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Local content still a matter of concern, despite crude market meltdown

Equatorial Guinea and Uganda are both trying to prepare local contractors for the next oil boom.

Azerbaijan, Kazakhstan and Russia begin output cuts

Private investor mulls $10bn LNG project in Russian Far East

Zimbabwe, Invictus hope to sign PSA on Cabora Bassa project soon

Zimbabwe’s government has said it expects to conclude negotiations with Australia’s Invictus Energy on a production-sharing agreement (PSA) for the Cabora Bassa project in the near future.

Lukoil fails to confirm major gas deposit in Romanian Black Sea perimeter

Reports of more than 3,000 COVID-19 cases at Siberian gas field

ANH chief sees Colombia producing less oil than expected in 2020

Colombia’s National Hydrocarbons Agency (ANH) says the country is set to produce less oil than expected this year.

Iraq: moves to resolve oil dispute between Baghdad and Kurdistan

W-Industries wins subsea support services contract for Mozambique LNG project

France’s Total has chosen Texas-based W-Industries as its contractor for subsea support services related to the non-downstream components of the $20bn Mozambique LNG project.

Israel’s biggest energy company hit with ‘going concern’ warning

Nigeria’s Seplat Petroleum reports oil output up, revenues down in Q1-2020

Seplat Petroleum says its production rose while revenues declined in Q1-2020.

Iran to issue sukuk worth up to $217mn to fund oil and natural gas projects

Nigeria not likely to change benchmark oil price for 2020 budget

Nigeria’s government is reportedly satisfied with a benchmark oil price of $30 per barrel for its 2020 budget, even though world crude markets remain weak.

Russian Urals oil exports to China hit record in Q1

Transit of Russian natural gas via Ukraine down 40% over 4M20

EBRD reports progress in uranium mining legacy remediation efforts in Tajikistan and Kyrgyzstan

EBRD to provide $100mn emergency loan to Jordan’s electricity network operator

Saudi–Russia–US manoeuvrings after the latest oil production agreement

Chevron is not quitting Venezuela, CEO says

Mike Wirth, the CEO of Chevron, said last week that his company did not intend to make a complete exit from Venezuela.

Poland signs contract with Italy’s Saipem to lay Baltic Pipe

The €2.1bn Baltic Pipe will carry gas from the Norwegian Sea via Denmark to Poland, starting in 2022. Poland needs the pipeline to reduce its dependence on Russian gas imports.

Novatek takes axe to capex

Poland’s state-controlled refiner PKN Orlen completes takeover of Energa

Lebanese protest against rescue plan as government seeks IMF help

FAR looking to sell its minority stake in Sangomar

Australia’s FAR Ltd said last week that it had decided to sell all or part of its minority stake in RSSD, the joint venture set up to develop the Sangomar block offshore Senegal, owing to difficulty in securing financing.

Rwandan fuel importers seek tax break for excess supplies

The Rwanda Association of Petroleum Products Importers (RWAPI) is reportedly pressing the government to help its members transfer excess fuel supplies to privately owned storage depots.