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Pertamina cuts 2020 production targets
Indonesia’s state-owned Pertamina has reduced its oil and gas production target for 2020 by 3% to 894,000 barrels of oil equivalent per day (boepd), CEO Nicke Widyawati revealed on April 20.
Decarbonisation carries $130 trillion price tag
Decarbonising global energy systems has the potential to support the world’s economic recovery from the current coronavirus crisis
150 GW of green capacity at risk in Asia
Up to 150 GW of future wind and solar capacity in the Asia-Pacific region could be at risk over the next five years because of the current coronavirus (COVID-19) crisis.
Leading oilfield services firms report losses
The three leading oilfield service providers – Schlumberger, Halliburton and Baker Hughes – all reported quarterly losses in the past week.
Ottawa unveils funding for orphan well clean-up, emissions cuts
The Canadian government has said that it will provide CAD1.7bn ($1.2bn) to help clean up abandoned oil wells, as well as creating a CAD750mn ($529mn) fund to help energy companies reduce methane emissions.
Shell reportedly postpones Whale FID in Gulf
Royal Dutch Shell has reportedly postponed a final investment decision on its Whale project in the US Gulf of Mexico.
More woes for Canada as SAGD cuts continue
A growing number of oil sands producers using the SAGD method are curtailing output, amid growing fears over the impact of oil price declines.
Examining the WTI collapse
The unprecedented crash in WTI prices into negative territory has been attributed primarily to the mechanics of futures contracts, but nonetheless illustrates an oversupply crisis as storage fills up.
Another setback for Keystone XL as permit revoked
The long-delayed Keystone XL pipeline has suffered another setback with the cancellation of a permit less than three weeks after operator TC Energy announced that it would proceed with the project’s construction.
Pieridae delays FID on Goldboro LNG
Canada’s Pieridae Energy said last week that it had decided to delay a final investment decision on its proposed Goldboro LNG terminal in Nova Scotia until after September 30.
Texas regulators postpone decision on mandatory production cuts
The Railroad Commission of Texas, which regulates oil and gas activity, has postponed a vote on a proposal to impose mandated production limits in the state.
India aims for post-COVID-19 green boost
India aims to boost its solar and wind manufacturing capacity in a bid to become a major global green energy hub and to win market share from China.
Arrow Energy JV sanctions Surat gas project
The Arrow Energy joint venture, comprising Royal Dutch Shell and PetroChina on a 50:50 basis, has sanctioned the first phase of the Surat gas project in Queensland, Australia.
SA’s Nersa extends lockdown closure
South Africa’s energy regulator Nersa has extended its closure during the current COVID-19 lockdown
Enel searches for partner for African green business
Enel is continuing its search for a financial partner to buy a 50% interest in its 2,750-MW African renewable business
EBRD to provide funding to Ukrenergo
Egypt confirms delay of power link to Saudi Arabia
Egyptian Electricity Transmission Co. (EETC) has confirmed that construction of the interconnection power line to Saudi Arabia has been delayed because of the COVID-19 pandemic.
Caspian pipeline consortium looks to divert Kazakh oil flows to Russia’s Transneft in May
Uganda extends pre-qualification phase of second licensing bidding round
Uganda’s Energy Ministry says the government has decided to push back the closing date for the pre-qualification stage of the country’s second licensing round.
Pandemic draws unwelcome attention to Nigerian oil and gas workers
The coronavirus pandemic has drawn unwelcome attention to Nigerian oil and gas workers.
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