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BP, Kosmos gain more gas for LNG via deal with Mauritania on block containing BirAllah, Orca gas fields
BP (UK) and Kosmos Energy (US) appear to have signed a preliminary deal for Block C8, a natural gas-bearing licence area offshore Mauritania, with the country’s Ministry of Petroleum, Mines and Energy.
South Africa: Kinetiko strikes gas in well near power plant
South African miner Gold Field completes 50MW Khanyisa solar plant construction at South Deep mine in Gauteng
Clearer ESG rules needed in booming green bond market
The global green bond market was worth $552bn in 2021, accounting for 53% of all green, social and sustainability issuances, according to a recent report from Fitch.
China pursues oil and gas projects to ensure winter supply
India's Export-Import Bank extends $310mn loan to Zimbabwe for rehabilitation of coal-fired power plants
Ecopetrol CEO expresses relief at Colombian president’s change of course on oil export tax
The head of Colombia’s Ecopetrol said he was pleased that President Gustavo Petro had backtracked on some of his campaign promises related to taxing extractive industries such as oil and gas.
Yinson secures $720mn syndicated loan for FPSO Maria Quitéria
Yinson (Malaysia) has finalised a syndicated loan deal worth $720mn for the construction of the FPSO Maria Quitéria, which Brazil’s national oil company Petrobras will install at a Campos basin field.
Mexico reportedly starting to work on 2023 oil hedge
Mexico’s government has reportedly begun working with major financial institutions to set up its next round of crude oil hedges.
Noble, Maersk Drilling complete merger
US-based Noble Corp. said on October 3 that it had completed its merger with Maersk Drilling, creating a new leading offshore drilling contractor.
CBEA, ENGIE to build $60mn portfolio of mini-grids in Nigeria
Berry reportedly exploring options including sale
California-focused conventional oil producer Berry is reported to be exploring strategic options that could result in a sale.
Bank of Guyana says NRF’s balance has topped $1bn
The Bank of Guyana (BoG) stated earlier this week that the country’s Natural Resource Fund (NRF) had reported a balance equivalent to more than $1bn as of the end of the third quarter of 2023.
Ottawa issues draft guidelines for oil and gas emissions performance
The Canadian government has published draft guidance for how oil and gas projects can demonstrate “best-in-class” performance on greenhouse gas emissions.
South African PGMs producer Tharisa to invest $391mn into developing Karo Platinum mine in Zimbabwe
SilverBow announces further expansion in Texas
SilverBow Resources said on October 3 that it had agreed to acquire oil and gas assets in Texas’ DeWitt and Gonzales counties for $87mn from an undisclosed seller.
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