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  • One of the world’s most closely watched exploration wells has come up dry. In a major setback for Pakistan’s oil ambitions, the much-awaited Kekra-01 well in the Arabian Sea turned out to be a duster.‘The dry well comes as a major blow not only for the country, but also for the companies involved. T...

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  • A new report analysing the current status of project investment in Nord Stream 2 has concluded that the total economic benefit to the European Union (EU) represents €9.9bn for building the pipelines.The second part of a recent report from Arthur D Little (ADL) – Nord Stream 2 economic impact in the ...

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  • Somalia’s Ministry of Petroleum and Mineral Resources reports that the Petroleum Law of Somalia has completed its passage through the Parliament of the Federal Republic of Somalia. The Law ensures that any oil discovered is the sole property of the Somali people and aims to ensure the long-term deve...

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  • Global energy investment stabilised in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewable, according to the International Energy Agency’s (IEA) latest annual review.The findings of...

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  • Total production in Canada's Montney play will likely reach 10bn cfe/d in 2019, an increase of 16% from 2018, according to new research from Wood Mackenzie. The outlook for Montney production stays positive beyond this year, with the play forecast to reach 20bn cfe/d by 2030.Much of the forecast gro...

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  • The plan for development and operation (PDO) of the second phase of the Johan Sverdrup field development was formally approved by the Norwegian Ministry of Petroleum and Energy (MPE) on 15 May, the same day construction started on the field’s second processing platform at Aibel’s yard in Haugesund.J...

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  • Projects across the UK are set to benefit from £25mn investment to develop ground-breaking zero emission technologies for new vehicles. A boost for green transport, the investment is a key part of the government’s Industrial Strategy, and part of wider efforts towards developing a net zero carbon ec...

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  • The escalation of the trade war between the US and China could jeopardise several LNG mega-projects that are awaiting final approval, according to Rystad Energy. China announced on 13 May 2019 that it will raise the duty on imports of US LNG to 25% from the previous level of 10% in retaliation to th...

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  • Electric vehicles (EVs) are on track to dominate global sales of passenger cars and buses by 2040, and to encroach significantly on the market for vans and short-distance trucking, according to the latest forecast from research firm BloombergNEF (BNEF).Based on analysis of the evolving economics in ...

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  • The Cameron LNG project is soon to start exporting LNG after producing first LNG from train 1.Phase 1 of the project includes three LNG trains of 4.5mn t/y each. Trains 2 and 3 are currently under construction, with first production expected by the turn of the year and mid-2020 respectively.The proj...

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