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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oil
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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Is commodity market overheated?
Despite seeing the Blomberg Commodity Spot index rally to a fresh ten-year high with +4% gains recorded in 9 out
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BHP brings on new supply in copper, petroleum and iron ore
BHP’s strong safety and operational performance continued during the quarter, with record year-to-date production at Western Australia Iron Ore, the
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Economic outlook for crude oil and LNG gas
The outlook for the short term remains uncertain, but with vaccine deployment underway, albeit with some uncertainty as to timing
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VAALCO acquires additional interest in Etame Field from Sasol
VAALCO Energy has announced that it has now completed the previously announced acquisition of Sasol Gabon SA’s 27.8% working interest
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Upside potential exists for crude oil
Brent crude oil prices have surged sharply by about 19% over February-2021 moving above the USD 65 per barrel mark
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Sasol delivers good set of results, decreases debt
Sasol in its half year interim results says it delivered a good set of results for the six months ended
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Moderate recovery for oil & gas industries in 2021
Oil & gas industries are expected to post modest demand gains in 2021, in particular during H2-2021 as the global roll-out
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Exxaro reflects on global iron ore, oil and titanium
During 2020, the global economy recorded the worst downturn since the 1930s. Global real GDP for 2020 is expected to
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BHP completes Shenzi Oil Transaction
BHP has announced that it has completed the transaction to acquire an additional 28 per cent working interest in Shenzi
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All Glencore metals production down except for zinc
Glencore, in its “Third Quarter 2020 Production Report” says that its own sourced copper production of 934,700 tonnes was 81,100
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BHP driven by solid results in metallurgical coal and iron ore
BHP has started the new financial year with a strong first quarter of safety and production performance. Group production rose
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BHP oils up its stake in Shenzi
Notwithstanding a severe fall in the crude price this year, BHP believes that the fundamentals for oil will be attractive
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Equinor to retain leading role in energy transition
Following recent announcement of Equinor’s appointment of a new CEO, with an increased focus on the energy transition; Will Scargill,
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Mauritius declares emergency after oil leak from stranded ship
Mauritius, an island in the Indian Ocean, has declared a “state of environmental emergency” after a Japanese-owned ship that ran
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Sasol reports loss due to mainly COVID19-related effects
In a brief statement, Sasol has announced that its financial results for the year ended 30 June 2020 (2020 financial
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Gas Bubble: Global LNG infrastructure in crisis
In the past year, the fossil gas industry worldwide has more than doubled the amount of liquefied natural gas (LNG)
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Canada pilots hydrogen to fuel the future
First of its kind in the world, a hydrogen production pilot project in Saskatchewan could be the start of a
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Sasol is ramping up its production to full capacity
Sasol continues to make significant progress on the response plan measures announced on 17 March 2020 and 23 April 2020,
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Iron ore versus oil: Iron ore strength surprises
Given the collapse of oil, the continued strength of the iron ore price is surprising. And you would think that
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