Goldman Sachs analyst Neil Mehta notes Exxon Mobil’s projections, indicating higher-than-expected earnings.
Implied EPS for the quarter estimates at ~$2.15 vs. consensus closer to $2.06, showcasing positive outlook.
Oil prices closed in on the $90 a barrel mark on Wednesday after the Opec+ alliance decided to stick with crude supply cuts for the first half of the year.
Brent and WTI are set to post a more than 4% gain this week
Energy Minister, Dr. Matthew Opoku Prempeh has reiterated Ghana’s quest for more gas supply to support power generation.
This, he says, remains his top most priority as part of efforts of ensuring power stability for industrial and residential use for Ghanaians.
Dr. Prempeh emphasized the need for more gas supply and hence the need for the operational efficacy of the West Africa Gas Pipeline (WAGP).
Ukraine’s electricity system has been the target of repeated attacks by Russian forces, resulting in blackouts for about a million people. Yet the system is far from total collapse, according to the head of the country’s grid operator.
The Minister of Energy, Giorgos Papanastasiou, recently stated on RIK radio that within the week, the Renewable Energy Sources (RES) & Energy Efficiency (EE) Fund will begin sending SMS or emails to inform applicants about the pre-approval of their application for the installation of a roof photovoltaic system without initial capital, through the “Photovoltaic for Everyone” scheme.
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.
Eni, Fincantieri and RINA have signed an agreement to develop joint initiatives for the energy transition, the shipbuilding company announced in a press release.
Italian energy major Eni has renewed its membership in the MIT Energy Initiative (MITEI) as a founding member until the end of 2027. The company said in a media release that this step reaffirms its commitment to the field of low-carbon energy research.
The Nigerian federal government plans to adopt trucks and barges to transport crude oil to tackle pipeline vandalism.
This was contained in a document by the Nigerian Upstream Petroleum Regulatory Commission on “Stability in the Nigerian Energy Sector: Integrated Strategies for Infrastructure, Transportation and Security”.