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  • Pemex refinery explosion injures seven

    20 April 2021

    An explosion at a Petroleos Mexicanos (Pemex) oil refinery in the city of Minatitlan, eastern Mexico injured seven people on April 7. The incident is reported to have occurred in a transfer pump house....

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  • Sinopec's first green bond issuance

    14 April 2021

    On April 2, China Petroleum & Chemical Corporation successfully issued a "green bond" for the first time. The equity-funded carbon neutral bond issuance scale is 1.1 billion yuan (£122m) and the issuance period is 3 years. The raised funds will be used in the company's green projects such as photovoltaics, wind power, and geothermal. This is also the first carbon neutral bond issued by a domestic oil and gas company in China....

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  • UK Government to allow North Sea oil and gas exploration in return for carbon emission cuts

    30 March 2021

    The UK Government announced a deal with the oil and gas industry on March 24 that would allow the continuation of oil and gas exploration in the North Sea as long as oil drillers pass a “climate compatibility” test. The North Sea Transition Deal will see the government help the oil and gas industry cut its carbon emissions through a joint investment of up to £16 billion while supporting up to 40,000 jobs....

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  • Refinery fire injures five in Indonesia, hundreds evacuated

    29 March 2021

    An oil refinery fire in West Java, Indonesia on March 29 injured five people and forced the evacuation of hundreds of local people. The blaze at Indonesian state oil company Pertamina’s Balongan refinery burnt through the night and could be seen from several miles away....

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  • INEOS Energy sells its Norwegian oil and gas business to PGNiG for $615m

    26 March 2021

    INEOS Energy has announced an agreement with PGNiG Upstream Norway to sell its oil and gas business in Norway in a deal worth $615 million. The deal includes all INEOS Oil & Gas interests in production, licenses, fields, facilities and pipelines, on the Norwegian continental shelf....

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UK's Tank Storage Association appoints new President and Vice-President 25 March 2021

Adrian Jackson, Chief Executive of the Oil and Pipelines Agency, has been elected as the new President of the Tank Storage Association, the trade association representing all aspects of the UK’s bulk liquid storage industry and associated logistics. Adrian succeeds Paul Denmead, Director of Terminal Operations UK at World Fuel Services Europe....

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Gas pipeline explodes in Venezuela, Oil Minister blames “terrorist attack” 23 March 2021

An explosion occurred on part of a gas pipeline in eastern Venezuela on March 20, according to a report from the state oil company Petroleos de Venezuela (PDVSA). The country’s Oil Minister Tareck El Aissami blamed the explosion on a “terrorist attack” but did not provide further details....

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INEOS Energy to acquire all oil and gas interests from Hess 22 March 2021

INEOS Energy has reached an agreement with Hess to acquire its subsidiary Hess Denmark for $150 million, effective 1 January 2021. INEOS said this is the first deal to be announced following the formation of the new INEOS Energy business, which incorporates INEOS’ Oil and Gas business....

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China increases efforts to explore and develop shale oil 01 March 2021

The National Energy Administration of China recently held the 2021 shale oil exploration and development promotion meeting in Beijing to summarise the progress of the previous shale oil exploration and development work, study the next stage of research targets, work priorities and main measures, and make every effort to accelerate the development of shale oil exploration and development....

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Fuel tanker explosion on Afghanistan-Iran border injures at least 60, extinguished after three days 16 February 2021

A fuel tanker explosion at a border crossing in western Afghanistan injured around 60 people on February 13. The incident happened in the province of Herat on the Iranian border and was eventually extinguished on February 16 after firefighters from both Afghanistan and Iran fought the blaze....

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