TotalEnergies is selling non-operated Norwegian oil assets to Vår Energi and Orlen while keeping a long-term presence in the Greater Ekofisk Area
In the News
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The EU will halve steel import quotas and lift tariffs to 50 percent, moving in step with U.S. and Canadian trade measures
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In the NewsOil & Gas
Nigeria Boosts Dangote Refinery Crude Supply to Shield Economy as Oil Prices Soften
KEY POINTS Nigeria is leaning more heavily on its massive Dangote Refinery to buffer the economy from sliding oil prices and mounting supply in global markets, extending crude supply commitments …
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KEY POINTS Nigeria’s most powerful oil union has agreed to call off a strike that threatened to upend fuel supply in West Africa, after government officials stepped in to mediate …
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KEY POINTS Italian oil and gas major Eni SpA is preparing to sign off on a long-awaited final investment decision (FID) for Mozambique’s Coral North liquefied natural gas project, setting …
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KEY POINTS The Dangote Group has agreed to redeploy more than 800 workers dismissed by its flagship petroleum refinery after days of high-stakes talks with Nigeria’s powerful oil workers’ union …
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KEY POINTS Oil prices slid for a second straight day as traders braced for another production increase from OPEC+ and the resumption of Kurdish crude exports via Turkey, fueling expectations …
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Energy TransitionIn the News
Eskom Chair Vows Inflation-Linked Tariffs as Utility Seeks R112bn Cost Cuts
KEY POINTS South Africa’s state-owned power utility Eskom is shifting its focus from stabilising electricity supply to tackling affordability, with chairperson Mteto Nyati saying future tariff hikes must be brought …
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ExxonMobil’s Darren Woods met Mozambique’s president to seek security assurances before approving a $30 billion gas terminal in Cabo Delgado
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In the NewsOil & Gas
Dangote Refinery, PENGASSAN Talks Collapse After Nine Hours; Talks Resume at 2 p.m
KEY POINTS Nigeria’s attempt to broker peace between the Dangote Petroleum Refinery and one of the country’s most powerful oil unions ended without a deal after nine hours of negotiations, …