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Net profit of Slovenia’s Petrol soared to €95mn in January-September
Abu Dhabi’s ADNOC launches fresh non-binding offer to acquire controlling stake at Brazil’s Braskem
Latin America could play ‘outsize role’ in green energy transition
Guyana's EPA introduces offloading measures for Payara FPSO
Guyana’s Environmental Protection Agency (EPA) has put in place a series of measures to guide the offloading procedures of the Prosperity floating production storage and offloading (FPSO) operated in ExxonMobil’s Payara offshore project.
All eyes on Turkmenistan's methane emissions
Turkmenistan, blessed with ample natural gas reserves but cursed with insufficient access to markets, has for decades been trying to advance ambitious pipeline projects to supply its resources to Asia and Europe.
US oil majors to continue betting big on oil
“We’re going to recover more oil at a lower cost, which is good for the US economy.” This was according to Exxon Mobil chairman and CEO Darren Woods when asked recently about the supermajor’s planned purchase of Pioneer Natural Resources.
Canada regulator halts work on section of Trans Mountain, WCS-WTI differential is wider amid delays
The Canada Energy Regulator (CER) has ordered Trans Mountain Corp. to halt work on a small section of the Trans Mountain pipeline because of environmental and safety issues in a wetland in British Columbia.
Judge rejects legal challenge to ConocoPhillips’ Willow
A federal judge has ruled that ConocoPhillips’ vast Willow oil project on the North Slope of Alaska can proceed.
NorthAmOil: Judge rejects legal challenge to ConocoPhillips’ Willow
Crescent Point to acquire Montney-oriented Hammerhead for $1.85bn
Crescent Point Energy will acquire Hammerhead Energy, an oil and liquids-rich Alberta Montney producer, for $1.85bn.
BlackRock to invest in Occidental direct air capture project in Texas
Private equity firm BlackRock is to invest in Occidental Petroleum’s direct air capture (DAC) project in Texas, a decarbonisation technology.
Renewable-diesel unit started up at Chevron’s El Segundo refinery
Chevron Lummus Global has finished the conversion and start-up of a diesel hydrotreater for producing renewable fuels at its El Segundo refinery near Los Angeles. The refinery can also still produce conventional diesel.
AfrElec: Eskom's costly logo design tender draws sharp criticism
DEPA in talks with Gazprom on 2024 gas supply
Greek state gas company DEPA Commerce is in talks with Russia’s Gazprom on determining terms and pricing for gas supplies next year.
What is pushing oil price down?
The price of crude oil has fallen 6.6% in the week ending November 10, with Brent closing below $80 a barrel for the first time since July. Only a few months ago analysts were predicting triple-digit prices. Now that looks like a dream.
EU lawmaker seek ban on Russian LNG imports
EU lawmakers are pushing for the bloc to impose a ban on Russian LNG and LPG supplies as they debate the next package of sanctions against the country.
Eni, Saipem team up on biofuels production
Eni last week forged a strategic partnership with fellow Italian company Saipem to develop its biofuels business.
Equinor seeks to sell 20% of UK Rosebank field
Norway’s Equinor is preparing to divest a 20% stake in the Rosebank oilfield in the UK North Sea.
Atlantic Lithium expands Ghana’s Ewoyaa project by 8,000 metres
Stellantis invests $90mn in Argentina Lithium and Energy
Dutch automaker Stellantis has invested the equivalent of $90mn in Argentine pesos in the Argentinian subsidiary of the Canada-based Argentina Lithium and Energy.
Kinder Morgan to buy NextEra Energy Partners' south Texas gas pipelines for $1.8bn
Kinder Morgan (KMI), the US pipeline operator, said it will buy NextEra Energy Partners’ gas pipelines in southern Texas, STX Midstream, for $1.82bn. The deal is expected to close in the first quarter of 2024.
Brazil heads to COP28 with ambitious climate agenda
Brazil aims to showcase at the UN's COP28 climate summit in Dubai recent achievements in combating deforestation and shed its previous image as a pariah in global environmental discussions
What is pushing oil price down?
The price of crude oil has fallen 6.6% in the week ending November 10, with Brent closing below $80 a barrel for the first time since July. Only a few months ago analysts were predicting triple-digit prices. Now that looks like a dream.
Brazil's lithium valley experiences boom to tap into growing demand
The south-eastern state of Minas Gerais in Brazil has become a focal point for lithium mining companies, driven by the surging demand for the mineral amid the rise of renewable energy technologies, Argus reported.
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