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Venezuelan opposition looks askance at “shadow tax” on JVs

Venezuela’s National Assembly is considering proposals for revising joint venture contracts to make the country’s oil sector more attractive to foreign investors.

Sempra introduces feed gas to third Cameron LNG train

Sempra LNG, a subsidiary of US-based Sempra Energy, has started introducing pipeline feed gas to the third liquefaction train at its Cameron LNG project on the Louisiana Gulf Coast.

CCC wins Arctic LNG-2 contracts

Compressor Controls Corp. (CCC), a division of US-based Roper Technologies, has been awarded several contracts by Russia’s Novatek relating to the Arctic LNG 2 project.

Coronavirus a concern for Colombia’s public and private-sector oil producers

Concerns about the impact of the coronavirus pandemic appear to be widespread among Colombian oil and gas producers.

Azerbaijan ‘forced to tell BP to cut oil production sharply’

Extent of OPEC+ output restrictions drawn up to tackle price crisis leaves Baku with little choice but to include energy major in reductions.

Russian oil major Rosneft maintains dividends despite weak market

Russian utility major Enel proposes dividends as expected

MOSCOW BLOG: Russia caught out by oil plunge

Did Russian President Vladimir Putin just screw up in a spectacular fashion? Russia pulled out of the OPEC+ production cut deal on March 6, setting off a downward spiralling of prices that ran out of control

PetroVietnam unable to stockpile cheap oil

State-owned PetroVietnam has said that it is unable to capitalise on low international crude oil prices owing to limited storage capacity.

Sinopec Northwest resumes normal gas supply to WEP

China’s state-run Sinopec Northwest Oilfield has fully resumed its supply of natural gas produced from fields in the Xinjiang region to the West-East Pipeline (WEP).

Cargo cancellations coming in

Buyers in Asia and Europe are reported to have cancelled around 20 cargoes of LNG that were due to be loaded in the US.

AGIG mulls midstream investment at gas project offshore Victoria

Australian Gas Infrastructure Group (AGIG) may join a AUD200mn ($126.8mn) development of midstream gas infrastructure necessary to commercialise the Golden Beach gas production and storage project off Victoria’s coast.

Jadestone plays it safe in 2020 after record 2019

Singapore’s Jadestone Energy saw its production, revenue and profit skyrocket in 2019 as it finally managed to enjoy the fruits of its labour at the Montara oilfield offshore Australia.

Qatar picks Chinese yard to build LNG carrier fleet

State-run China State Shipbuilding Corp. (CSSC) and state-owned Qatar Petroleum have signed a contract that will see the Chinese company build a new fleet of liquefied natural gas (LNG) carriers for the Middle Eastern gas giant.

ONGC pressures government over tax relief issue

India’s state-run Oil and Natural Gas Corp. (ONGC) has reportedly asked the government once again for tax relief as low oil prices push its upstream division into the red.

Beach’s Q3-FY20 production climbs, revenue slides

Australian independent Beach Energy increased its production in the third quarter of financial year 2019-2020 by 8% quarter on quarter to 6.9mn barrels of oil equivalent (76,700 boe per day).

Pertamina cuts 2020 production targets

Indonesia’s state-owned Pertamina has reduced its oil and gas production target for 2020 by 3% to 894,000 barrels of oil equivalent per day (boepd), CEO Nicke Widyawati revealed on April 20.

Acquisition of Czech company Geomet approved by EMH general meeting

Decarbonisation carries $130 trillion price tag

Decarbonising global energy systems has the potential to support the world’s economic recovery from the current coronavirus crisis

150 GW of green capacity at risk in Asia

Up to 150 GW of future wind and solar capacity in the Asia-Pacific region could be at risk over the next five years because of the current coronavirus (COVID-19) crisis.

Leading oilfield services firms report losses

The three leading oilfield service providers – Schlumberger, Halliburton and Baker Hughes – all reported quarterly losses in the past week.

Ottawa unveils funding for orphan well clean-up, emissions cuts

The Canadian government has said that it will provide CAD1.7bn ($1.2bn) to help clean up abandoned oil wells, as well as creating a CAD750mn ($529mn) fund to help energy companies reduce methane emissions.

Shell reportedly postpones Whale FID in Gulf

Royal Dutch Shell has reportedly postponed a final investment decision on its Whale project in the US Gulf of Mexico.

More woes for Canada as SAGD cuts continue

A growing number of oil sands producers using the SAGD method are curtailing output, amid growing fears over the impact of oil price declines.

Examining the WTI collapse

The unprecedented crash in WTI prices into negative territory has been attributed primarily to the mechanics of futures contracts, but nonetheless illustrates an oversupply crisis as storage fills up.