Cameroon’s electricity sector is facing a major challenge as its main power distributor, Eneo, struggles with debts and liquidity problems, while its majority shareholder, Actis, plans to sell its stake …
As renewable energy gains momentum, oil companies are shedding costly assets and focusing on low-cost projects that can survive price swings. The oil industry is facing a year of big …
Brazil’s state-run oil company Petrobras has reached an agreement with Abu Dhabi’s sovereign investor Mubadala to take back control of a refinery in Bahia, while also partnering with the fund …
Diamondback Energy, a U.S. oil producer, announced on Monday that it will acquire Endeavor Energy Partners, a privately held rival, in a cash-and-stock deal worth $26 billion. The deal is …
The Middle East and North Africa (MENA) region is expected to see slower economic growth in 2024 due to oil production cuts and the escalating conflict in Gaza, the International …
Canadian oil producers still face pipeline woes despite the completion of the Trans Mountain Expansion project.
US oil refiners posted strong earnings in the fourth quarter of 2023, thanks to favorable crude prices, high refining margins, and robust global demand for fuels. Analysts expect the positive …
Oil and gas giants are paying out more money than ever to shareholders, but that’s not enough to restore their appeal in a world shifting to cleaner energy sources. The …
The US oil industry is facing a slowdown in production growth in 2024, according to a report by the US Energy Information Administration (EIA). The EIA predicts that US crude …
The US government has sought to calm the concerns of its allies over the future of liquefied natural gas (LNG) exports, amid a pause on new approvals by President Joe …
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