In the News

Falling oil prices threaten major oil companies’ ability to maintain shareholder payouts. Firms may need to borrow or cut share buybacks in response to declining profits.

Nersa has recommended licensing four new electricity traders to improve competition in South Africa’s energy market, despite opposition from Eskom

ADNOC acquires Covestro in a €14.7 billion deal to expand into petrochemicals and green energy, marking a significant foreign investment by a Gulf state.

TotalEnergies is preparing a $10 billion investment decision for an offshore oil project in Suriname, aiming to mirror Guyana’s success and boost Suriname’s economy

The FTC has cleared Chevron’s $53 billion acquisition of Hess Corp but has barred Hess CEO John Hess from joining the board, citing potential alignment with OPEC policies that could …

U.S. oil giants Exxon, Chevron, and ConocoPhillips disclosed they paid over $42 billion to foreign governments in 2023, significantly more than what they paid in the U.S., according to new …

Minister Ramokgopa’s vision for renewable energy in South Africa faces obstacles, including grid capacity and regulatory delays. Reforms are needed to fast-track green energy.

Nigeria, rich in natural gas, struggles with severe energy shortages. Despite potential, poor infrastructure and reliance on outdated power systems have worsened the crisis.

KEY POINTS Efforts to electrify production in the U.S. oilfields are running into several obstacles, and many producers are struggling with high costs and inadequate access to the electricity network. …

Gregory Goff, an Exxon director, is leading Amber Energy in a $7.28 billion bid to acquire Citgo Petroleum, aiming to expand its refining and distribution presence in the U.S.