The institution “will be a cornerstone for financing and advancing energy projects across Africa,” said Nigeria’s oil minister.
British energy major Shell has announced that its expects to report up to $2bn in impairments in its upcoming second-quarter earnings.
ADNOC has entered into a $3bn green financing facility with the Japan Bank for International Cooperation (JBIC).
Bolivian government’s oil and gas company YPFB is making efforts to revitalise the nation’s energy sector by improving investment conditions.
Rosneft and Lukoil are set to significantly decrease their oil exports from the Black Sea port of Novorossiisk in July, reported Reuters.
Labour will now need to put its oil and gas manifesto commitments into practice, and Offshore Technology looks at those election promises.
Saudi Aramco and ADNOC are examining the prospect of bidding for Australian gas producer Santos, reported Bloomberg, citing sources.
US shipments to Europe have fallen again in June, reaching a two-year low in June.
Weekly average gasoline prices in the US have dropped by 19 cents per gallon since reaching a high in April.
GlobalData argues growing demand for energy and petrochemicals, and ongoing energy security concerns, could prompt rising oil demand to 2030.
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We are a niche consulting company providing services to the oil & gas, renewable energy, and decarbonization sectors.
