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BP revises terms of Alaska asset sale

Super-major BP has reaffirmed its commitment to closing the sale of its Alaska business to Hilcorp Energy, but said that the two companies had renegotiated the financial terms of the deal in response to the current market volatility.

Russia's Tatneft cuts its output by a fifth ahead of May deadline as it runs out of storage space

Kazakhstan reportedly asks foreign oil field operators to cut output by 22%

Russia's Tatneft cuts its output by a fifth ahead of May deadline as it runs out of storage space

Poland accuses Russia’s Gazprom of continuing to overcharge for gas despite court ruling

Mongolia scraps $3bn IPO for shares in flagship coal mine

Decision made amid pandemic disruption to financial markets and with one eye on vote-shifting distrust of foreign investors ahead of elections.

Russia's LNG output up 17% y/y in 2M20

Flisom to establish high-capacity solar panel plant in Hungary

Low oil prices pose steep risks for Algeria

Low oil prices may trigger another wave of protests in Algeria once the coronavirus lockdown is lifted.

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.

Russia’s tax system in a nutshell: Who prospers as oil prices tank?

Iran ‘expects 30% fall in petrochemical export revenues due to pandemic impacts’

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

Iraq most at risk as the Middle East region faces oil production cuts

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.