from Guyana’s Liza field
Shipments of crude oil from the Liza field offshore Guyana could be affected by the global storage glut that has resulted from the coronavirus pandemic.
Guyana receives 34 bids for crude marketing contract
Guyana has received a total of 34 bids for a new contract to market the government’s share of crude oil.
UK unions call for part-nationalisation of oil industry
Turkey’s electricity producers assess April collapse in demand at 20%
Producers association expects power spot price to dive 40% in pandemic-hit April and 15% in 2020. Even operational profitability tough to sustain. Opposition says government policy encourages building of plants country does not need.
Perenco files to decommission gas field platforms
US extends sanctions waiver to Iraq
Equatorial Guinea, Marathon choose Vfuels for modular refinery study
The government of Equatorial Guinea and Marathon Oil (US) have chosen a contractor for a study of plans to construct a modular oil refinery.
Gazprom braces for tough year
Tension rises in the Persian Gulf
Halliburton follows Chevron in pledging to exit Venezuela
Houston-based Halliburton has pledged to wrap up most of its activities in Venezuela by December 1, in line with instructions from the US Treasury Department.
Tullow agrees to sell Ugandan assets to Total for $575mn
Tullow Oil (UK/Ireland) revealed last week that it had arranged to sell its assets in Uganda to Total (France).
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