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Mining
Global oil market turns local amid Red Sea unrest
Oil market appears more localised, as the ongoing Red Sea unrest and rising freight rates made supplies from closer…
Shell revenues drop to 30% in ’23
Shell reported 2023 revenues of $28 billion, down 30 per cent from the previous year's record, due to the decline…
US pause on LNG export raises Japan’s concerns over new projects
The temporary suspension of US export licenses raised Japanese concerns that the launching of new LNG facilities in…
Saudi Aramco requested to cut max capacity target back to 12 mbpd
Saudi Aramco said on Tuesday it was directed to lower its planned maximum sustainable oil production capacity from…
QatarEnergy, Excelerate Energy sign LNG supply agreement
QatarEnrgy and U.S. Excelerate Energy signed a 15-year LNG supply agreement of 1 million metric tons per year…
Shell’s exit from Nigeria spotlights risks facing oil sector
Shell’s exit from the onshore oil sector in Nigeria puts the spotlight on the risks oil business face in the…
Russia’s new gas pipeline to China may face delay
Russia’s planned new Power of Siberia-2 gas pipeline to China which was anticipated to begin this year may be…
Uganda in talks with UAE’s Alpha MBM over oil refinery project
Uganda is in talks to build a refinery for crude oil, with an investment company led by Sheikh Mohammed bin Maktoum…
Eni discovers Zohr-like gas reservoir off Cyprus
ENI’s drilling at the Cronos-2 target in block 6 of Cyprus’ exclusive economic zone (EEZ) has uncovered a natural…
Türkiye launches the largest oil, gas exploration ship in Mediterranean
Türkiye’s president Recep Tayyip Erdogan has inaugurated the newest and largest undersea hydrocarbon drill ship on…
AfDB 2023