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NATURAL GAS PRICES PLUMMET AS ETFS STRUGGLE, BRENT CRUDE TOPS $90 AMID MIDDLE EAST TENSIONS.
Exchange-traded funds (ETFs) are investment funds that are traded on stock exchanges, much like stocks.
- 2 years, 1 month
THE LARGEST EXPORTER OF LIQUEFIED GAS TO EUROPE IN THE FIRST QUARTER, ALGERIA CONTINUES TO EXCEL.
During the first quarter of this year, three Arab countries were among the largest exporters of liquefied gas to Europe, with the United States alone accounting for more than 50% of the total supplies received by the European market.
- 2 years, 1 month
OIL PRICES SURGE AS GEOPOLITICAL RISK RISES.
Oil prices are on the rise due to increasing geopolitical tensions and a bullish trend in West Texas Intermediate (WTI) crude oil, closely following Brent crude's movements. Escalating unrest in the Middle East, particularly involving Israel and Iran, has led to uncertainties in oil supply, boosting global oil prices and contributing to the upward movement of WTI prices.
- 2 years, 1 month
RENEWABLE ENERGY PROJECTS BEGIN IN IRAN WITH HUGE CAPACITIES.
Renewable energy projects in Iran, with a capacity of up to 7,500 MW, began during the Persian year ending March 19, 2023. These projects, primarily focused on solar and wind energy, represent a significant step towards Iran's goal of diversifying its energy sources and reducing its reliance on fossil fuels.
- 2 years, 1 month
THE WORLD'S LARGEST OFFSHORE OIL FIELD IS LOCATED IN SAUDI ARABIA.
The Safaniya field in Saudi Arabia is the largest offshore oil field globally, discovered in a submerged area. The Kingdom aims to develop it further through new deals to increase production as part of efforts to support its economy.
- 2 years, 1 month
SLB ANNOUNCES $8-BILLION DEAL AS MERGERS EXTEND TO OILFIELD SECTOR.
SCHLUMBERGER (SLB), the leading oilfield services provider globally, announced a definitive agreement on Tuesday to acquire smaller competitor ChampionX Corporation in an all-stock transaction valued at $7.75 billion, as consolidation in the energy sector extends to oilfield services.
- 2 years, 1 month
Africa Energy Insights (AEI) is an African platform with latest news, insights and investment report of Energy Sectors. We bridging the gap and mobilizes investment in Energy resources for Sustainable and reliable Energy supply.