Uncertainty sets the tone for the oil markets in 2023
In Wood Mackenzie’s latest economic outlook, we expect some key economies to enter recession and the global economy to slump
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oil
Soaring fossil fuel prices are a threat to energy transition
The crisis caused by Russia’s invasion of Ukraine is the most significant shock to world energy markets since the 1970s.
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Energy trilemma – affordability, security and sustainability
The Year of the Tiger was marked by three major paradigm shifts; the commencement of war in mainland Europe, the
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Soaring fossil fuel prices are a threat to energy transition
The crisis caused by Russia’s invasion of Ukraine is the most significant shock to world energy markets since the 1970s.
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Energy transition beyond Putin’s barbaric aggression
Energy is life – these days, Europeans are experiencing that first-hand. For far too long, Europe has depended on coal,
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The UK energy crisis: How prices became so high
According to government reports Britain’s new prime minister Liz Truss is planning to freeze household energy bills at broadly the
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Sasol performs strongly amid higher energy and chemicals prices
Sasol performs strongly against the backdrop of increased volatility resulting from ongoing geopolitical tensions, extended COVID-19 lockdowns and global supply
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Global commodities in a post-Ukraine-war world
Russia’s invasion of Ukraine was a geopolitical quake that will reverberate for decades. Europe is at the centre, its relationship
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BHP merger completion and in specie distribution
BHP Group (BHP) has announced that the merger of BHP’s oil and gas portfolio with Woodside Energy Group Limited (Woodside)
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President Biden bans the import of Russian oil
President Biden has signed an Executive Order (E.O.) to ban the import of Russian oil, liquefied natural gas, and coal
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Is Putin’s war the fossil war?
Burning oil, gas and coal is causing warming and impacts we need to adapt to. And Russia sells these resources
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Fascist Russia demands rubble payments for its oil and gas
Western countries say Putin’s real aim was to swiftly topple Ukraine’s government, and that its failure is a strategic catastrophe,
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Glencore produces more oil and less coal
Glencore’s Coal production of 103.3 million tonnes was 2.9 million tonnes (3%) lower than 2020, reflecting Prodeco’s care and maintenance
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Gold, palladium, oil shoot up whilst Russia’s economy crippled
Unprovoked Russia’s war on Ukraine has entered its second week and it is no surprise that traders are looking for
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PUTIN’s WAR: the global risks to commodities
The geopolitical tensions caused by Putin’s invasion of Ukraine have had an immediate effect on the global economy and markets.
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As Russia invades, some commodities will benefit more than others
Additionally to oil, Russia is also a key supplier of several strategic commodities, all of which should benefit from heightened
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Oil industry captains set the pace on exploration in the Permian Basin
ExxonMobil and Chevron, flush with cash, have set out their plans for growth in oil and gas production in Texas
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Ten key developments in the metal and oil industries in 2022
Wood Mackenzie says its 2021 predictions stood the test of time pretty well. Crude prices rose, more oil and gas companies
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BHP approves Phase 1 of the Scarborough Project
BHP has approved US$1.5 billion in capital expenditure for development of the Scarborough upstream project located in the North Carnarvon
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BHP and Woodside agree to create a global energy company
BHP Group (BHP) and Woodside Petroleum have yesterday signed a binding share sale agreement (SSA) for the merger of BHP’s
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ECA calls for the US to curb energy exports
Gas buyers in the US have been looking nervously at rising domestic prices. As gas prices have soared in Europe
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The oil market rebalances, natural gas shows seasonal volatility
Oil prices increased by 39 percent between August 2020 and February 2021 on positive vaccine news and the rapid economic
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Woodside and BHP to create a global energy company
Woodside Petroleum and BHP Group have entered into a merger commitment deed to combine their respective oil and gas portfolios
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Sasol delivers strong performance despite COVID-19 pandemic
Sasol delivered a strong set of results for the year ended 30 June 2021. Earnings before interest and tax (EBIT)
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Response to press speculation regarding BHP’s Petroleum business
BHP notes the recent press speculation regarding our Petroleum business. As previously stated, BHP regularly reviews its portfolio of assets
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Shenzi North project approved, Trion project moves into FEED phase
The BHP Board has today approved US$544 million in capital expenditure to execute the Shenzi North oil project in the
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Significant oil discovered offshore Ghana
Eni announced a significant oil discovery on the Eban exploration prospect in CTP Block 4, offshore Ghana. The Eban 1X
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Rwanda to resume search for gas and oil in its volcanic lake
Rwanda will resume works to explore the prospects of oil in Lake Kivu soon after the project’s Rwf1.038 billion budget
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Sasol restructures existing oil hedges, increases hedge cover ratio
Johannesburg – Sasol has made significant progress in deleveraging its balance sheet following a strong operating performance in a more
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Zinia Phase 2 starts producing oil in Angola
Total, operator of Block 17 in Angola, together with the Angolan National Oil, Gas and Biofuels Agency, has announced the
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