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Libyan oil production sinks by 330,000 bpd as Sanalla blames ‘gangs’ for shutdown
Libya’s oil production has reportedly sunk by about 330,000 barrels per day (bpd) as a result of the shutdown of two major oilfields.
AfrElec: Europe eyes South Africa as coal supplier following Russia sanctions
European buyers of coal are beginning to turn to other global suppliers, looking as far as South Africa, in the wake of Russia’s invasion of Ukraine.
MENA countries’ stances vary as Russia-Ukraine war escalates
The recent Russian invasion of Ukraine is having a disruptive economic impact on the MENA region by driving up global wheat prices, which will impose yet more financial burdens on an already cash-strapped Egypt, the world's largest wheat importer.
“A night that could have stopped the history of Ukraine,” Zelenskiy warns after Russia attacks Europe's largest nuclear power plant
An overnight attack by Russian forces on Europe’s largest nuclear power plant caused fear of a massive nuclear catastrophe greater than Chernobyl, announced Ukrainian President Volodymyr Zelenskiy.
IEASA authorised to build pipeline for Vaca Muerta gas
Argentina’s government has authorised Integración Energética SA (IEASA), a state-owned oil, gas and power company, to build a new pipeline that will serve unconventional gas fields in the Vaca Muerta shale formation.
ENERGO: Polish utilities gain on Warsaw Stock Exchange as investors weigh impact of war in Ukraine
REM: US offshore wind auction nets a record-breaking $4.37bn
The US Treasury has netted an unexpectedly high $4.37bn in the Biden administration’s first offshore wind lease, off the coasts of New York and New Jersey.
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.
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