Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian
National Petroleum Company (NNPC) Limited over the “failure to account for and explain the whereabouts
of the alleged missing USD$2.04 billion and N164 billion oil revenues.”
U.S. natural gas producers and shippers could be one of the big winners of the latest advances in Artificial Intelligence.
The surge in data centers amid the booming AI technology development is set to lead to higher U.S. natural demand and prices by the end of the decade, according to investment bank Tudor, Pickering, Holt & Co.
Azerbaijan has announced its first solar auction and will seek private support for the design, financing, operation and maintenance of a 100MW project in the eastern municipality of Gobustan.
Poland’s Ministry of Climate and Environment has taken into account the MinFin’s comments to the draft on the partial unfreezing of energy prices from July this year, which indicate that the cost of the law will be PLN 8.1 billion (EUR 1.88 bln), rather than PLN 6.3 billion (EUR 1.46 bln), according to the climate ministry’s response to the inter-resort consultation.
The Ministry of Energy has asked the Ministry of Interior and the Federal Board of Revenue to crack down on the rampant smuggling of Iranian petroleum products, which has already forced one refinery to shut down a unit and also threatens refinery upgrade agreements worth billions of dollars.
Diversified energy company Genser Energy commissioned a 110km natural gas pipeline to propel Ghana’s power sector and foster economic growth.
Nigeria’s state-owned oil company has warned against the panic buying of petrol, saying the prices of fuel are not changing.
The Competition Tribunal has approved the proposed acquisition of petrol station brand Engen by independent energy marketing and trading company Vitol Emerald, subject to a set of competition and public interest conditions.
Crude oil prices ticked higher today after the U.S. Energy Information Administration reported an estimated decline of 6.4 million barrels in inventories for the week to April 19.
The size of the U.S. oil and gas deals has hit a record $51 billion during the first quarter of 2024, data provider Enverus said.