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  • In the News

    Marathon Petroleum Q3 Profit Surges, Expands Buyback Program

    by Adenike Adeodun November 6, 2024
    by Adenike Adeodun November 6, 2024

    Marathon Petroleum’s Q3 profit beats expectations, bolstered by high throughput. The company announces a $5 billion increase in its share buyback program.

  • In the News

    Carbon Trading and Its Potential in Africa

    by Adenike Adeodun November 5, 2024
    by Adenike Adeodun November 5, 2024

    Carbon trading offers Africa a pathway to sustainable development by monetizing its vast natural resources and promoting environmental conservation.

  • In the News

    Major Investment Trends and Future Opportunities

    by Adedotun Oyeniyi November 4, 2024
    by Adedotun Oyeniyi November 4, 2024

    Renewable energy investment is increasing in Africa, supported by rising demand, climate commitments, and technological advancements

  • In the News

    Canada Set to Unveil Emissions Cap for Oil and Gas Sector

    by Adenike Adeodun November 4, 2024
    by Adenike Adeodun November 4, 2024

    Canada is preparing to announce its long-awaited emissions cap for the oil and gas sector, aiming to cut greenhouse gas emissions by up to 38 percent by 2030, while addressing …

  • In the News

    Exxon, Chevron Outperform Q3 Profit Forecasts as U.S. Oil Hits Record

    by Adenike Adeodun November 3, 2024
    by Adenike Adeodun November 3, 2024

    Exxon and Chevron beat third-quarter profit expectations, fueled by record U.S. oil output. With focused expansion in oil and gas, both firms outshone European rivals betting on renewables, setting new …

  • In the News

    Canadian Natural Scales Back Gas Drilling Amid Price Slump

    by Adenike Adeodun November 1, 2024
    by Adenike Adeodun November 1, 2024

    Canadian Natural Resources cuts back on natural gas drilling in response to weak prices, focusing instead on oil sands production and recent acquisitions to reinforce its asset base.

  • In the News

    UK Raises North Sea Windfall Tax to Fund Renewables

    by Adenike Adeodun October 31, 2024
    by Adenike Adeodun October 31, 2024

    The UK government has raised the North Sea windfall tax to 38 percent, extending the levy to March 2030 to support renewable energy projects, drawing both investor optimism and industry …

  • In the News

    BP Profits Plunge Amid Low Oil Demand, Refining Weakness

    by Adenike Adeodun October 30, 2024
    by Adenike Adeodun October 30, 2024

    BP’s third-quarter profits hit a four-year low at $2.3 billion, as declining oil demand and weak refining margins weigh on the energy giant. Rising debt levels and a strategic pivot …

  • In the News

    Africa’s Role in Global Lithium Supply Chains

    by Adenike Adeodun October 29, 2024
    by Adenike Adeodun October 29, 2024

    Africa’s abundant lithium reserves are essential to the global clean energy transition, with investment focused on processing and overcoming infrastructure gaps.

  • In the News

    South Korea Eyes Additional Oil Tax Cut Amid Price Risks  

    by Adenike Adeodun October 28, 2024
    by Adenike Adeodun October 28, 2024

    South Korea considers further oil tax cuts as global oil markets face potential disruptions from Middle East tensions.

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