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Oil demand to slow by 2028 __IEA
New medium-term report by the International Energy Association (IEA) sees oil use for transport going into decline after 2026, but overall consumption is expected to be supported by strong petrochemicals demand. Growth in the world’s demand for oil is set…
Goldman Sachs banker accidentally sends sex tape to female colleague
[Agency report] A Goldman Sachs banker left the Wall Street giant after a working-from-home blunder saw him accidentally send a sex tape to a junior female colleague, according to reports. Adam Dell, who has a child with Salmon Rushdie’s ex-wife…
Eni focuses on Just Transition in its energy transition pathway
To replicate bioenergy in its operations Sopuruchi Onwuka Italy’s major energy multinational company, Eni, has declared that it would give priority to just transition as it takes measures to smoothen the path towards net zero emissions by 2050. A statement…
America dethrones OPEC at oil export market
ExxonMobil finds substitute to Nigeria’s light sweet crude in Guyana Sopuruchi Onwuka The American continent is projecting strong outlook for oil output in the year, claiming the status of swing producer from non-American members in the multilateral Organization of Petroleum…
Iran seizes Chevron chartered oil tanker
Iranian Navy on Thursday arrested and detained an ocean going tanker chartered by Chevron Corporation and sailing from Kuwait to Houston, United States. According to a story broken by Reuters news service quoting the U.S. Navy, the Marshall Islands-flagged oil…
Russia’s Putin confiscates assets of Fortum, Uniper
President Vladimir Putin signed a decree establishing temporary control of assets belonging to Finland’s Fortum, and its former German subsidiary Uniper. The move will add to confusion over the fate of other western firms in Russia amid plans for more…
Credit Suisse to write down $17 bn debt
Credit Suisse said 16 billion Swiss francs ($17.24 billion) of its Additional Tier 1 debt will be written down to zero on the orders of the Swiss regulator as part of its rescue merger with UBS, Reuters reported. FINMA, the…
African oil women demand policy, fiscal incentives for gender equity
Policy and fiscal incentives, STEM education for the girl child, career growth opportunities for breeding mothers, and displacement cultural norms with task delivery competence form part of the numerous recommendations that pumped out from the gender and diversity debates at…
BP maps $1 bn for EV charging across US
European oil major, BP, has taken strong steps toward its transformation to an integrated energy company. The company announced plans to invest a billion dollars into electric vehicle (EV) charge points across the United States by 2030. The company stated…
Europe’s LNG demand jumps 60% TO 121 MMtpa
Rising demand for liquefied natural gas (LNG) in Europe reached 121 million tonnes in 2022, amplifying the growing independence of the industrial continent from Russian gas supplies. European countries, including the UK, imported 121 million tonnes of LNG in 2022,…
