Page 1 - FSUOGM Week 18
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Issue 1074 06•May•2020 Week 18
Readying for cuts
Azerbaijan, Kazakhstan and Russia are preparing to make unprecedented cuts to oil production this month.
Axing capex
Novatek has taken the axe to its 2020 capital expenditure, in response to the market collapse.
No exemption
German regulators are understood to be planning to reject Gazprom’s application for the Nord Stream 2 to be exempt from EU gas law.
Contract terminated
Georgia has terminated the long-standing production-sharing agreement of Texas-based Frontera Resources.
