In the News

Balancell expands its production facility tenfold and seeks government backing to support South Africa’s energy storage industry and address the nation’s energy challenges.

Oil prices fall to their lowest in over a month due to rising inventories and weak demand, with little impact from recent geopolitical and political developments.

Woodside Energy acquires U.S. LNG developer Tellurian for $1.2 billion, boosting its global LNG presence and advancing the Driftwood LNG project.

Woodside Energy buys Tellurian for $1.2 billion, enhancing its global LNG presence with the Driftwood project.

Norwegian companies lead tech-driven oil exploration in Angola, aiming to boost production with advanced drilling techniques and strategic partnerships.

Ecuador renegotiates its oil deal with ENAP, adding $90 million in investment and increasing reserves by 5.6 million barrels. The deal extends through 2035.

BPCL anticipates further reductions in oil prices from Middle Eastern producers due to dropping fuel margins, while also increasing imports of discounted Russian crude.

Oil prices surge as investors anticipate potential US interest rate cuts, sparking optimism about economic growth and increased demand for oil.

Seriti Resources progresses its Mpumalanga wind energy project, underscoring its commitment to renewable energy and transformation into a diversified energy company.

The Trans Mountain pipeline expansion has begun, but Canadian crude exports from the U.S. Gulf Coast remain steady, showing only a slight decline in June.