TEHRAN – The capacity of Iran’s renewable power plants has increased by two percent in the first month of the current Iranian calendar year (March 21-April 20), from its previous month.
Africa Oil Corp has announced its operating and interim consolidated financial results for the three months ended March 31, 2023.
The Managing Director of Shell Nigeria Exploration and Production Company (SNEPCo), Mrs Elohor Aiboni, has expressed appreciation to the leadership of the Nigerian National Petroleum Company Ltd and the NNPC Upstream Investment Management Services (NUIMS) for the level of collaboration geared towards maximising the potential of the deepwater assets and delivering key projects to unlock value for stakeholders.
The Deputy Managing Director, Deepwater Asset, TotalEnergies Upstream Nigeria Limited (TUPNI), Mr Victor Bandele, has said the intervention of the Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd, Mr Mele Kyari has unlocked fresh 30,000 barrels per day of crude oil from OML 130.
Angola overtook Nigeria to emerge top African crude oil producer for the month of April, data from the Organization of Petroleum Exporting Countries (OPEC) has shown.
Governments worldwide are encouraging private companies to move away from fossil fuels and invest heavily in green energy and related technologies.
Copper prices this week fell to the lowest since last November on weak economic data from China. Yet the International Copper Study Group, a group of copper exporters and importers, just said it expected a deficit of the metal this year.
Crude oil started trade this week with a decline, based on Asian trade data from earlier in the day, as traders’ worry about the state of the global economy trumped any expectations of tight supply
Global energy reliability concerns are triggering a surge in oil and gas investments – but this uptick is only temporary, and service companies should capitalize now before the focus returns to the energy transition.
Middle Eastern oil producers are raising the export prices for their lower-grade crudes, Bloomberg reported earlier this week. And European buyers have no choice but to pay up—because the alternative is Russian oil, and they can’t have that.