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EurOil: Nord Stream 2 becomes insolvent
DMEA: Asset sales and petchem plans
Gazprom shares collapse by 97% in London, market cap falls to just $250mn
The market capitalisation of Russia’s national gas giant Gazprom saw an unprecedented collapse on March 2 to a mere $250mn at the London Stock Exchange, following a single-day drop in its stock price of 97%.
AfrElec: Deputy minister says Ghana must take cautious approach to energy transition
Ghana’s Deputy Energy Minister Andrew Egyapa Mercer said on March 1 that Accra should not adopt decarbonisation policies that are so strict that they limit options for the development of hydrocarbons.
AsianOil: JERA to pursue LNG-to-power in Vietnam
Japan’s JERA announced on March 1 that it had kicked off full-scale operations in Vietnam. The company intends to pursue LNG-to-power projects through its new Vietnamese unit.
NorthAmOil: IEA members to release 60mn barrels amid Ukraine conflict
International Energy Agency members led by the US agreed on March 1 to a co-ordinated release of crude oil from emergency stockpiles.
GLNG: Shell, PipeChina sign terminal use agreement
Subsidiaries of Shell and China Oil & Gas Pipeline Network – known as PipeChina – have signed a memorandum of co-operation (MoC) and two terminal use agreements.
LatAmOil: IEASA gets green light for Vaca Muerta gas line
Argentina’s government has authorised state-owned Integración Energética SA (IEASA) to build a new pipeline that will serve unconventional gas fields in the Vaca Muerta shale formation.
AfrOil: Venus-1x may be sub-Saharan Africa’s largest oil find
UK-based Wood Mackenzie has speculated that the Venus discovery announced last week by TotalEnergies (France) at the PEL 56 licence area offshore Namibia may be the largest oil find ever made in sub-Saharan Africa.
MEOG: Aramco makes gas finds
Exodus of Western majors from Russia begins
International oil companies have started announcing plans to exit Russia, potentially marking the biggest ever withdrawal of foreign investment from the country’s oil and gas industry during such a short period.
Zelenskiy signs application to join EU as European leaders back Ukraine's membership
Von der Leyen says Ukraine is “one of us and we want them in the European Union”.
Mongolia goes ahead with Soyuz/Vostok pipeline signing with Russia despite Ukraine outcry
Mongolian deputy PM and Gazprom chair Alexey Miller hold online meeting for next stage of project to transit Russian gas to China.
Hungary backs Russian sanctions but will not scrap €12.5bn nuclear plant deal
Orban says Hungary won't give weapons to Ukraine, because "with those weapons, they could shoot at Hungarians living in Transcarpathia".
Moldova moves to secure electricity supply and ban Russian propaganda sites
Bordering Ukraine and with part of its territory controlled by Russia-backed separatists, Moldova is particularly vulnerable to spillover from the war in Ukraine.
KGL to carry out green hydrogen assessment for Dominica
Trinidad-based Kenesjay Green Ltd (KGL) said in a recent press release that it had agreed to perform a green hydrogen assessment for Dominica.
Guyana in talks with Middle Eastern oil companies ahead of offshore bidding round
Guyanese Vice-President Bharrat Jagdeo has said that Georgetown is in talks with several state-run Middle Eastern oil firms about a potential exploration for new offshore oil deposits.
Mongolia tiptoes around Russian aggression toward Ukraine
Mongolian officials unlikely to state opposition to Ukraine invasion, given Kremlin's stranglehold on gasoline provision. Mongolia imports 98% of automobile fuel from Russia.
TotalEnergies announces ‘significant’ discovery offshore Namibia
ENERGO: Energy Community says Bosnia, Kosovo and North Macedonia failed to meet emission reduction targets
REM: Crown Estate Scotland plans to offer new 6-GW leasing round
Crown Estate Scotland, the seabed landlord, plans to offer project rights for offshore wind farms to decarbonise oil and gas infrastructure in a new 6-GW-plus leasing round.
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