Commodities

NEP, TotalEnergies launch UK’s first CCS venture

Northern Endurance Partnership (NEP) introduced monetary shut, permitting to proceed with the execution of the primary CCS venture within the UK. NEP, wherein TotalEnergies holds a ten% shareholding curiosity, will completely retailer as...

Central Financial institution purchase report Gold

In October 2024, central banks world wide made a major transfer within the gold market, collectively buying 60 tonnes of the dear steel. This represents the most...

ADNOC, Petronas signal 15-year settlement for Ruwais LNG undertaking

ADNOC has signed a second Gross sales and Buy Settlement (SPA) for the lower-carbon Ruwais liquified pure fuel (LNG) undertaking, with Malaysia’s Petronas. The 15-year SPA for supplying 1 million tonnes each year...

Equinor’s Nigeria enterprise acquired by Chappal Energies

(Bloomberg) – Chappal Energies has accomplished the acquisition of Equinor Nigeria Vitality Firm, a unit of Norway-based Equinor ASA, a transaction first introduced in 2023. Nigerian regulators authorized the transaction in November after months...

Petrobras, Ecopetrol goal to triple Colombia’s fuel reserves with offshore discovery

(Bloomberg) – Colombia’s largest offshore pure fuel discovery by Petrobras and Ecopetrol SA may triple the nation’s reserves if the deposit is commercially viable, probably easing the nation’s shortfall. The Sirius-2 exploration nicely has...

BOEM advances oil and gasoline leasing program for Gulf of Mexico

Nationwide Ocean Industries Affiliation (NOIA) President Erik Milito issued the next assertion after the Bureau of Ocean Vitality Administration (BOEM) launched the Draft Programmatic Environmental Influence Assertion (EIS) for oil and gasoline leasing...

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