Blog
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, 6 months
ACTIVISTS PUSH INSURERS TO DROP OIL AND GAS PROJECTS, INDUSTRY HESITANT.
Extinction Rebellion, an activist group, conducted a week-long campaign against insurers to stop insuring oil and gas projects. However, it's unlikely that the insurance industry would be willing to drop clients that bring in between $1.6 billion and over $2 billion in premium income annually.
- 2 years, 6 months
GLOBAL GAS INVESTMENT SET TO SOAR TO $9 TRILLION BY 2050 DESPITE ENVIRONMENTAL CONCERNS.
Global gas investment is projected to grow significantly in the coming decades, despite criticism and campaigning by environmentalists and climate workers against the industry, as per a recent analytical report obtained by the Energy Research Unit.
- 2 years, 6 months
PETROCHEMICALS ARE DRIVING 90% OF CHINA'S OIL DEMAND GROWTH.
China's oil market is closely monitored by energy experts, not only because of its size but also due to the ongoing electric vehicle (EV) revolution.
- 2 years, 6 months
THE UNITED ARAB EMIRATES SECURED THE TOP SPOT WITH A MAJOR LNG DEAL IN MARCH 2024.
The United Arab Emirates took the lead in the top 5 liquefied natural gas (LNG) deals in March 2024, with strong competition from Arab countries such as Iraq and Qatar.
- 2 years, 6 months
SAUDI ARAMCO SIGNS CONTRACTS FOR MEGA GAS PROJECT.
Saudi Aramco has signed contracts worth $7.7 billion for the engineering, procurement, and construction of a significant expansion of a large gas project.
- 2 years, 6 months
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.