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OPEC April Monthly Report makes for sobering reading
Petrofac loses Dalma work from ADNOC
Saudi Arabia slashes Asian oil exports by 2mn bpd
Norwegian oil output lags behind forecast in March
Chevron completes Azerbaijan exit
Assets of Azerbaijan’s wealth fund fall $2bn in defence of manat from pandemic, oil price upheaval
Baku has spent the past few years recovering from the previous collapse of hydrocarbon prices and building its financial firepower to fend off any repeat.
Ukraine government appoints associate of oligarch Akhmetov to acting energy minister post
Mexico holds fast on production cuts
The OPEC+ group has hammered out a new deal after agreeing to let Mexico make a smaller contribution.
US government extends effort to protect Citgo against PdVSA creditors
The US Treasury department renewed a measure designed to prevent creditors of Venezuela’s national oil company (NOC) PdVSA from laying claim to Citgo, the US-based refiner that is PdVSA’s most valuable foreign asset.
Pandemic reportedly delaying completion of Peregrino Platform C offshore Brazil
Norway’s Equinor is reportedly experiencing delays as it attempts to install a third platform at the Peregrino field offshore Brazil.
BPTT says pandemic has not interrupted gas production
BP Trinidad & Tobago (BPTT), the main supplier of natural gas to Trinidad and Tobago, claims that its operations have not been substantially affected by the coronavirus pandemic to date.
YPF authorised to set up 50:50 JV with Equinor for CAN-100
Argentina’s government has authorised the national oil company (NOC) YPF to set up a joint venture with Norway’s Equinor for an offshore exploration project.
Shell, GCL considering Chinese LNG joint venture
Privately owned Chinese company GCL Oil & Natural Gas has signed a framework agreement with super-major Royal Dutch Shell to explore a potential joint venture to market and trade LNG.
LNG market bracing for inevitable shut-ins
LNG shut-ins are thought to be looming, and some regions where the fuel is produced are more vulnerable than others.
QP forges ahead with LNG expansion, undeterred
Qatar Petroleum is not downsizing its LNG expansion plans in the face of the market downturn, and has kicked off drilling at the North Field East project.
Sudan to allow private firms to import fuel
Nigeria announces end to fuel subsidies
Scatec Solar brings online Dyason’s Klip 2
Scatec Solar has connected the 86-MW Dyason’s Klip 2 solar project in South Africa
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