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Iraq Accepts Chevron’s Offer to Develop Oil Exploration Blocks

The Iraqi oil ministry said in a statement on Monday that the Ministerial Energy Council has approved talks with Chevron for the development of four (4) exploration blocks in the...
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Saudi Arabia Reduces Oil Prices for Buyers After OPEC+ Meeting and Latest Rally

According to Bloomberg, Saudi Arabia's Aramco has reduced its official crude oil selling price for Asian clients in response to the recent price increase, which was fuelled by OPEC+'s decision...
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Senate Confirms Nigerian Upstream Regulatory Commission Leadership; Scraps DPR

According to the requirements of the newly approved Petroleum Industry Act (PIA), the Nigerian Senate confirmed the nomination of board members of the Nigerian Upstream Regulatory Commission (NURC), resulting in...
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Angola’s Sonangol Reviews Investment Proposals for Tendered Oil Blocks in Kwanza Basin

Sonangol, Angola's national oil firm, has begun considering investment offers for partnership explorations in the Kwanza Basin's blocks 3/05, 4/05, 5/6, 15/06, 18, 23, 27, and 31. Following the completion...
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Lukoil to Enter Exploration Project in the Caspian Sea- Azerbaijan

Russian LUKOIL said last week that it has signed an agreement with British multinational oil and gas company, bp, to buy a 25% stake in the Shallow Water Absheron Peninsula...
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Eni’s CEO Meets Libyan Prime Minister and NOC Chairman

Libyan Prime Minister Abdulhamid M. A. Dbeibah and Chairman of the National Oil Corporation (NOC), Mustafa Sanalla, met with Eni CEO Claudio Descalzi in Tripoli on Tuesday to discuss the...
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OPEC+ Concludes 21st Ministerial Meeting; Increases Production by 400,000 bpd

On Monday, October 4, 2021, the 21st OPEC and non-OPEC Ministerial Meeting concluded via videoconference. In light of current oil market fundamentals and consensus on its outlook, OPEC and participating...
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Libya Woos US Companies to Increase its Oil Production

Libya is reportedly asking for US oil companies to return to the oil-rich country, according to Bloomberg. Libya's oil minister, Mohamed Aoun, stated that he hopes U.S. corporations will return...
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Qatar Petroleum Orders Four LNG Carriers for North Field Expansion

Hudong-Zhonghua Shipbuilding Group Co. Ltd. (Hudong), a wholly-owned subsidiary of China State Shipbuilding Corporation Limited (CSSC), has received an order for four new LNG carriers from Qatar Petroleum (QP). This...
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Chariot Signs MoU with Mauritania to Produce Cheapest Green Hydrogen in Africa

Chariot Oil and Gas and the Mauritanian Ministry of Petroleum, Mines and Energy have signed a Memorandum of Understanding (MoU) for the development of a green hydrogen project with a...
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