Oil trade between China and Iran has hit a roadblock as Tehran ceased shipments, seeking higher prices from its primary customer, reported Reuters, citing sources.
Category: Oil & Gas
Mid-East Tensions Continue To Support Oil
Oil prices are set to finish this week with a slight gain after Middle Eastern tensions helped recoup losses after US inventory data. Despite a hefty 5.5-million crude stock draw, believed to be the usual year-end clearing of inventory to minimize ad valorem inventory taxes, the immediate reaction was a slight downward correction after both […]
Nigerian Independent Oranto Petroleum Extends its Ugandan Exploration Licenses
Abuja, Nigeria// — Oranto Petroleum (http://Atlas-Oranto.com), a Nigerian independent energy company founded by Prince Arthur Eze has, on 22 December 2023, been granted a two-year exploration license extension to its Ngassa Deep and Ngassa Shallow exploration contract areas in Uganda.
Oil Prices Gain Ahead Of Christmas
Trading liquidity has evaporated with Christmas being just around the corner and Angola’s sudden parting ways with OPEC failed to swing oil prices in any direction.
Sub-Saharan Africa: Top 5 Service Contracts Awarded to European Companies
Paris, France, December 21, 2023/ — New offshore projects in Ivory Coast, Angola and the Republic of the Congo (ROC) have created lucrative opportunities for European service providers, who offer the latest technologies in drilling, engineering and subsea services.
THE GHC 3 BILLION LIE: Government Pays Hundreds of Millions to Company in a Shady Deal
In a control room in Tema in the Greater Accra Region, officials of Strategic Mobilisation Ghana Limited (SML) tried to convince The Fourth Estate of its wild claims that it had helped to save Ghana billions of cedis that would have been lost in the downstream petroleum sector but for its intervention.
Have Reports Of Oil’s Death Been Greatly Exaggerated?
The International Energy Agency predicts a terminal decline for coal, oil, and gas by 2030, challenging dominant climate narratives. Despite the predictions, oil profits are soaring, and supermajors like Chevron and Exxon Mobil are increasing investments in fossil fuel extraction. Contradictions have arisen at COP28, where oil-funded climate talks discuss phasing down fossil fuels, while […]
COP28 Must Answer the Call for a Fossil Fuel Phase-out
As COP28 resumes for a second week, negotiators will be faced with answering the call for a commitment to a Fossil Fuel Phase Out in Dubai. Never before have we heard so many voices, coming from so many directions to seize the moment and commit to phasing out oil, coal and gas. And never before […]
African Nations Must Reject Promises of Aid and Handouts to Abandon Their Oil and Gas As COP28 Wraps Up
There was an era when Africa and Western pop music were closely linked. Western entertainers spearheaded several internationally renowned events to raise awareness about the plight of starving Africans and generate funds for famine relief.
5 Reasons to Attend Invest in African Energy 2024 in Paris
France// — Returning to Paris next May for its second edition, Invest in African Energy (IAE) 2024 is an exclusive forum designed to foster collaboration between European investors and African energy markets.