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Egypt Signs 9 New Agreement for the Exploration of Oil and Natural Gas

The Minister of Petroleum, Egypt, Tarek El-Molla, said it has signed nine (9) new agreements with local and international companies for the exploration of oil and natural gas on Friday,...
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DPR Passes 161 Bidders to Final Stage of Nigeria’s 2020 Marginal Oilfield Bid Round

Nigeria's Department of Petroleum Resources (DPR) says it has successfully shortlisted 161 companies to advance to the next and final stage of the Country's 2020 Marginal Oilfield Bid Round process for...
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ExxonMobil and Royal Vopak Sign MoU for Feasibility of South Africa’s LNG

Affiliates of Exxon Mobil Corporation (ExxonMobil) and Royal Vopak (Vopak) have signed a Memorandum of Understanding (MoU) to work on a feasibility study to assess the commercial, technical and regulatory...
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Equatorial Guinea Projects $1.1 billion FDI into the Oil and Gas Sector in 2021

The Ministry of Mines and Hydrocarbons Equatorial Guinea has announced the details of the 2021 Work and Budget Program for Exploration and Production (E&P) activities in the oil and gas...
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Libya’s GECOL and Algeria’s SONELGAZ Sign New Electricity Cooperation Agreement

The Libyan General Electricity Company (GECOL) and the National Electricity and Gas Company of Algeria (SONELGAZ) signed an agreement to expand cooperation in the fields of production, transport, distribution of...
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Tanzanian Minister of Energy Issues 3-month Ultimatum for Nyakanazi Power Project

The Tanzanian Minister of Energy, Dr Medard Kalemani, has issued a three-month ultimatum to the Contractor of the Nyakanazi Power Cooling Sub-Station located in Biharamulo District for the completion of...
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Mikano Motors to Assemble Autogas Vehicles and Electric Cars in Nigeria

A subsidiary of Mikano International Limited, Mikano Motors, is set to roll out Autogas vehicles and electric cars in Nigeria. The Company acquired the sole franchise of the Geely auto...
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Egypt Further Reduces Transit Fees for Shippers

According to the authoritative Egyptian newspaper, Al Mal, the Egyptian government will allow shippers of Liquefied Petroleum Gas (LPG) on the Suez Canal to continue paying lower transit fees until...
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Nigeria: NCDMB Grants $50,000 to Winners of the Nigerian Oil and Gas Technology Hackathon

The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its commitment towards the growth of local content with innovations to help address the problems in the Nigerian oil and...
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Oil Prices Edge Higher to Close Out the Week

According to Reuters, oil prices went higher on Thursday after the United Kingdom and the European Union announced an agreement on a post-Brexit trade deal, and due to late-day buying...
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