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OPEC Welcomes Renewables but Stresses the Global Importance of Oil and Gas

Speaking at the Atlantic Council Global Energy Forum 2021, the Secretary-General of the Organisation of Petroleum Exporting Countries, Mohammad Barkindo, showed support for the adoption of electric vehicles and renewable...
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Secretary-General of UN Calls for ‘Urgent Transition’ from Fossil Fuels to Renewables in Africa, Others

During the virtual COP26 Roundtable on Clean Power Transition, a conference on climate action, that held on Monday, 11th January 2020, the Secretary-General of the United Nations (UN), António Guterres,...
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Senegal: FAR to Decide Woodside Sale and Remus Interest in the RSSD at Shareholders Meeting

FAR Limited has executed a Sale and Purchase Agreement (SPA) with Woodside for the sale of its interest in the Senegal RSSD Project. FAR Shareholders are to consider the deal...
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WGEG Names 2 African Wells Among List of Oil Wells in the World to Watch in 2020

In its latest list of twenty (20) key oil wells to watch in 2021, oil data analysis firm, Westwood Global Energy Group (WGEG), mentioned two (2) African wells among the...
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Heirs Holdings Acquire Nigerian Oil Licence OML 17 Assets for $1.1 billion

Heirs Holdings, in partnership with its affiliated company, Transnational Corporation of Nigeria Plc ("Transcorp"), has announced the unconditional acquisition of a 45% participating interest in Nigeria oil license OML 17...
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Kenya Increases Fuel Prices

The Kenyan Energy and Petroleum Regulatory Authority (EPRA) has announced an increase in the prices of Super Petrol, Diesel and Kerosene for the next 30 days. In a press release,...
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Namibian Petroleum Corporation and BW Kudu Sign Farm-In Agreement for Kudu Gas Field

A wholly-owned subsidiary of BW Energy, BW Kudu, and the National Petroleum Corporation of Namibia (NAMCOR) have signed a Farm-In and Carry Agreement. The agreement increases BW Kudu's working interest...
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Barkindo says there is no reason to Panic Amidst Iranian Oil Return

During the "Gulf Intelligence Global UAE Energy Forum 2021" on Wednesday, 13th January 2021, the Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), His Excellency Mohammed Barkindo, addressed the...
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Nigeria: Senate President Assures Work Will Resume on the PIB Soon

At a forum in the Federal Capital Territory of Nigeria, Abuja, on Tuesday, 12th January 2021, the President of the Senate, Ahmad Lawan, said the implementation of Nigeria's Petroleum Industry...
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Guinea-Bissau and Senegal to Sign New Oil Agreement Soon

The President of Guinea-Bissau, Umaro Sissoco Embaló, said that negotiations are on-going with the government of Senegal to reach agreements on the sharing of future oil discoveries believed to exist...
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