Wednesday , 17 December 2025

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Athabasca suspends oil-sands operation

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 …

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South African wind industry questions Eskom’s force majeure

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 …

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UK house prices surge before virus hit

Bloomberg UK house prices were climbing at the fastest pace in more than two years before the coronavirus pandemic almost brought the market to a standstill, according to Nationwide Building Society. Values rose 3% from a year earlier in March, and gained 0.8% from February alone, the mortgage lender said. The sample period excludes recent disruption caused by UK’s restrict- …

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