The world’s largest oil corporation, Saudi Aramco, announced on Sunday that it made $161 billion last year, the highest yearly profit ever recorded by a
Category: Energy
Germany commits $7b to EV charging network expansion; VW and Mercedes urge accelerated deployment.
According to a report in the German newspaper Bild am Sonntag on Sunday, Mercedes-Benz and VW have pushed the government to do more to increase
Energy crisis: Europe has expended almost 800b euros on subsidies.
Researchers stated on Monday that the cost for European nations to protect people and businesses from rising energy expenses has risen to about 800 billion
Madagascar solar company secures $21m to connect 50,000 homes.
Off-grid solar firm WeLight from Madagascar has received 19 million euros ($20.57 million) to power 50,000 homes over the next two years, the company announced
West destroying African economies; with divestment in gas production, amidst a push for green energy.
In order to guarantee supply security and reasonable prices during the global energy transition, greater investment is necessary, according to remarks made on Saturday by
600,000 bpd Canadian oil pipeline outage threatens U.S stockpiles and refinery supplies.
According to analysts and traders, an interruption of the major oil pipeline from Canada to the United States may reduce crude supply to two oil
Russian oil: Europe to be cut off as $60/barrel price cap is rejected.
Russian authorities threatened to cease supplying the countries that supported the price cap for the country’s oil on Saturday after rejecting it. Australia, Britain, Canada,
Russian seaborne oil: G7 set a $60/barrel cap to limit Russia’s revenue and stabilize global oil prices.
The Group of Seven (G7) and Australia have joined the European Union in establishing a $60 per barrel price restriction on Russian oil. The countries
Nigeria plans to revamp the PHC refinery with $1.5b and commission the Dangote refinery to exit oil importation.
According to Nigeria’s oil minister Timipre Sylva, the country plans to stop importing petroleum products before or around the third quarter of 2023. By the
NNPC, local investors commence oil drilling at the $3b Kolmani region in Northern Nigeria.
Nigeria’s state-owned NNPC Ltd. began drilling for oil and gas on Tuesday at a field with 1 billion barrels of reserves in northern Nigeria as
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