Blog
ADANI’S US WOES PUT TOTALENERGIES ON THE SPOT.
TotalEnergies is facing reputational and legal risks due to its deep ties with Indian billionaire Gautam Adani, who is under U.S. investigation for bribing officials to secure solar power contracts. Despite not being directly accused, the energy giant's growing Indian renewable investments and its partnership with Adani Green Energy could be affected by the ongoing corruption charges.
- 23 hours, 5 minutes
ASTRON ENERGY UNVEILS 400TH REBRANDED STATION.
Astron Energy has reached a major milestone by unveiling its 400th rebranded service station in La Roche, Gqeberha, as part of its goal to transform over 800 stations nationwide. The rebrand, which began in 2022, is the largest change in the South African fuel industry in three decades, reflecting the company's commitment to growth, community, and exceptional customer service.
- 1 day, 1 hour
U.S. LNG EXPORTS TO EUROPE SET TO SURGE AS EUROPEAN GAS PRICES SOAR.
As Europe's natural gas prices hit a one-year high, the widening price gap between Europe and the U.S. is prompting U.S. LNG exporters to increase shipments to Europe. This surge in European prices, driven by colder weather and supply concerns, has also led to a shift in global LNG trade, with cargoes initially bound for Asia being diverted to Europe.
- 2 days
AFRICA OIL ANNOUNCES THE CLOSING OF A MATERIAL ACQUISITION IN IMPACT.
Africa Oil Corp. has completed the purchase of an additional 7.0% stake in Impact Oil and Gas, increasing its ownership to 39.5%. This acquisition strengthens Africa Oil's influence over key projects in Namibia's Orange Basin, including the Venus oil development and ongoing exploration efforts.
- 2 days, 19 hours
IRAQ TO EXPORT FUEL OIL AT A RECORD-BREAKING RATE.
Iraq's fuel oil exports reached a record high in October, surpassing 2.15 million metric tons, with projections indicating annual exports could exceed 18 million metric tons in 2024. This surge in fuel oil exports is helping to lower refinery costs, increase global supply, and boost Iraq's oil sector revenues, reinforcing its role as a major global energy supplier.
- 2 days, 20 hours
OPEC SECRETARY GENERAL TELLS COP29 OIL IS A GIFT FROM GOD.
At the COP29 summit in Baku, OPEC Secretary General Haitham Al Ghais described crude oil and natural gas as "a gift from God" and argued that climate talks should focus on reducing emissions rather than selecting energy sources. He emphasized that the priority should be mitigating environmental impact while ensuring energy security, particularly for developing nations.
- 3 days, 19 hours
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