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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Poland’s state-owned gas monopoly PGNiG produced 4.5 bcm of gas in 2014 and recorded higher gas sales and profits despite capped Russian imports.
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