The countries of the Eurasian Economic Union held consultations on the common energy markets, BelTA learned from the press service of the Eurasian Economic Commission.
Multinational energy company Eni has closed a deal for the sale of some of its upstream assets with oil and gas company Perenco in the Republic of Congo.
The discovery, named Calao, stands as the second largest in the country, following the Baleine field discovered by Eni in September 2021
Eni SpA (E, Financial) recently announced a dividend of $0.52 per share, payable on 2024-04-08, with the ex-dividend date set for 2024-03-18. As investors look forward to this upcoming payment, the spotlight also shines on the company’s dividend history, yield, and growth rates.
The selection process of the African country that will host the headquarters of the future African Energy Bank is announced to be tight (Africa Energy Bank). Nigeria, Ghana, South Africa, Egypt, Algeria, Benin and Ivory Coast are currently in the running.
British oil explorer Tullow has written off $17.9 million (Sh2.41 billion) worth of its Kenyan assets on the uncertainty over their sale to a strategic investor and commercial exploitation of the Turkana oil deposits.
For decades, Saudi Arabia has been regarded as the de facto leader of OPEC and a swing-producer critical to curtailing large price overshoots in either direction. Over the past few years, the Arab nation has borne the lion’s share of OPEC+ production cuts after recently agreeing to cut 1 million barrels per day or nearly half of the group’s 2.2 mb/d in pledged cuts.
Europe’s major oil companies have started to scale back interim emission reduction targets, acknowledging that their priorities now lie with returning more cash to shareholders. And these returns come from the fossil fuel business, not from renewables.
Riding on the heels of Austria’s largest gas discovery in 40 years by Austrian OMV, junior explorer MCF Energy (TSXV:MCF; OTC:MCFNF) announced on Monday morning another potentially significant find in their maiden drill in the Austrian Alps.
It is not surprising that profits in 2023 at Saudi Arabia’s flagship company Saudi Aramco were lower than in 2022. After all, the average price per barrel of the Brent crude oil benchmark dropped just over 18% over the year – from US$100.93 to US$82.49.