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OIL & GAS STOCK ROUNDUP: EQUINOR'S DISCOVERY, SHELL'S UKRAINE EXIT & MORE.
Oil prices saw a significant rise last week, driven by geopolitical tensions and a surge in natural gas demand, with notable developments from Equinor’s new discovery in the North Sea and Shell’s exit from Ukraine. Additionally, Petrobras, TC Energy, and BP also made major announcements, including large investment plans and innovative projects in the energy sector.
- 1 year, 10 months
SAUDI COMPANY ACHIEVES BOOM IN OIL PRODUCTION IN EGYPT.
Saudi company Addis Oilfield Services has significantly boosted oil production in Egypt's Ras Badran field, increasing output to 7,500 barrels per day just three months after starting operations. This success is part of a broader plan to invest up to $66 million in revitalizing aging oil fields in the Gulf of Suez, supporting Egypt's efforts to meet growing energy demand and reduce its import dependency.
- 1 year, 10 months
TANZANIA: FIFTH JNHPP TURBINE TO GO LIVE SOON AS STATION'S COMPLETION NEARS.
The Julius Nyerere Hydropower Project in Tanzania is nearing completion, with the activation of its fifth turbine and the full operation of all nine turbines expected by mid-2025, generating over 2,100 megawatts of electricity. The project will not only meet domestic power demand but also position Tanzania as a regional energy hub, supporting economic growth and regional energy trade.
- 1 year, 10 months
FRANCE'S TOTALENERGIES HALTS NEW INVESTMENTS IN ADANI GREEN ENERGY.
France's TotalEnergies announced that it will not pursue new investments in Adani Green Energy Limited (AGEL) until Indian billionaire Gautam Adani, the company’s principal owner, addresses allegations of corruption raised in the United States.
- 1 year, 10 months
RUSSIAN FUEL FINDS A NEW STARTING POINT.
Russian fuel continues to reach European markets despite strict sanctions through the use of "shadow tankers" and alternative transshipment points.
- 1 year, 10 months
TRUMP PREPARES WIDE-RANGING ENERGY PLAN TO BOOST GAS EXPORTS, OIL DRILLING, SOURCES SAY.
Donald Trump's transition team is preparing an energy plan to boost oil and gas production, including approving new LNG export permits, expanding drilling on federal lands, and restarting the Keystone Pipeline. The plan also aims to roll back Biden-era climate regulations and replenish the Strategic Petroleum Reserve, prioritizing energy security and U.S. production.
- 1 year, 10 months
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