Warren Buffett Buys Up Even More Occidental Petroleum Warren Buffett’s Berkshire Hathaway bought additional shares in Occidental Petroleum this week, raising its stake in the U.S. oil firm to 24.4%, a regulatory filing shows. Berkshire Hathaway acquired 3,457,222 Oxy common stock this week, at around $58 per share for some $201 million. As a result…
SNEPCo to Spend $6bn on Deepwater Projects The Shell Nigeria Exploration and Production Company, SNEPCo has been projected to spend $6billion on deepwater projects in Nigeria from 2023 to 2032. The Country Chair and Managing Director of Shell Petroleum Development Corporation (SPDC), Mr Osagie Okunbor, announced this during a panel session at the fourth edition…
Algeria’s LNG Exports Rise as Europe Races to Replace Russian Gas Algeria’s exports of liquefied natural gas (LNG) rose in the first quarter of 2023 compared to the same period of 2022, and the North African producer booked the highest LNG export growth rate among the Arab countries as Europe seeks to replace Russian pipeline…
Africa’s Renewable Energy Outlook: We Must Be Pragmatic About Our Current Realities …Green solutions alone are, at present, insufficient to provide energy for the people of Africa …Renewable energy holds great promise for Africa. As more and more operators invest in the continent’s clean energy and energy transition objective, we will undoubtedly see continued growth….
Amtec Techniquip and Schneider Electric – A Training Success Story Schneider Electric and Amtec Techniquip, a South African manufacturer of quality educational engineering equipment, has in the last four years seen its partnership grow in leaps and bounds; expanding it reach beyond South Africa’s borders to include Anglophone countries such as Malawi, Mozambique and Tanzania….
C4IR Malaysia to Accelerate Green Transition, Digital Transformation The Centre for the Fourth Industrial Revolution Malaysia (C4IR Malaysia) was officially launched today by the Prime Minister of Malaysia, Anwar Ibrahim, and the President of the World Economic Forum, Børge Brende to accelerate green transition, digital transformation. C4IR Malaysia will play a crucial role in driving…
Oil Falls As Economic Concerns Offset Prospect of Tighter Supplies Oil prices slipped on Monday as concerns about fuel demand in top global oil consumers United States and China offset bullish sentiment about tightening supplies from any OPEC+ cuts and a resumption in U.S. buying for reserves. Brent crude futures fell 62 cents, or 0.84%,…
Justice for NordStream Attack Highly Unlikely Chances of finding and bringing the Nord Stream attack perpetrators to justice are negligible, according to Russian Security Council Deputy Chairman Dmitry Medvedev. He stated that Russia would nevertheless continue to work towards holding them accountable. “Of course, we will continue to employ all available legal tools to hold…
Shell Suspends Production at the World’s Largest Floating LNG Facility World’s largest trader of liquefied natural gas, Shell has halted production at Prelude LNG – the world’s largest floating liquefied natural gas facility offshore Australia – due to a trip, a spokesperson for the supermajor said on recently without giving details when production could resume….
Oil Prices Head For Fourth Weekly Drop As Demand Fears Weigh Oil prices slipped on Friday, heading for a fourth weekly decline, as renewed economic concerns in the United States and China revived concern about fuel demand growth in the world’s two largest oil consumers. Brent crude futures fell 43 cents, or 0.57%, to $74.55…