Friday, May 2, 2025

BP to supply LNG to Indonesia’s PLN to 2033 under new contract

From Reuters: BP (BP.L) will supply Indonesian power utility Perusahaan Listrik Negara (PLN) [PLNEG.UL] with liquefied natural gas (LNG) up to 2033, under a contract it signed on Friday. Under the contract, BP will supply PLN with 20 LNG cargoes per year from its Tangguh project in West Papua province from 2017 to 2019, and 44 cargoes per year from

Alberta opts for deficits, Newfoundland chooses harsh tax hikes amid oil woes

From The Globe and Mail: The stinging impact of a year of persistently low oil prices has left economic wreckage across Canada, with the distress particularly acute in Alberta and Newfoundland and Labrador. With unemployment rates shooting up and both economies in distress, the two provinces unveiled dramatically different approaches to dealing with their deficits on Thursday. Alberta’s New Democrats