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Shell Exits Retail And Lubricants Businesses In Russia

Shell Overseas Investments B.V. and B.V. Dordtsche Petroleum Maatschappij, subsidiaries of Shell plc, have completed the sale of Shell Neft LLC, Shell’s retail stations and lubricants business in Russia, to PJSC LUKOIL. This follows the receipt of all necessary regulatory approvals. The sale agreement was announced on May 12, 2022. All people currently working for Shell Neft, […]

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Panoro Energy Appoints New Executive Director

 Panoro Energy ASA has announced the appointment of Ms. Grace Reksten Skaugen to its Board of Directors, effective immediately. Ms. Skaugen has extensive experience working with a broad range of companies within the energy and global financial industries. Ms. Skaugen is a board member and co-founder of the Norwegian Institute of Directors and holds several board […]

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Equinor’s Gas And Condensate Discoveries To Be Developed In The Norwegian Sea

Equinor and Halten East partners Vår Energi, Spirit Energy and Petoro have decided to invest about NOK 9 billion in the development of the area neighbouring to the Åsgard field in the Norwegian Sea. The area consists of six gas and condensate discoveries and option on another three prospects. The partnership today submits the plan […]

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Equinor Exits All Joint Ventures In Russia

On 27 February 2022, Equinor decided to start the process of exiting the company’s Joint Ventures in Russia. Since then, Equinor has halted all new investments into Russia, stopped trading oil and gas products from Russia and announced an impairment of USD 1.08 billion on the balance sheet as of 31 March 2022. Equinor has […]

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Eni Boss Receives Atlantic Council Global Energy Sector Award

Eni CEO Claudio Descalzi received the 2022 Distinguished Business Leadership Award from the Atlantic Council yesterday. This prestigious honour was awarded for the “extraordinary role” he has assumed in the energy sector at an international level, for the technological transformation of the company aimed at complete decarbonisation by 2050 and for his contribution to the new challenge of […]

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Vianode, An Elkem Company To Boost European Battery Value Chain

The Ministers of Foreign Affairs of Germany and Norway, Annalena Baerbock and Anniken Huitfeldt, have visited sustainable battery materials producer Vianode, an Elkem company, in Kristiansand, Norway. European battery value chain with unique performance characteristics and produced with significantly lower CO2 emissions than today’s standard materials – supporting the ambitions of leading battery cell and […]

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ExxonMobil Reiterates Commitment To Grow Shareholder Value

ExxonMobil has reiterated its firm plans to grow shareholder value by delivering solutions that help meet the global need for energy and for lower greenhouse gas emissions to address climate change. Darren Woods, chairman and chief executive officer, outlined how the company’s strategy leverages its capabilities and competitive advantages at the annual meeting of shareholders. […]

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Tlou Energy Progresses On Transmission Line Construction In Botswana

Construction activities for the transmission line to connect the Lesedi Power Project (Lesedi) to the Botswana power grid have commenced. Zismo Engineering have completed their preliminary work and bush clearing of the route is underway. Preliminary work included site handover, assembling the project team and resources, mobilisation of plant and equipment, line survey and design, […]

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NNPC To Construct A 50,000liters Petroleum Products Terminal In Brass Island

The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has  recently in ongoing Nigerian Continent Midstream-Downstream Oil and Gas summit in Lagos disclosed the Federal Government plan between NCDMB in partnership with NNPC to construct a 50,000liters petroleum products terminal in Brass Island to support storage and distribution of white products in […]

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SBM Offshore Gives Fleet Project and Operational Update

In its recent 2022 first quarter press release, SBM Offshore stated that the Construction activities for the Company’s major projects continue to be impacted by the effects of the pandemic and in particular response measures in China. The current conflict between Russia and Ukraine is also adding pressure on price inflation and the global supply chain. The […]

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