Biggest Oil and Gas Sector Deals since Start of the Century U.S. energy major Exxon Mobil said it would acquire Pioneer Natural Resources in a deal valued at $59.5 billion to more than double the company’s presence in the Permian Basin, the largest shale play in the U.S. Once completed, it would be Exxon’s biggest…
Development of energy storage systems through batteries, hydrogen, others ‘ll enhance availability of renewable energy —Air Products MD Rob Richardson Rob Richardson is the Managing Director of Air Products South Africa (Pty) Ltd. He has managed a diverse business portfolio including air separation plant operations, Hydrogen separation systems and Carbon Dioxide production facilities, etc. Richardson…
Oil Tracks Global Equities Higher, IEA Demand Downgrade Weighs Oil prices rose about 1% on Thursday, reversing earlier falls, on expectations that U.S. interest rates had peaked, but a lower demand growth forecast for next year from the International Energy Agency and higher U.S. inventories limited further gains. Brent futures rose $1.01, or 1.20%, to…
Sheffield: Oil Prices Will Spike If Iran Jumps Into Hamas-Israel Conflict Pioneer Natural Resources CEO Scott Sheffield has warned that while oil prices have given up their brief rally following Hamas’ attack on Israel over the weekend, prices could soar significantly if Iran becomes directly involved in the conflict. “If Iran enters the war,…
White House Plans New Sanctions on Russian Oil Exports The Biden administration is set to announce today new sanctions on Russia targeting specifically its oil exports after multiple reports that Russian crude was selling at a significant premium to the G7 price cap of $60. CNN reported that the target of the new set of…
‘Gas has to be the Main Driver of Nigeria Energy Transition’ –Nwokedi Giving his views on energy transition while speaking at a panel session during the 2023 annual strategic international conference of the Association of Energy Correspondents of Nigeria (NAEC) held in Lagos, President of Nigeria Gas Association (NGA), Akachukwu Nwokedi, revealed that many Nigerians…
‘Nigeria Maritime Industry One of the Fastest Growing In Africa’ The Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Bashir Jamoh, Monday declared the country’s maritime sector as one of the fastest growing on the African continent. Jamoh, who stated this today during the interactive session by the Senate Committee on…
Goldman Sachs Sees No Immediate Impact on Oil Inventories From Israel Attacks Goldman Sachs does not see any immediate major effect on near-term oil market inventories from the attacks in Israel over the weekend, it said in a note. It added, however, that the attacks reduce the likelihood of normalization of the country’s relations with…
Australia LNG Unions Threaten Fresh Strikes Next Week, Chevron says Deal Possible Chevron has asked Australia’s industrial tribunal to help resolve a “small number” of issues blocking a deal with unions at its two liquefied natural gas (LNG) facilities in Western Australia as workers announced plans to resume strikes next week. Chevron said on Monday…
Shell Nigeria Invests $56.13m for Trust Funds in 2023 Shell companies in Nigeria (SCiN), plans to spend about $56.13 million has been earmarked to be paid in this financial year, as a statutory contribution to the Host Communities Development Trusts (HCDT). The amount, which will be paid by two of its subsidiaries – The Shell…