Tuesday’s Piazza Affari continued trading in the green — with the point bar above 38,800 — after the prolonged Easter break, awaiting important economic data including the U.S. JOLTs report later in the week for more clues on what might be the next moves by central banks.
‘Right strategy, wrong price’. That’s the headline from a research note penned by American investment bank Stifel on Ithaca Energy PLC (LSE:ITH)’s proposed acquisition of North Sea assets from Italian oil giant ENI for an estimated $1.1 billion.
Commissioner for Energy Kadri Simson is in Australia until 8 April to engage with government representatives and stakeholders to enhance bilateral cooperation in the field of energy. The EU and Australia have a longstanding cooperation, both bilaterally and in multilateral fora, including on climate change and the energy transition. Most recently, Australia joined the Global Pledge to triple renewable energy capacity spearheaded by the EU at COP28.
Dagang NeXchange Bhd’s (DNeX) UK upstream oil and gas arm Ping Petroleum UK plc (Ping UK) has added three more North Sea oilfield licences to its portfolio.
The Federal Government has disclosed that Nigeria now produces crude oil from over 246 fields across the country and operates 188 production stations/platforms.
Wind and solar PV-storage hybrid project projects involving more than US$700mn in investment were for filed for environmental review in Chile in recent days.
Kyrgyzstan aims to venture into nuclear energy for electricity production, Azernews reports, citing Kyrgyz Deputy Energy Minister Taalaibek Baigaziev telling at the ATOMEXPO-2024 forum in Sochi, Russia.
Tullow has affirmed its commitment to Ghana’s socio-economic growth through its operations in the country. The UK-based multinational oil and gas company currently operates the two main oil fields in Ghana – Jubilee and TEN. Together with its partners, Kosmos Energy, Ghana National Petroleum Company (GNPC), Petro SA and Jubilee Oil Holdings Limited (JOHL), they have invested close to $19 billion into the country since 2010 and delivered $6 billion in revenues to the government in that same period.
The Libyan National Assembly of Parties (LNAP) has levelled accusations against the Government of National Unity (GNU), alleging they ousted Oil and Gas Minister Mohammed Aoun to push through controversial oil agreements.
Eni, Fincantieri and RINA have signed an agreement to develop joint initiatives for the energy transition, the shipbuilding company announced in a press release.