As more than 100 vessels wait to pass through the Panama Canal, congestion on the route is driving up freight prices and other costs for shipping companies, exacerbated by a shift in oil and gas flows, research finds. Historically low rainfall levels have forced authorities to reduce the number of vessels that can travel through […]
MILAN/LONDON, Sept 4 (Reuters) – Italy’s Eni (ENI.MI) has agreed to sell its Nigerian onshore subsidiary to local company Oando (OANDO.LG), the two companies said on Monday, the latest international energy giant to divest onshore assets in the West African country.
Despite the call heard ’round the world commanding the global business community to divest from fossil fuels and shrink their carbon footprints in the name of net zero, international oil companies (IOCs) still recognize Africa as their next frontier.
Ghana on Thursday, kickstarted preparations towards its participation in the 28th Conference of Parties to the United Nations Climate Change Conference (COP28), to be held from November 30 to December 12, 2023, at the Expo City, Dubai.
Guinea-Bissau represents both a unique and highly strategic investment opportunity. As a relatively undeveloped energy market, the country is positioned in close proximity to large-scale oil and gas developments in neighboring Senegal and Mauritania.
UAE oil giant ADNOC — run by the president of the COP28 climate conference — is expected to spend more than $1 billion every month this decade on fossil fuels, according to new analysis by international NGO Global Witness.
U.S. energy firms this week cut the number of active oil and natural gas rigs for an eighth week in a row, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.
Becoming a more sustainable airline on our journey to net-zero emissions by 2050 is both an imperative for the health of our planet and Delta’s long-term business success
Eni SpA E commenced hydrocarbon production from the Baleine field offshore Cote d’Ivoire within two years of the commercial discovery
Oil and gas companies, Tullow Oil and BW Energy which have active operations in Gabon, have said there have been no disruptions to their oil production activities following the August 30 coup which occurred in Gabon, after the military took overpower from Ali Bongo, whose family has been in a “democratic” government for the last four decades.