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Commodities
Paul Anderson

Eni, Sonangol JV Lays First Stone for PV Power Plant in Angola

Solenova, a joint venture by Eni and Sonangol for the development of renewable energy projects, has laid the first stone of what will be Angola’s first photovoltaic power plant in Caraculo, in the province of Namibe. The Caraculo project comprises the phased installation of a

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Commodities
World Oil

UAE sends rare cargoes of oil toward Europe amid Russia snub

Prejula Prem 5/24/2022 (Bloomberg) — The United Arab Emirates has started shipping rare cargoes of oil toward Europe, where crude buyers are snubbing imports from Russia in the wake of the nation’s invasion of Ukraine. The oil tanker Moscow Spirit — hired by TotalEnergies SA’s

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Commodities
Andreas Exarheas

Geothermal Study Examines Repurposing Offshore Oil Wells

Geothermal delivery specialist CeraPhi Energy has announced that it has been awarded funds to undertake a “pioneering” decarbonization study. The “first of its kind” geothermal study will examine the repurposing of offshore oil and gas wells using the company’s proprietary advanced closed loop system, CeraPhi

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Commodities
Paul Anderson

Kinetik Opts for Stock Split To Boost Liquidity

Kinetik Holdings said that its Board of Directors has approved and declared a two-for-one split of the company’s Common Stock in the form of a stock dividend (Stock Split). The company anticipates that the Stock Split will increase liquidity in the trading of the company’s

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Commodities
Paul Anderson

Wintershall Dea Sells Interest in Brage Field

Wintershall Dea aims to build on its strengths as the largest subsea operator on the Norwegian Continental Shelf as it divests its ownership of the Brage field. The company has also transferred the operatorship to the mid-late life specialist operator OKEA. “Norway is and remains

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Commodities
World Oil

OEUK: A windfall tax risks reducing the UK’s energy security

Offshore Energies UK 5/23/2022 Billions of pounds of investments aimed at building the UK’s net zero energy infrastructure could be diverted to other countries if politicians keep threatening to impose windfall taxes, the chief executive of Offshore Energies UK (OEUK) will warn on Tuesday, May

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