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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Palestine Power Generation Co. has cancelled a deal to buy about $1.2 billion of gas from Israel’s Leviathan field, Delek Drilling said on Wednesday.
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