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Jordan Cove LNG receives federal approval, but state battle remains
The proposed Jordan Cove LNG facility has received its long-awaited federal regulatory approval, but operator Pembina still has a battle on its hands to ensure the project can go ahead.
Oilex’s asset sale to Doriemus at risk
Australian independent Oilex has warned that its planned sale of assets in Australia to Doriemus is unlikely to proceed following the withdrawal of the latter company’s proposed capital raising.
Warrego trims the fat, rejects takeover bid
Australian independent Warrego Energy announced plans this week to reduce its overheads after revealing that it had rejected a takeover offer from Strike Energy.
Global wind growth hit by COVID-19
The global wind sector added 60.4 GW of new capacity in 2019, 19% more than 2018 installations, with 6.1 GW added offshore.
DTEK accumulates UAH1.6bn in payables to state companies
Sinopec Oilfield Service to boost capex in 2020
Sinopec Oilfield Service has said it intends to boost its capital expenditure by 18% year on year in 2020.
Jadestone freezes Vietnamese gas project
Singapore’s Jadestone Energy has decided to delay the Nam Du and U Minh natural gas project in Vietnam owing to the slide in oil prices.
Seplat reports profits up, revenues down in 2019
Seplat Petroleum Development, an independent Nigerian operator, has revealed that its revenues declined while profits rose in 2019.
Russia rolls out a low-carbon strategy to 2050
Moody's: Russia seen as resilient to external shocks
Rolls-Royce and Turkey’s EUAS International agree to study applicability of mini nuclear reactors
EPH of Czech billionaire Kretinsky to acquire British gas storage facility Humbly Grove Energy
Gazprom Neft chalks up progress in the Arctic
European gas prices slump amid COVID-19 lockdowns
US considers wading into Saudi-Russia supply war
Pemex to cut expenses, contracts amid oil price slide, CEO says
Mexico’s national oil company (NOC) Pemex is reportedly planning to reduce its administrative expenses and contracts this year in order to help deal with the impact of falling crude oil prices.
Global power demand falls 15%
The current global COVID-19 crisis has highlighted how much the modern economy relies on electricity, the IEA has claimed.
Petrobras asks to draw $8bn from revolving credit lines amid pandemic
Brazil’s state-controlled oil and gas company Petrobras has asked to draw $8bn from its revolving credit lines.
Fred Olsen confirmed as installer of MHI Vestas turbines at CIP’s Changfang and Xidao wind farm
Fred Olsen Windcarrier is to install 62 MHI Vestas turbines at the Changfang and Xidao (CFXD) wind farms off Taiwan
Curacao refinery operator seizes Bonaire terminal from PdVSA subsidiary
PdVSA has lost control of the BOPEC oil terminal in Bonaire to Refineria di Korsou (RdK), the owner of the Curacao oil-processing plant.
Coal now unbankable in India
Coal power has become largely unbankable in India, with 46 GW of proposed coal-fired power projects cancelled in the last 12 months and 600 GW in the last 10 years.
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