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.
Prices may be down and the oil and gas rig count falling, but the effect on global output has been minimal so far.
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Santos has agreed to supply aluminium producer Alcoa with 2.2 bcm of gas over five years from the John Brookes field in the Carnarvon Basin.
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