Inpex received the letter of rejection for its Abadi FLNG plans on Monday, but Jakarta's insistence on the onshore option will likely delay development for five years.
Speculative traders have sharply cut their short positions in oil and gas futures in advance of the ‘emergency’ meeting of oil producers in Doha later this month.
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BP's ETAP platform in the UK North Sea. The company is resetting its strategy in line with lower prices. (PA)
BP’s Chief Economist Spencer Dale spoke to Natural Gas Daily about his company’s strategy for coping with the low oil price environment and his predictions for the market.
Natural Gas Daily: Oil and gas prices are much lower now than when we last spoke in July last year. When can we expect prices to rebound?