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In the News

  • In the News

    SLB Profit Rises, but Company Warns of Lower Fourth Quarter Revenue

    by Victor Adetimilehin October 19, 2024
    by Victor Adetimilehin October 19, 2024

    SLB posts a 13 percent rise in Q3 profit but warns of slower revenue growth in Q4 as weak oil prices and customer spending cuts impact the oilfield services company.

  • In the News

    Pemex Cuts Spending to Save Over $1 Billion Amid Resource Optimization

    by Adenike Adeodun October 19, 2024
    by Adenike Adeodun October 19, 2024

    Pemex announces $1.35 billion in spending cuts, prioritizing high-producing wells while deferring projects to optimize resources amid financial challenges.

  • Energy TransitionIn the News

    Africa’s Roam Air Electric Motorcycle Completes 6,000km Solar-Powered Journey

    by Ikeoluwa Juliana Ogungbangbe October 18, 2024
    by Ikeoluwa Juliana Ogungbangbe October 18, 2024

    Roam Air electric motorcycle completes a 6,000 km solar-powered journey across Africa, showcasing clean energy’s potential for sustainable transport solutions

  • In the News

    South Africa’s First Private Utility-Scale Battery Projects Reach Milestone

    by Motoni Olodun October 18, 2024
    by Motoni Olodun October 18, 2024

    The first two private utility-scale battery projects in South Africa have reached commercial close, signaling progress in the country’s energy storage development.

  • In the News

    Ukraine Calls for Stronger Nuclear Safety Amid Ongoing Conflict

    by Victor Adetimilehin October 18, 2024
    by Victor Adetimilehin October 18, 2024

    Ukraine urges intensified international efforts to ensure nuclear safety as Russia continues to occupy the Zaporizhzhia nuclear plant.

  • In the News

    Snam Plans $15.8 billion Investment to Ready Gas Grid for Green Fuels

    by Adenike Adeodun October 18, 2024
    by Adenike Adeodun October 18, 2024

    Snam plans to invest €14.5 billion ($15.8 billion) to upgrade its gas infrastructure for hydrogen and biomethane, aligning with its carbon neutrality goals by 2040.

  • In the News

    Oil Industry Struggles to Curb Gas Flaring Amid Global Pressure

    by Motoni Olodun October 17, 2024
    by Motoni Olodun October 17, 2024

    Oil and gas companies face challenges in reducing flaring, with pressure mounting from environmental regulations and global emissions targets

  • In the News

    Eskom Seeks Approval for 36.1% Electricity Price Hike by 2025

    by Ikeoluwa Juliana Ogungbangbe October 17, 2024
    by Ikeoluwa Juliana Ogungbangbe October 17, 2024

    Eskom proposes a 36.1% price hike in 2025, adding to South Africa’s economic struggles and increasing pressure on consumers and businesses

  • In the News

    US Approves $3 Billion in Sustainable Fuel Loan Guarantees

    by Victor Adetimilehin October 17, 2024
    by Victor Adetimilehin October 17, 2024

    The U.S. approves nearly $3 billion in loan guarantees to support sustainable aviation fuel production, boosting efforts to meet biofuel goals by 2050.

  • In the News

    Hurricane Impact Boosts U.S. Generator Sales as Demand Surges

    by Adenike Adeodun October 17, 2024
    by Adenike Adeodun October 17, 2024

    Generac Power Systems is responding to a surge in generator demand due to hurricanes, expanding operations and adding 400 jobs to meet the growing need for standby power in storm-affected …

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