Thailand will open bidding for major gas-producing blocks operated by Chevron and state-backed PTTEP once their licences expire, following pressure for improved transparency.
With oil prices at around $50/bbl, the prospect of OPEC capping production levels at its June meeting is looking increasingly remote.
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An observatory in South Africa’s Karoo Basin. By law, oil and gas explorers must prevent light pollution. (PA)
Interfax spoke to Luke Havemann, a Johannesburg-based oil and gas specialist at law firm ENS, about the new hydraulic fracturing regulations published in South Africa this year.
Interfax: Are there any major problems with the regulations?