Mozambique’s fifth licensing round – which was scheduled to close in April – looks likely to be delayed as vital new petroleum regulation is still pending.
High domestic gas demand in Colombia and Venezuela, where there is limited flexibility to increase production, will make the two countries reliant on imported gas and LNG in coming years.
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Excitement around the ‘Internet of Things’ – including smart meters, drones and holographic lenses – has spread to the energy industry, and could bring about a boost in revenues before the end of the decade.
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