Contracts from some of Australia’s newer LNG projects are reportedly coming under pressure from Asian buyers seeking to defer or renegotiate expensive offtake agreements.
Tensions are escalating in the South China Sea. The area may become unstable, and oil and gas reserves are potentially at stake.
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Apache took a loss of $4.8 billion in Q4 and a non-cash charge of $5.2 billion after tax, the United States producer announced on Thursday.
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