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On behalf of its partners in the Bacalhau oil field, Equinor Brasil has awarded Valaris a 540-day drilling contract to commence in 2023. The Valaris DS-17 drillship will be used to drill an appraisal well, cap a former exploration well and conduct additional drilling scope work in Brazil. It is …

Mohammad Barkindo, a Nigerian politician and the secretary-general of oil group OPEC, has died at the age of 63. The head of Nigeria’s National Petroleum Corporation, Mele Kyari, announced the news in a tweet Wednesday, which was confirmed by two sources at OPEC. “We lost our esteemed Dr Muhammad Sanusi …

Russia’s lower house of parliament approved on Tuesday amendments in the country’s tax code that would slap a windfall tax on Gazprom of the equivalent of $20 billion between September and November, which will boost Russia’s tax revenue income. The amendment still needs to be approved by the upper house …

Norwegian offshore workers have begun a strike that will reduce oil and gas output, according to the union leading the industrial action. The strike, in which workers are demanding wage increases to compensate for rising inflation, came on Tuesday amid high oil and gas prices, with supplies of natural gas …

Global natural gas demand will sputter for the next three years, as soaring prices and the threat of further Russian supply cuts discourage consumption. Gas use is expected to slip 0.5% this year as reduced economic activity in Asia and a sharp drop in European gas demand overshadows more buoyant …

Oil major, TotalEnergies has pledged to upscale investment in Nigeria, targeting more oil and gas production in the next five years. The firm said, it is also deepening partnership with the federal government to achieve its target of providing electricity to 80 per cent of the population by 2030. In …

Iran’s oil minister says the project for development of Azadegan joint oil field in the Persian Gulf, will become operational with a 7-billion-dollar funding by a consortium of mostly private sector investors. “For the first time in the history of Iran’s oil industry, the integrated project for the development of …

Four floating storage and regasification units are planned for deployment offshore Germany along with two permanent onshore sites, with an emphasis upon the FSRUs to help secure near-term and medium-term gas supplies. The German government has earmarked 2.94 billion euros ($3.07 billion) for the projects, set to be developed by …

South Korea’s Ministry of Trade, Industry and Energy announced on Tuesday that it will increase nuclear power’s contribution to the national energy mix to 30% or more by 2030. President Yoon Suk-yeol has rejected the idea of phasing out nuclear energy, and made it a key pledge of his campaign …

The European Union (EU) is planning a deal with Namibia to support the country’s nascent green hydrogen sector and boost its own imports of the fuel, EU and Namibian officials said, as the bloc works to reduce its dependence on Russian energy. Hydrogen has long been touted as a less …