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Russia presses on with import substitution drive
Equatorial Guinea gearing up for new oil and gas projects
Gabriel Mbaga Obiang Lima, Equatorial Guinea’s Minister of Mines and Hydrocarbons, said at the weekend that his country intended to launch a number of new oil and gas initiatives this year.
Revival unlikely for Ukrainian refining
Indonesian upstream set for another tough year
Indonesia’s upstream regulator SKK Migas has warned that the country could miss its 2020 crude oil production target despite an anticipated rise in upstream spending.
State Gas revises down Queensland well’s production numbers
Australian independent State Gas has revised down its production numbers for the Nyanda-4 gas well in Queensland after launching an audit into its initial figures late last year.
China unveils upstream reform
The Chinese government has unveiled plans to allow foreign and private companies to explore and develop the country’s oil and gas resources without the need for partnerships with state-owned developers.
MOL, COSCO name newest LNG carrier
Japan’s Mitsui OSK Lines (MOL) and China COSCO Shipping have named the second of four LNG carriers the companies have commissioned to transport fuel produced by Russia’s Yamal LNG project.
Vietnam sets 2020 goals for PetroVietnam
The Vietnamese government has raised the bar for state-owned PetroVietnam after the major surpassed its 2019 oil and gas production targets.
Petronas to re-enter Cambodia’s energy sector
Malaysia’s state-owned Petronas is preparing to re-enter Cambodia’s oil and gas sector after exiting the South-East Asian country in 2010, a senior Malaysian diplomat has said.
Belarus imposes tax for Russian oil transportation among snowballing dispute with Moscow
Russian utilities still seen as strong Buy in 2020
Indian LNG demand supports spot prices
India’s demand for liquefied natural gas (LNG) is helping drive spot prices for the fuel higher, according to a report by Reuters.
Indian Oil, OIL team up on CCUS-EOR project
India’s largest oil refiner Indian Oil has teamed up with state-run developer Oil India Ltd (OIL) on a project to re-inject refinery carbon emissions at a nearby mature oil project.
Privately owned Nigerian company expands modular refinery
Nigeria’s Department of Petroleum Resources reported last week that a privately owned company had significantly expanded the capacity of its modular refinery in Ogbele, a town in Rivers State.
South Sudan seeks partner for environmental audit of oilfields
The government of South Sudan has called a tender for an environmental audit of the country’s oilfields.
Sonatrach awards $3.7bn refinery contract to Spanish-Korean consortium
Algeria’s national oil company (NOC) Sonatrach has awarded a $3.7bn contract for work on a new grassroots oil refinery to a joint venture formed by South Korea’s Samsung Engineering and Spain’s Técnicas Reunidas.
Maduro, opposition MPs spar over proposed changes to JV ownership
Venezuelan President Nicolas Maduro's plans for authorising changes in PdVSA JV ownership have stalled amidst ongoing conflict with the political opposition over control of the legislature.
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