The Russian-held Zaporizhzhia nuclear plant in Ukraine has switched to emergency diesel generators after damage to a high-voltage line cut its external power.
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In the News
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In the NewsMarketsOil & Gas
Oil Prices Hold Steady as Investors Weigh U.S.-Iran Tensions and Strait of Hormuz Risks
KEY POINTS Oil prices remained broadly stable in early Asian trading on Thursday as investors assessed the outlook for the U.S.-Iran conflict and uncertainty surrounding the movement of oil tankers …
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In the NewsOil & Gas
Nigeria’s Deep Offshore Oil Fields Could Add 1 Million Barrels Daily as New Incentives Attract Investment
KEY POINTS Nigeria could significantly increase its crude oil production from deep offshore assets following the introduction of new investment incentives aimed at accelerating oil and gas developments, according to …
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KEY POINTS The Chief Executive Officer of Seplat Energy, Engr. Effiong Okon, has urged independent oil and gas operators in Nigeria to make asset integrity a priority, warning that ageing …
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KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA has proposed new regulations aimed at preventing fuel marketers and other petroleum industry players from manipulating prices, creating artificial …
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NRG Energy has emerged as a potential bidder for the Pleasants Power Station, a West Virginia coal plant that filed for bankruptcy last month.
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In the NewsOil & Gas
Investors Commit $1bn to Dangote Refinery as $600m Placement is Completed Ahead of IPO
KEY POINTS Dangote Petroleum Refinery & Petrochemicals has secured $600 million in a completed private placement as it moves closer to a planned initial public offering (IPO). The fundraising represents …
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KEY POINTS Eskom’s former chief executive, Andre de Ruyter, has come under renewed scrutiny after the utility’s chairman, Mteto Nyati, said the executive management team was disconnected from the realities …
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About half of Venezuela’s oil output now goes to the United States, with refineries taking more than 500,000 barrels a day, a US official says.
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Oil prices hit a three-week high on Wednesday as uncertainty over shipping through the Strait of Hormuz and continuing supply disruptions supported the market.