OPEC Ties Output Cut Decision to Calmer Financial Markets OPEC+ will likely wait for financial markets to calm before deciding whether it needs to react to oil’s rout by cutting production, according to consultancy Energy Aspects Ltd. “It would be premature for OPEC+ to take action without first understanding what the risks are,” EA analysts,…
Minnesota Nuclear Power Plant Leaks 400,000 Gallons of Radioactive Water Xcel Energy is cleaning up a leak of 400,000 gallons of radioactive water from its nuclear power plant in Monticello, Minnesota, and there is no danger or health risk to the public. The leak occurred months ago but is only now being made public. “Xcel…
Shell Meets 2022 Climate Targets as Part of Energy Transition Shell Plc has published its Energy Transition Progress 2022, which shows it has again met its climate targets as part of its energy transition strategy. The report will be put to shareholders for an advisory vote at Shell’s Annual General Meeting on May 23, 2023….
Four Out of Six French Refineries to Stop Operations as Strikes Escalate Four out of France’s six refineries will shut down by Monday, March 20, as strikes escalate after French President Emmanuel Macron pushed through with a controversial pension reform without a vote in Parliament, refinery workers told Argus on Friday. Earlier this week, Macron…
Australia Could Divert LNG Exports to Avoid a Domestic Supply Crunch in Winter Exporters of LNG from Australia may have to offer more gas to the domestic east coast market to mitigate a potential supply risk in winter 2023, the Australian Energy Market Operator (AEMO) said on Thursday. The regulator’s gas adequacy report found that…
Saudi Arabia’s Oil Exports Hit a 3-Month High in January Saudi Arabia’s crude oil exports rose by 221,000 barrels per day (bpd) to a three-month high of 7.66 million bpd in January, data from the Joint Organizations Data Initiative (JODI) showed on Thursday. At the same time, crude oil inventories in the world’s largest crude…
NCDMB Trains 100 Youths on Solar Power Installation The Nigerian Content Development and Monitoring Board, NCDMB has concluded the training and empowerment of 100 youths on solar power installation and maintenance. The training, according to NCDMB, was aimed at contributing to the Federal Government’s goal of reducing the unemployment rate in the country, as well…
WIEN to Host 2023 International Women’s Day Breakfast Session on March 24 The Women in Energy Network (WIEN), an association of women in the Nigerian energy sector, will host the 2023 International Women’s Day Breakfast Session on March 24, 2023. This year’s event is themed, “Programmes & Initiatives for Equitable Access for Women in the…
2024: Big Oil Comes in From the Cold on Energy Transition A different type of energy transition has taken place at this year’s World Economic Forum (WEF) meeting. Unlike 2021’s COP26 climate conference in Glasgow, where oil and gas executives were personae non gratae, fossil fuel chiefs and renewable energy bosses sat cheek by jowl…
IPMAN, PETROAN Adopt PDP for Rivers Guber Election The Independent Petroleum Marketers Association of Nigeria and the Petroleum Products Retail Outlets Owners Association of Nigeria have adopted the governorship candidate of the Peoples Democratic Party (PDP) in Rivers State, Siminalayi Fubara as their preferred candidate in Saturday’s governorship election in the State. The National Public…
