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TotalEnergies Reviews Gas Development Plan in South Africa

The French oil and gas corporation, TotalEnergies, is engaged in strategic talks with its South African partners and the government to develop a plan for the rapid development of the...
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South Sudan is Wooing Saudi Businesses to Invest in New Oil Exploration Areas

South Sudan has encouraged Saudi Arabian enterprises, including state-owned Saudi Aramco, to participate in South Sudan's upstream sector to foster bilateral collaboration between the two oil-dependent countries. At the same...
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An EU Ban on Russian Oil May Have Serious Consequences – OPEC

According to OPEC sources, OPEC is concerned that a prospective European Union embargo on Russian oil imports would harm consumers and has expressed its concerns to the EU. According to...
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Exiting Russia for Oil Majors is Easier Said Than Done – TotalEnergies CEO

Despite commitments from several international oil majors to leave Russia, Patrick Pouyanne, CEO of TotalEnergies, remarked on Wednesday that it is easier said than done and that firms from the...
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Germany is Considering Substituting Qatari LNG for Russian Gas

Following a visit to Qatar, Germany's Economy Minister, Robert Habeck, declared that the country would import liquefied natural gas. In a Twitter video, Habeck stated that Qatar will export liquefied...
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SDX Energy Kickstarts Oil Production at the MSD-25 Well in Egypt

The MSD-25 infill development well on the Meseda field in Egypt's West Gharib concession has started producing oil, according to SDX Energy, a London-based oil and gas exploration and production...
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EU-AFRICA RELATIONS: Italy Negotiating Renewable Energy Deals with Libya and Algeria

Italy is currently in talks with Libya and Algeria about how to mobilise and develop renewable energy resources. The European country is attempting to diversify its energy mix by including...
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Oil Prices Will Remain Above $100 For Several Months – EIA

According to the Energy Information Administration (EIA), oil prices will remain above $100 per barrel in the coming months, reflecting the geopolitical risk posed by the conflict between Russia and...
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Global Energy Spending is Expected to Reach a New High of 13% of Global GDP in 2022

Rallying energy commodity prices are expected to drive up primary energy expenditures globally to a record 13% of global gross domestic product (GDP), comparable to the energy cost levels during...
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Chevron to Trade Venezuelan Oil After U.S. Sanctions are Lifted

The U.S. oil major has started putting together a trading team to market Venezuelan oil. Chevron plans to expand its position in the four joint ventures it has with state-run...
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