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Buhari says Nigeria’s new NOC should become Africa’s biggest
Nigerian President Muhammadu Buhari says his administration will make the new national oil company, Nigerian National Petroleum Co. Ltd (NNPCL), the largest and most well-capitalised oil operator in Africa.
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.
Zimbabwe: Invictus finds anomalies while processing seismic data from SG 4571
Australia’s Invictus Energy says the ongoing processing of new and existing seismic data has revealed multiple anomalies in Special Grant 4571, the company’s licence area in the Cabora Basin in Zimbabwe.
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.
AA: South African fuel price hike to hurt the poor
The Automobile Association of South Africa says that the fuel price increase announced this past week will have a sharp and immediate effect on the poor and a long-term impact on inflation.
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.
Iran, US each warn they have a Plan B if a nuclear deal revival agreement proves out of reach
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.
PetroSA to take over Sapref
Mineral Resources and Energy Minister Gwede Mantashe says that PetroSA could take over operations at Sapref
Tanzania reduces fuel levy
The government of Tanzania has decided to cut petrol, diesel and kerosene prices by TZS100 ($0.043) per litre.
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.
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