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Santos takes Barossa FID
The Santos-led consortium developing the Barossa natural gas and condensate field has reached a final investment decision (FID) on the $3.6bn project that lies offshore Australia’s Northern Territory.
India keeps gas prices low for another six months
The Indian government has kept the prices of state-run developers’ conventional natural gas production level while lowering rates for production from challenging deposits.
ConocoPhillips expects higher output, profit hit in first quarter
ConocoPhillips, the US’ largest independent oil and gas company, released a preliminary update on its upcoming first-quarter results this week.
Canada’s Supreme Court upholds federal carbon tax
The Supreme Court of Canada has ruled that the federal government can impose a country-wide carbon tax despite legal challenges from three provinces.
NextDecade partnering with Occidental on CO2 offtake, storage
NextDecade announced last week that it had signed a term sheet with Oxy Low Carbon Ventures (OLCV), a subsidiary of Occidental Petroleum, for the offtake and storage of carbon dioxide (CO2) from the planned Rio Grande LNG project in Texas.
Callon sets new ESG targets
US independent producer Callon Petroleum has unveiled a new set of environmental, social and governance (ESG) targets, including a 40-50% reduction in greenhouse gas emissions intensity by 2025.
Maduro offers to pay for COVID-19 vaccines with oil
Venezuelan President Nicolas Maduro said on March 28 that his government was ready to supply crude oil as payment in kind for coronavirus (COVID-19) vaccines.
ExxonMobil aims to restart compressor on Liza Destiny FPSO this week
ExxonMobil Guyana hopes to restart the flash gas compressor (FGC) on the Liza Destiny, the floating production, storage and off-loading (FPSO) vessel that is being used to develop the Liza-1 oilfield, before the end of the week.
Low production costs seen as key to Guyana’s success
Starr Spencer, a senior editor at S&P Global Platts, has identified low production costs as one of the key factors making Guyana an attractive investment destination for international oil companies (IOCs).
Arrow Exploration says Colombia’s Capella oilfield is back online
Canada’s Arrow Exploration reported earlier this week that upstream development operations had resumed at Capella, an oilfield within the Caguan-Putumayo basin in Colombia.
EPA withdraws crucial permit for Limetree Bay refinery
The US Environmental Protection Agency (EPA) reported last week that it had withdrawn a federal permit granted to Limetree Bay Ventures, the operator of the Limetree Bay refinery in the US Virgin Islands.
NFE agrees to supply two plants in Baja California Sur with LNG
US-based New Fortress Energy (NFE) is slated to provide LNG to two thermal power plants in Mexico under a new supply agreement with CFEnergia SA de CV, a subsidiary of that country’s Federal Electricity Commission (CFE).
Talos says SENER will take control of Zama unitisation process
US-based Talos Energy has not been able to strike an agreement on the unitisation of Zama, an oilfield located off the coast of Tabasco State, with several nearby sites assigned to Pemex.
Ecopetrol setting up special committee to value ISA stake
Colombia’s national oil company (NOC) Ecopetrol said last week that it was taking steps to determine the exact value of Interconexion Electrica SA (ISA), the country’s electricity transmission system operator (TSO).
KrisEnergy’s future in doubt after disappointing Cambodian output
Singaporean independent KrisEnergy has revealed that disappointing production results from its Apsara oilfield offshore Cambodia could sink the company.
AEMO: LNG imports can delay Australian gas supply shortages
The Australian Energy Market Operator (AEMO) has said an anticipated shortfall in natural gas supplies can be delayed as long the country begins importing liquefied natural gas (LNG) by the end of 2023.
Pertamina extinguishes refinery blaze
Indonesia’s state-owned Pertamina has announced that its firefighters have successfully extinguished a fire that raged for two days at the company’s Balongan refinery.
Petrobras sells RLAM refinery to Mubadala Capital affiliate
Brazil’s national oil company (NOC) Petrobras revealed last week that it had agreed to sell the Landulpho Alves Refinery (RLAM) in Bahia State to an affiliate of Mubadala Capital (UAE/Abu Dhabi).
Romgaz bids for Exxon’s stake in Neptun Deep
Pakistan connects Chinese-built K-2 reactor to grid
Pakistan has connected the Chinese-built Hualong One (HPR1000) nuclear reactor at the Karachi Nuclear Power Plant (NPP) Unit 2 (K-2) to the national grid.
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