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Norway’s Ministry of Energy has announced two areas in the North Sea for applications related to CO2 injection and storage on the Norwegian continental shelf.

‘I am very pleased that several companies want storage areas for commercial storage of CO2 on the Norwegian continental shelf. We have developed a system that provides good access to promising areas. Today’s announcement for applications is another step on the road towards making Norway a central arena for CO2 storage as an important climate measure for Europe’, said Minister of Energy Terje Aasland.

The Republic of the Congo has joined the ranks of African liquefied natural gas exporters as it shipped its first LNG cargo to Europe, marking the start of a new era for the central African nation’s energy industry.

Aliko Dangote is reportedly in the process of establishing an oil trading division, potentially situated in London, aimed at managing the crude and product supply chain for his upcoming refinery in Nigeria, according to six informed sources who spoke to Reuters.

TotalEnergies and its partner QatarEnergy have boosted their positions in the South African portion of the prolific Orange Basin by farming into offshore Block 3B/4B, the two companies announced March 6.

Tullow Oil has announced a significant liquidity headroom of $700m and a reduction in capital expenditure (capex) for 2020, reflecting its strategic adjustments in response to the volatile external environment. The company has successfully completed the bi-annual redetermination of its reserves-based lending (RBL) credit facility, securing a $1.9bn debt capacity approved by its lending syndicate. This financial maneuvering comes as Tullow aims to navigate through the challenging market conditions exacerbated by COVID-19 and the resultant oil price collapse.

OPEC+ may have put a floor under crude prices by extending oil supply cuts for another quarter, but the group will soon face a more grueling test.