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Vaalco Records Production Increase in Q1 2021; Set to Drill Two Wells and Appraise Two Potentials

After a massive increase of 113% of the oil produced and sold in the first quarter of 2021 compared to the same period in 2020, Houston-based oil company, Vaalco, is...
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ANGOLA: Eni and bp Sign MoU to Collaborate on Development of Angolan Upstream Sector

Italian oil and gas company, Eni, and British Petroleum (BP) have announced that they have entered into a non-binding memorandum of understanding (MoU) to progress detailed discussions on combining their...
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Shell in Talks with Nigerian Government Over Onshore Oil Fields in the Niger Delta

With issues such as its spill-prone operations that are not compatible with its plans to go green and to achieve net-zero carbon emissions by 2050, Anglo-Dutch company, Royal Dutch Shell...
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Equinor and Sonatrach Sign E&P MoU; Impact Oil & Gas Completes Farm-in in South Africa

Norway's Equinor and Algerian state-owned oil company, Sonatrach, have signed a memorandum of understanding (MoU) to examine cooperation within oil and gas exploration and production in Algeria and abroad. The...
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Oil Prices Topped $70 for the First Time Since March

For the first time since March 2021, oil prices rose to $70 per barrel following the re-openings of European and U.S. economies and expected rise in demands. The British economy...
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AGIP Shuts Down Oilfield in Bayelsa Due to Leakage

Last week, the Nigerian Agip Oil Company (NAOC) confirmed an oil leak from its Idu oilfields at Egbebiri settlement within Biseni, Yenagoa Local Government Area of Bayelsa State, which caused...
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Nigerian State-owned Refineries Processed no Crude Oil in January 2021

In the latest published financial and operations report by the Nigerian National Petroleum Corporation, NNPC, the three state-owned refineries did not refine any crude oil in January 2021. The refineries...
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Occidental to Become a Carbon Management Company by 2023 with Intended ‘DAC’ Plant

In America's biggest oilfield, the Permian Basin, Occidental Petroleum Corp. is planning to build the world's first large-scale Direct Air Capture (DAC) plant that will lower emissions of the primary greenhouse gas responsible...
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Seadrill Joint Venture Secures Contract for the Quenguela Drillship Offshore Angola

Seadrill has announced that Sonadrill, a joint venture between the state-owned oil company of Angola and the owner of Sonangol Libongos and Sonangol Quenguela drillships, Sonangol, and extensive drilling expert,...
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Nigeria Exceeds OPEC+ Quota for April; to Compensate before end of September

Nigeria exceeded the April production quota set by the Organisation of Petroleum Exporting Countries (OPEC) and its allies (OPEC+) by 84,000 barrels per day, producing 1.6 million barrels per day...
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