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TC Energy offers 10% Coastal GasLink stake to indigenous groups
Canadian pipeline operator TC Energy announced on March 9 that it had signed option agreements to sell a 10% interest in the Coastal GasLink gas pipeline, which is being built to serve the LNG Canada export terminal, to indigenous communities.
Canadian maintenance plans add to supply jitters
Planned maintenance is anticipated to take roughly 5% of Canadian crude production offline this spring, adding to supply worries as crude prices hit multi-year highs.
Zimbabwe: Invictus, Exalo sign binding drilling contract for Muzarabani-1 well
Invictus has executed a binding drilling rig contract with European onshore drilling contractor Exalo Drilling to drill the Muzarabani-1 exploration well
Johnson rules out windfall tax on oil firms
CNOOC subsidiary to acquire another 5% of Búzios section of Transfer of Rights area
Brazil’s national oil company Petrobras will assign a 5% stake in the production-sharing contract covering the Búzios section of the transfer of rights (TOR) offshore area to a subsidiary of CNOOC.
Guyana’s attorney general defends government’s support for oil development
Guyanese Attorney General Anil Nandall has spoken in favour of the government’s economic agenda in response to criticism from several NGOs that have raised objections to Georgetown’s promotion of upstream oil development.
EIA makes major upward revision to oil price outlook
The US Energy Information Administration (EIA) has made a major upward revision to its oil price forecast in its latest Short-Term Energy Outlook (STEO).
Argentina reportedly in discussions with several potential LNG suppliers
Argentina’s Economy Minister Martin Guzman said on March 9 that Buenos Aires was holding discussions with several companies on an LNG supply deal for the coming winter.
Study: Gas flaring rose nearly 50% in Mexico between 2018 and 2020
Mexico’s associated gas flaring volumes rose by nearly 50% between 2018 and 2020, according to a study that the Colorado School of Mines’ Earth Observation Group (EOG) carried out for Reuters.
Nigerian rights group questions government spending on refineries
A Nigerian rights group, SERAP, has threatened to sue the government for the alleged mismanagement of funds approved for the rehabilitation, operation and maintenance of the country’s oil refineries.
Vandalised Kenya Power equipment recovered In Juja raid
Police detectives on Thursday March 10 arrested three suspects in an operation that recovered vandalidised equipment of state owned Kenya Power and Lighting Company (KPLC).
Royal Bafokeng Platinum: 30 MW solar power study almost complete
South Africa’s only rural community-owned mining company, Royal Bafokeng Platinum (RBPlat), which delivered record dividend-yielding earnings and production in 2021, is close to completing its renewable energy study
KazTransOil consolidated revenue up 1% y/y in 2021
Hungarian government imposes restrictions at pump stations as price caps lead to major disruption in retail fuel sales
Minister: Jamaica has enough oil and fuel in storage to weather high prices
Jamaica’s Minister of Science, Energy, and Technology Daryl Vaz sought last week to provide assurances that the country has sufficient fuel reserves as oil prices rise following Russia's invasion of Ukraine.
Egypt signs MoU with Norway’s Scatec to build 5bn facility to obtain green ammonia from green hydrogen
Borders & Southern Petroleum seeks to raise $1.8bn for Darwin appraisal, development
AIM-listed Borders & Southern Petroleum is looking to raise up to $1.8mn to cover the cost of appraising and developing Darwin, its natural gas and condensate discovery in the South Falkland basin.
Guyana pushing CGX to drill at Demerara, Berbice rather than focus solely on Corentyne
Guyana has urged Canada’s CGX Energy and its parent company Frontera Energy to move ahead with exploration drilling at the Demerara and Berbice offshore blocks rather than focus solely on the Corentyne licence area.
YPF reports net profits down, revenues up in Q4-2021
Argentina’s national oil company YPF reported last week that its net profits had dropped to $247mn in the final quarter of 2021, down by 54.2% on the figure posted in the same period of 2020.
Iran’s gas export revenues grew by 250% while petrochemical shipment earnings doubled says oil minister
Israel’s Marom Energy buys 30% stake in Morocco's Gaia
Hackers reported to have targeted US LNG industry in February
Hackers are reported to have gained access to computers belonging to current and former employees of major US natural gas suppliers and exporters in mid-February.
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