The apparent overthrow of the Aung San Suu Kyi administration by the Myanmar military threatens more than $1 billion of potential upstream investment in the Southeast Asian nation.
More assets are expected to hit the market across Asia Pacific this year following the sustained drop in global oil prices and the COVID-19 pandemic, which has destroyed energy demand growth as economic activity contracts.
Privinvest’s Jean Boustani has been cleared of three charges, centred on alleged Mozambique corruption, by a New York court.
Norwegian energy giant Equinor has announced it will sell half its stake in the Arkona Offshore Wind Farm in Germany.
Russia remains committed to its production cut agreement with OPEC – according to the notes from a Credit Suisse Russian investor trip.