Oil & Gas

Rhino confirms high-liquid gas condensate discovery at Volans-1X offshore Namibia

Rhino Resources Namibia Ltd. has confirmed a significant gas condensate discovery at the Volans-1X exploration well in Block 2914A, offshore Namibia’s Orange basin. The find represents the company’s third consecutive hydrocarbon discovery on Petroleum Exploration License 85 (PEL 85), where Rhino holds a 42.5% operating interest.

Shell brings first gas from Victory Field in UK North Sea, partnering with NSMP on delivery

As one of the UK’s most significant subsea infrastructure assets, the FUKA pipeline has the capacity to carry 36 million cubic metres of gas per day. From there, Victory gas will be delivered to the St Fergus Gas Terminal in north-east Scotland, where it is processed to provide a safe and reliable source of energy to the UK economy.

Alberta Proposes New Oil Pipeline

The Premier of British Columbia said that “The problem that we have is Smith continues to advance a project that is taxpayer-funded, has no private sector proponent, is not a real project and is incredibly alarming to British Columbians, especially First Nations along the coast,” as quoted by Global News.

BlackRock Eyes $38 Billion Acquisition of Power Utility Major

Media reports on the news cited sources in the know that remained unnamed and that said the deal included AES’s substantial debt load, at $29 billion, per the Financial Times. Its market capitalization, on the other hand, was valued at $9.4 billion at the time the first reports about the talks surfaced. Later, Reuters said AES’s market cap has risen to $10.94 billion, giving the potential deal a total value of over $40 billion.