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TotalEnergies Spuds Deepwater Venus-1X Prospect Offshore Namibia

TotalEnergies, a French oil supermajor, has spudded the ultra-deepwater Venus-1X exploration well in Block 2913B, offshore southern Namibia, utilising Maersk Drilling's Maersk Voyager drillship in water depths of 3,000 metres,...
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Banks Continue to Invest in Oil, Gas and Coal Despite Climate Change Pressure

Despite investor and social pressure, banks throughout the world continue to lend money and underwrite bonds issued by oil, gas, and coal businesses, Bloomberg data showed on Monday, with bond...
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Saudi’s Aramco Agrees $15.5 Billion Gas Pipeline Deal with BlackRock and Hassana Investment Company

Aramco has agreed to a $15.5 billion lease and leaseback transaction with a consortium led by BlackRock Real Assets and Hassana Investment Company, the investment management arm of Saudi Arabia's...
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Angola: TotalEnergies Celebrates 20 Years Since Girassol FPSO Came Online

French oil and gas major, TotalEnergies, is commemorating the 20th anniversary of Girassol, its first deepwater Floating Production System (FPSO). Girassol is in Block 17 off the coast of Angola...
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Eni and Snam Collaborates on Gas Pipelines between Algeria and Italy

Eni, an Italian multinational oil and gas company, has agreed to sell 49.9% of its stake in subsidiaries operating two groups of gas pipelines, the Trans Tunisian Pipeline Company (TTPC)...
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U.S. May Release More Crude from its Strategic Petroleum Reserve

According to CNBC, a top State Department adviser said the US is prepared to release even more crude oil from its emergency stocks. This follows the announcement last week by...
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Resolutions of the 23rd OPEC and non-OPEC Ministerial Meeting

The 23rd OPEC and non-OPEC Ministerial Meeting (ONOMM), was held via videoconference, on Thursday December 2, 2021. The meeting reaffirmed the continued commitment of the Participating Countries in the Declaration...
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Nigeria: NNPC Signs Five-Year Crude Oil Exploration and Export Contract with AfreximBank

The Nigerian National Petroleum Corporation (NNPC) and the African Export-Import Bank (Afreximbank) have agreed to a five-year oil trade finance contract worth $1.04 billion for crude oil exploration and export....
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Global Oil Market Overreacted to News of Omicron Last Week – Aramco’s CEO

According to Saudi-owned Al Arabiya TV, Amin Nasser, the CEO of the world's largest oil company and largest oil exporter, the global market overreacted to the new Omicron COVID variation...
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BP Announces Production has Come Online at the Platina Oilfield Offshore Angola

BP, a British multinational oil and gas company, has announced that production at its Platina deepwater oil field in Block 18, 140 kilometres off the coast of Angola, has begun...
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