Bloomberg Athabasca Oil Corp fully suspended its Hangingstone oil sands operation to combat low oil prices and uncertainty surrounding coronavirus. The move comes shortly after Athabasca said in March it would curtail production at Hangingstone by about 50% to maximise corporate funds flow and liquidity. Calls have been mounting for Canadian producers to cut production in light of rock-bottom domestic ...

Bloomberg South African wind energy producers questioned the legality of a decision by the state power utility to curtail purchases of their output, amid low demand caused by a nationwide lockdown to deal with the coronavirus outbreak. The South African Wind Energy Association (SAWEA) said Eskom Holdings SOC Ltd’s decision to invoke force majeure in its contracts with the independent ...

Bloomberg Germany’s efforts to limit the economic damage from a prolonged coronavirus shutdown are gathering steam, as aid applications pour in and officials seek a path to restart all-important auto production. Under a government program aimed to providing strapped businesses with financial liquidity, 2,500 companies have requested a total of 10.6 billion euros ($11.6 billion) in aid, according to state ...