KEY POINTS In an effort to reduce their holdings while maintaining firm control over the North Sea oil and gas producer, Italian oil giant Eni SpA and Israeli investment firm …
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In the NewsOil & Gas
NNPC, TotalEnergies Ink Landmark Deepwater Deal as Nigeria Opens Oil, Gas Frontier
KEY POINTS The most important deepwater oil and gas deal in over ten years was signed by Nigeria with France’s TotalEnergies and local partner South Atlantic Petroleum, Sapetro, in a …
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KEY POINTS The first time an international oil company has obtained acreage through a competitive bid round in Africa’s largest crude producer in over a decade, French energy giant TotalEnergies …
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Energy TransitionOil & Gas
TotalEnergies Secures Congo Offshore Exploration Block With QatarEnergy Stake
KEY POINTS TotalEnergies SE has been awarded rights to explore a new offshore block in the Republic of Congo, expanding its footprint in the central African nation where it already …
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KEY POINTS Oil prices rose on Monday, lifted by a weaker U.S. dollar and mounting supply concerns tied to intensifying Russian and Ukrainian airstrikes on energy infrastructure. Brent crude climbed …
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KEY POINTS ExxonMobil has directly attacked Europe’s decarbonisation strategy, claiming that the EU‘s excessive reliance on expensive climate mandates and regulations has hurt competitiveness in its industrial core. According to …
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KEY POINTS “The Nigerian National Petroleum Company Ltd., NNPC, is facing coordinated pushback from vested interests opposed to its sweeping transformation drive,” said Bashir Bayo Ojulari, head of Nigeria’s state …
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In the NewsMarkets
Eskom Wins $3.1 Billion Tariff Dispute, Clearing Path for Steeper Power Price Hikes
KEY POINTS Following a multibillion-rand settlement with the country’s energy watchdog, South Africa’s troubled power utility Eskom Holdings SOC Ltd. has obtained regulatory approval to raise electricity tariffs by more …
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KEY POINTS Brazil’s state-controlled energy giant Petrobras is weighing a return to Nigeria’s upstream oil sector, signaling renewed interest in deepwater and ultra-deepwater exploration as Africa’s largest crude producer courts …
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KEY POINTS The Tanzanian government and Japan’s JGC Holdings Corp. have inked a memorandum of understanding to exchange technical know-how and aid in the development of Tanzania’s enormous offshore natural …