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CNH head says Pemex may pursue new JVs soon despite farm-out freeze
The head of Mexico’s National Hydrocarbons Commission (CNH) has given state-owned Pemex a green light to seek new joint venture partnerships in spite of the government’s decision to freeze farm-out deals.
Mozambique LNG on hold after COVID-19 outbreak
Guyana attracts interest from oil trading firms for marketing contract
The Guyanese government’s search for a marketing agent for its share of oil output has reportedly drawn interest from several trading companies.
Saipem wins deal for Egyptian rubbers plant
Brazil’s oil industry asks to mothball 29 fields due to pandemic
Two Brazilian oil companies have asked the government to shutter 29 oilfields, which have a total production of 65,000 barrels per day.
Argentina hopes minimum reference price will protect domestic oil sector
Argentina’s government is reportedly mulling a proposal to establish an artificially high floor for domestic crude oil prices.
US instructs Chevron to wrap up operations in Venezuela
Washington has ordered Chevron to prepare for an exit from Venezuela.
Venezuelan opposition looks askance at “shadow tax” on JVs
Venezuela’s National Assembly is considering proposals for revising joint venture contracts to make the country’s oil sector more attractive to foreign investors.
Sempra introduces feed gas to third Cameron LNG train
Sempra LNG, a subsidiary of US-based Sempra Energy, has started introducing pipeline feed gas to the third liquefaction train at its Cameron LNG project on the Louisiana Gulf Coast.
CCC wins Arctic LNG-2 contracts
Compressor Controls Corp. (CCC), a division of US-based Roper Technologies, has been awarded several contracts by Russia’s Novatek relating to the Arctic LNG 2 project.
Coronavirus a concern for Colombia’s public and private-sector oil producers
Concerns about the impact of the coronavirus pandemic appear to be widespread among Colombian oil and gas producers.
Azerbaijan ‘forced to tell BP to cut oil production sharply’
Extent of OPEC+ output restrictions drawn up to tackle price crisis leaves Baku with little choice but to include energy major in reductions.
MOSCOW BLOG: Russia caught out by oil plunge
Did Russian President Vladimir Putin just screw up in a spectacular fashion? Russia pulled out of the OPEC+ production cut deal on March 6, setting off a downward spiralling of prices that ran out of control
PetroVietnam unable to stockpile cheap oil
State-owned PetroVietnam has said that it is unable to capitalise on low international crude oil prices owing to limited storage capacity.
Sinopec Northwest resumes normal gas supply to WEP
China’s state-run Sinopec Northwest Oilfield has fully resumed its supply of natural gas produced from fields in the Xinjiang region to the West-East Pipeline (WEP).
Cargo cancellations coming in
Buyers in Asia and Europe are reported to have cancelled around 20 cargoes of LNG that were due to be loaded in the US.
AGIG mulls midstream investment at gas project offshore Victoria
Australian Gas Infrastructure Group (AGIG) may join a AUD200mn ($126.8mn) development of midstream gas infrastructure necessary to commercialise the Golden Beach gas production and storage project off Victoria’s coast.
Jadestone plays it safe in 2020 after record 2019
Singapore’s Jadestone Energy saw its production, revenue and profit skyrocket in 2019 as it finally managed to enjoy the fruits of its labour at the Montara oilfield offshore Australia.
Qatar picks Chinese yard to build LNG carrier fleet
State-run China State Shipbuilding Corp. (CSSC) and state-owned Qatar Petroleum have signed a contract that will see the Chinese company build a new fleet of liquefied natural gas (LNG) carriers for the Middle Eastern gas giant.
ONGC pressures government over tax relief issue
India’s state-run Oil and Natural Gas Corp. (ONGC) has reportedly asked the government once again for tax relief as low oil prices push its upstream division into the red.
Beach’s Q3-FY20 production climbs, revenue slides
Australian independent Beach Energy increased its production in the third quarter of financial year 2019-2020 by 8% quarter on quarter to 6.9mn barrels of oil equivalent (76,700 boe per day).
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