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
Read more
oil
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
Read more
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,
Read more
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
Read more
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
Read more
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.
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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)
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more