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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UK oil and gas explorer IGas Energy has signed an agreement to give Swiss chemical company Ineos a 50% interest in seven of IGas’s shale gas licences in the UK
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