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Lukoil urges peace in Ukraine
SPDC signs gas delivery deal with Dangote Fertiliser
Shell Petroleum Development Co. (SPDC), a joint venture between Shell (UK) and three other oil companies, has struck a deal on natural gas deliveries to the second phase of the Dangote Fertiliser plant.
South African official: TotalEnergies must apply for production licence at Block 11B/12B by September
The head of South Africa’s state oil and gas regulator has said that TotalEnergies (France) might lose its licence for Block 11B/12B if it does not apply for production rights by September.
Uzbekistan plans to go carbon-neutral by 2050
Russia’s hopes of switching oil and gas exports from Europe to China could be dashed by Beijing’s net-zero commitments
Beijing’s commitment to reach net zero by 2060 could reduce the potential for Moscow to redirect its gas and oil exports away from Europe towards China
Marco Polo Marine, F-drones pioneer drones for offshore wind farms
Singapore’s Marco Polo Marine and F-drones have signed a memorandum of understanding to co-develop “the world’s first large-scale, electric aerial delivery drones for offshore wind farms,” as the two companies describe them.
Urgent pivot to adaption finance needed to contain global warming
The IPCC has warned in its latest climate report that the effects of global warming are already widespread, and that some are now irreversible.
Tigers Realm Coal warns of problems at its Russian coal mine
UK-listed Tigers Realm Coal, which is developing the Amaam coal mine in Russia’s Far East, has acknowledged the impact of sanctions is likely to delay the completion of its coal preparation plant.
Cape Town soon to be load shedding-free city, mayor says
The city of Cape Town is well on its way to becoming South Africa’s first load shedding free city.
Brent Crude hits $117 per barrel, OMCs adjust price at pumps
COPEC is asking the government of Ghana to use the windfall revenue to cushion Ghanaians.
Hopes rise that atomic watchdog chief’s trip to Tehran will trigger agreement for relaunch of nuclear deal
Paraguay’s fuel price hike may be lending extra momentum to cross-border fuel smuggling
The Paraguayan government’s decision to raise domestic petroleum product prices as of February 12 appears to be lending extra momentum to cross-border smuggling of motor fuel.
CGX, Frontera complete Kawa-1 well
Canada’s CGX Energy and its majority shareholder Frontera Energy wrapped up drilling operations at Kawa-1, its first exploration well at the Corentyne block offshore Guyana.
Brazilian gas distributors’ association reports domestic consumption levels up 29% in 2021
Abegas, an association of Brazilian natural gas distributors, has reported that the country saw the consumption of gas received via distribution companies rise by 29% year on year in 2021.
Pemex reports oil, fuel exports down significantly in January
Mexico’s national oil company Pemex has reported that the volume of its crude oil and petroleum product exports dropped significantly in the first month of 2022.
Nord Stream 2 operator denies being insolvent
Consultant says Olmeca refinery in Tabasco State is only half finished
Mexico’s government may be overstating the extent to which Pemex has completed work on a new refinery in Tabasco State, according to Gonzalo Monroy, the CEO of GMEC energy consultancy.
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.
Mexican businessmen rumoured to be eyeing takeover of Monterra’s Tuxpan terminal
A group of Mexican businessmen is reportedly seeking to buy the 2.2mn barrel petroleum product storage terminal that Monterra Energy (US) owns near Tuxpan, a port in Veracruz State on the Gulf of Mexico.
Lukoil completes acquisition of 50% stake in Area 4
Russia’s LUKoil has completed its acquisition of a 50% stake in the production-sharing agreement (PSA) covering Area 4, located in the southern Gulf of Mexico, from the site’s current operator PetroBAL.
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