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IGU upbeat on global LNG outlook
The International Gas Union’s annual LNG report is upbeat on the outlook for global LNG, and has talked up the role the fuel will play in post-pandemic recovery and the energy transition.
Chevron CEO signals willingness to sell oil sands stake
Chevron’s CEO, Mike Wirth, has made comments suggesting that his company would consider selling its 20% stake in the Athabasca project, a Canadian oil sands mine.
Southwestern strikes $2.7bn deal to buy Indigo
Appalachian Basin-focused producer Southwestern Energy has announced that it is acquiring Indigo Natural Resources in a $2.7bn deal that will give it a position in Louisiana’s Haynesville shale gas play.
Steps forward, steps back for Alaskan oil and gas
The administration of US President Joe Biden has backed the earlier approval of ConocoPhillips’ Willow project, but has subsequently opted to suspend leases in the Arctic National Wildlife Refuge.
Tellurian announces another supply deal
US-based Tellurian has finalised two sales and purchase agreements (SPAs) with commodity traders for 3mn tonnes per year (tpy) each of LNG from its planned Driftwood LNG project on the Louisiana Gulf Coast over a 10-year period.
Coal bandits
The IEA has said that the road to net zero by 2050 is “narrow but still achievable,” so long as there is no more investment in new coal projects, in order to limit global warming to 1.5C.
Hungary agrees with Gazprom on extending long-term gas delivery with Russia, seeks flexible pricing
EBRD to provide $80mn to fund upgrades of wastewater treatment facilities at Kazakhstan’s Atyrau refinery
CNPC cuts methane emission intensity, focuses on green investment
State-owned China National Petroleum Corp. (CNPC) said this week that it had managed to cut its methane emissions intensity by 6% year on year in 2020.
Westside signs gas supply deals with Alinta, CleanCo
Australian independent Westside has signed gas sales agreements (GSAs) with Alinta Energy and CleanCo Queensland for the supply of 5.84 PJ (152.12mn cubic metres) of natural gas over three years.
Protests pose obstacles for Colombia’s oil and gas sector
As Colombian oil and gas production levels continue to slip amidst widespread protests, Ecopetrol may have to rethink its performance targets.
US grants Chevron, three service companies another waiver from Venezuelan sanctions
The US Treasury Department has given Chevron and three oilfield service providers permission to continue maintaining a limited presence in Venezuela, despite the continuation of sanctions.
Sempra raises stake in IEnova to 96.4%
US-based Sempra Energy reported last week that it had increased its equity stake in IEnova, its Mexican subsidiary, to 96.4% following the expiry of its share exchange offer.
Liza-1 production could rise to 150,000 bpd next year, Hess COO says
Hess has speculated that production rates at Liza-1, a section of the Stabroek block offshore Guyana, may rise to as much as 150,000 barrels per day next year.
PdVSA may repurpose Petropiar, Petrocedeno upgraders to facilitate gasoline production
Venezuela’s national oil company (NOC) PdVSA is reportedly looking into the possibility of repurposing some of the country’s heavy crude oil upgraders to facilitate gasoline production.
US to maintain support for GERD resolution
The US is to continue its diplomatic efforts to find a solution to the Grand Ethiopian Renaissance Dam (GERD) dispute, US State Department Spokeswoman Geraldine Griffith said at the weekend.
AfDB to lend $84mn to Rwanda to boost electricity access
The AfDB board has approved $84.22mn in loans and grants to electrify nearly 80,000 rural households in southern Rwanda.
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