Global Energy Archives — City Business News

April 23, 2024 No Responses

TotalEnergies Acquires Stake In Gas Firm With $530m

TotalEnergies has signed an agreement with Sapura Upstream Assets Sdn Bhd (SUA) to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn (SapuraOMV) for a consideration of $530 million, subject to closing adjustments. Closing for the...

March 29, 2024 No Responses

TotalEnergies At 100, Reflects On Operations

With over 00,000 employees in 120 countries worldwide, TotalEnergies on Thursday, March 28th, 2024 celebrated its 100th anniversary of the Company’s creation. TotalEnergies’ 100-year history tells the story of the world and energy, from the 1920...

February 5, 2024 No Responses

NCDMB Parleys Chevron, To Fast-Track Approvals For Oil Industry Projects

The Nigerian Content Development and Monitoring Board (NCDMB) has restated its commitment to accelerated approvals of requests and documents submitted to it by operating oil and gas companies. According to NCDMB, the goal is to ensure speedy developm...

February 5, 2024 No Responses

Seplat Energy Bags Outstanding Energy Company Award

Seplat Energy Plc has been named as the Outstanding Energy Company for 2023 by New Telegraph Publishing Company Limited, publishers of the New Telegraph Newspapers. The Company emerged as the winner at the award ceremony held weekend in Lag...

January 11, 2024 No Responses

TotalEnergies Increases Stake In Offshore Blocks 2913B, 2912

TOTALENERGIES has signed an agreement to acquire from Impact Oil and Gas Namibia (Pty) Ltd an additional 10.5% participating interest in block 2913B and an additional 9.39% participating interest in block 2912, both operated by TotalEnergies in Namibia. TotalE...

November 9, 2023 No Responses

Russia-Ukraine Crisis Takes Toll On Nigeria’s Crude

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has provided insight into how the lingering conflict between Russia and Ukraine has impacted Nigerian crude oil inflows in the international oil market, leading to a dip in demand from the once-depend...

October 3, 2023 No Responses

OPEC Chief Warns Of Prolonged High Prices

The price of oil will continue to stay elevated as demand for energy increases, says the secretary general of Opec+. Opec+ is a group of 23 oil-exporting countries which decides how much crude oil to sell on the world market....

September 29, 2023 No Responses

Oil Prices Fall As Russia, Saudi Arabia Boost Supply

Oil prices fell in early trade on Friday after a recent rally, as profit-taking and expectations of supply increases by Russia and Saudi Arabia outweighed forecasts of positive demand from China during its Golden Week holiday. Reuters report that Brent.....

August 22, 2023 No Responses

LNG’s Plant Strike Push-Up Gas Price

The prospect of a possible strike at a Liquefied Natural Gas (LNG) plant in Australia has pushed wholesale gas prices up in Europe. The Offshore Alliance union warned that a strike at the North West Shelf facility could start as...

May 12, 2023 No Responses

Oil Falls On Weak US, Chinese Data

Oil prices fell about two per cent to a one-week low on Thursday as a political standoff over the U.S. debt ceiling stoked recession jitters in the world’s biggest oil consumer, while rising U.S. jobless claims and weak Chinese economic...

April 14, 2023 No Responses

OPEC Predicts 2m Barrels Per Day Shortfall By Year End

The oil market is heading for a significant shortfall of around two million barrels per day at the end of the year as a result of a production cut by major producers. The Organisation of the Petroleum Exporting Countries (OPEC)...

March 15, 2023 No Responses

OPEC Raises Chinese Oil Demand Growth Forecast

The Organization of Petroleum Exporting Countries (OPEC) on Tuesday further raised its forecast for Chinese oil demand growth in 2023 due to the relaxation of the country’s COVID-19 curbs, although it left the global total steady, citing potential downside r...

February 28, 2023 No Responses

Shell, Hapag-Lloyd Seal LNG Deal

German liner major. Hapag-Lloyd has signed a multi-year agreement for the supply of Liquefied Natural Gas (LNG) with Shell Western LNG B.V (Shell). The LNG is intended for Hapag-Lloyd’s twelve ultra-large dual-fuel container vessels currently under construct...

February 13, 2023 No Responses

Oil Falls On Demand Concerns

Oil prices eased on Monday morning after rising 2% in the previous session as investors shrugged off the impact of Russian output cuts, instead focusing on short-term demand concerns stemming from refinery maintenance in Asia and the United States. ...