Seplat Waits on Tinubu over Acquisition of ExxonMobil Nigerian Assets Seplat Energy Plc, the Lagos and London-listed company, says it is still interested in the acquisition of the Nigerian oil and gas assets of ExxonMobil Corporation. Seplat unveiled its plan to purchase the assets from ExxonMobil in February 2022, but the deal soon became held…
India Has Started Paying in Yuan for Some Russian Oil Imports Some Indian refiners have paid in Chinese yuan for part of the crude oil cargoes they have bought from Russia, sources have told Reuters, as Moscow seeks alternatives to the U.S. dollar amid the sanctions while India looks to buy crude at discounts. India…
Saudi Arabia Expected to Cut Oil Prices to Asia Saudi Arabia is expected to reduce the price of its crude oil going to Asia in August to reflect market movements, a Reuters survey of six Asian refining sources showed on Monday. Saudi Aramco, the world’s top crude oil exporter, is set to reduce the official…
Water Scarcity Could Derail Biden’s Green Hydrogen Plans Proposed green hydrogen hubs along the U.S. Gulf Coast would require a lot of fresh water in drought-prone areas, so clean hydrogen production may need costly and environmentally-damaging desalination plants, activist groups have told Reuters. As part of the Bipartisan Infrastructure Law, the Biden Administration last year…
Nigeria’s Rising Crude Oil Production Offsets OPEC’s Declining Output A survey has revealed that Nigeria’s increasing crude oil production has helped mitigate declining output from other member countries of the Organization of Petroleum Exporting Countries (OPEC). The survey by Reuters indicates that while OPEC’s crude oil output experienced a slight decline in June, rising production…
South Africa Nearing End of Daily Power Cuts, Minister Says South Africa is closer to ending daily power cuts says it’s power minister, as warmer weather returns towards the end of the year but declined to give a specific date. South Africa is on course to see its most blackout days in history this year…
Rise in Solar Provides a Ray of Hope for Dutch Green Goals A pandemic push and a subsidy surge have transformed the Netherlands from renewable energy laggard to Europe’s leading per capita user of solar panels, putting it on course to meet green goals after years of struggling. While it faces growing infrastructure challenges to…
Siemens Moves Part of Siemens Energy Holding to Pension Fund Siemens AG will transfer part of its stake in Siemens Energy AG to its pension fund, a move that will reduce the size of a looming writedown the German conglomerate will have to take on the holding following a sell-off of its shares. The shift…
NDDC Denies Awarding €56.2m Contract to Italian Firm The Niger Delta Development Commission, NDDC, has denied awarding a contract worth €56,250,000 to an Italian company, describing the reports of the contract as false. The Commission explained that the said contract did not exist in its records, neither was any of its officials aware of it….
Environmental Groups ask Norwegian Court to Halt Three Oil Developments Environmental groups said on Thursday they were demanding an immediate halt to the ongoing development of three Norwegian offshore oilfields, seeking a court injunction against the government Greenpeace and Nature and Youth said they had asked the Oslo District Court to put on hold Equinor’s…
