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Botswana: Tlou Energy announces drilling and operations update

Tlou Energy, developing power solutions for Botswana through gas-fired power and ancillary projects, has announced a drilling and operations update for the Company s 100% owned and operated Lesedi Power Project, located in central Botswana. ....

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Russia: PetroNeft Resources signs Heads of Terms for potential disposal of Licence 67

PetroNeft has entered into a non-binding conditional Heads of Terms to sell its entire interest in Lineynoye LLC, the subsidiary through which the Company holds its interest in Licence 67, to Pavel Tetyakov (CEO of PetroNeft) for a consideration of Rub 210million (US$2.56m at current exchange rates) plus the assumption of debt. ....

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Despite policy and technological progress, the 1.5-degree ambition is becoming increasingly difficult to achieve says Equinor

Equinor s Energy Perspectives paints the outcome space for the long-term development of the world’s energy markets. Driven by factors such as geopolitics, technology, climate and energy policy, and company and consumer behaviour, energy demand projections are made, but become increasingly uncertain the further out in time we forecast. ....

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US: DOE announces 6 million barrels for Strategic Petroleum Reserve replenishment

On June 9 U.S. Department of Energy’s (DOE) Office of Petroleum Reserves announced that contracts have been awarded for the acquisition of 3 million barrels of U.S. produced crude oil for the Strategic Petroleum Reserve (SPR). DOE also announced a new Notice of Solicitation to purchase approximately 3.1 million additional barrels of crude oil to the Big Hill SPR site this September. ....

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