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ExxonMobil seals LNG deal with Zhejiang Energy

ExxonMobil has signed a 20-year agreement to supply liquefied natural gas (LNG) to Zhejiang Provincial Energy Group. It was announced on Monday that Zhejiang Energy is expected to receive 1 million metric tons of LNG from the U.S. energy giant each year. Peter Clarke, senior vice president of LNG at ExxonMobil, said; "ExxonMobil shares

Mozambique’s EDM renews power contract with Lesotho

Mozambique’s publicly owned electricity company, EDM has renewed its contract to sell power to the Lesotho Electricity Company, LEC. According to All Africa, the contract is to last for a year and EDM is expected to earn 7.2 million dollars through the supply of 35 megawatts which is 20 per cent of Lesotho’s total electricity consumption. EDM

Saudi energy minister talks oil market stability with President Buhari

Nigeria’s President Muhammadu Buhari recently met with Saudi energy Minister, Khalid Al-Falih to discuss cooperation between the two OPEC member countries in the energy sector. This was made known through the Saudi energy minister’s tweet according to Reuters which stated that he met with president Muhammadu Buhari on the margins of the World

Chevron, Woodside seeks license for Kitimat LNG plant

Chevron Canada Limited and Woodside Energy Limited recently applied for a new license for their Kitimat LNG plant in Northern British Columbia that will help double in size LNG production to about 18 million tonnes per annum. The Kitimat LNG application follows the approval last October of the massive LNG Canada project, also located in

Eni, BP and NOC sign deal to resume Libyan exploration

National Oil Corporation (NOC) Chairman, Mustafa Sanalla, BP Group Chief Executive, Bob Dudley, and Eni CEO, Claudio Descalzi, signed a Letter of Intent (LOI) in London which will launch the process for Eni to acquire a 42.5% stake in BP’s Exploration and Production Sharing Agreement (EPSA) in Libya, with an aim to boost in-country exploration and

Ghana’s government to launch natural gas, electricity powered buses

Ghana’s government is planning to launch buses powered by compressed natural gas and electricity. This according to the Akufo-Addo led government is in a bid to reduce air pollution in the country’s roads. According to Yen, the buses are environmentally-friendly and are expected to phase-out the operations of urban buses popularly regarded as

Trump urges OPEC to increase oil flow

President Donald Trump has urged the Organization of Petroleum Exporting Countries to increase the flow of oil in the market. The president took to Twitter yesterday to demand the increase.

Tanzania begins negotiations for $30bn LNG project

Tanzania’s Energy Ministry has disclosed plans to negotiate terms for developing a $30billion liquefied natural gas project with companies between April and September. According to the ministry, the negotiations are targeted towards reaching a so-called Host Government Agreement which governs the rights and obligations of parties with respect
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