In a courtesy meeting with the newly appointed Minister of Energy and Green Transition, Dr John A. Jinapor, AETC Founder and President, Emelia Akumah, along with Board member Tony Burkson, engaged in discussions with the Minister, his Deputy Richard Gyan-Mensah( Designate), and the Chief Director Mrs Wilhelmina Asamoah.
The Venezuelan JV “was structured through an indirect 40 percent equity participation in Vencupet SA, facilitated via GoldPillar International SPC Ltd. (‘GP’), a British Virgin Islands-based fund that holds 40 percent of Vencupet”, NSE said in an online statement. Petroleos de Venezuela SA (PDVSA) holds 60 percent of Vencupet.
China’s diesel demand likely peaked in 2019, with gasoline consumption cresting in 2023, Ma Yongsheng, chairman of the nation’s top refiner Sinopec Group, said Wednesday. Still, the nation’s overall oil consumption hasn’t peaked yet, he said, and that’s down to rising demand for chemicals products.
Trump delivered on his threat to hit Canada and Mexico with sweeping import levies and doubled an existing charge on China, sparking swift reprisals that threaten to reduce global economic growth and curtail energy demand. The moves come a day after OPEC+ said it would increase output after repeated delays, a decision that surprised a market already weighed down by expectations for a surplus later this year.
BP’s slide and the drop in crude prices complicates a bet by Elliott Investment Management, which has bought up around 5% of BP. The activist investor has been ramping up pressure on BP after its new strategy fell short of its expectations, people with knowledge of the matter said.
Jim Krane, a Research Fellow at Rice University’s Baker Institute, told Rigzone in a separate exclusive interview on Tuesday that prices are a bit more sensitive now because so much gas in storage was burned up to keep Americans warm during the cold snap.
In January, Shell announced Andrew Smith’s promotion to lead the trading and supply arm and elevated him to the committee, signaling the unit’s increasing importance to the energy giant. Machteld de Haan is also due to join the committee as the leader of downstream, renewables and energy solutions.
U.S. water, wastewater, and natural gas utility company Essential Utilities Inc. has reported a net income of $184.7 million for the fourth quarter of 2024, versus $135.3 for the corresponding period a year earlier. Essential’s net income for full-year 2024 was $595.3 million, above the $498.2 million for 2023.
Vermilion in September 2024 brought five wells online in its Mica Montney asset from the 9-21 pad drilled and completed in the same year. The wells produced at an average IP30 rate of over 1,000 boepd per well, consisting of 52 percent liquids. The total drill, complete and tie-in cost for the 9-21 pad was approximately CAD 9.6 million per well
The Trump administration imposed a 25% import levy on all Mexican imports, beginning Tuesday, along with a 25% tariff on all Canadian imports excluding energy, which got a discount of 15% for a 10% tariff rate.