NAO

Ghana Rescinds Order Mandating Eni’s Merger with Local Producer

1 month ago

In a significant reversal of its previous stance, Ghana's government has annulled an order that would have required the Italian energy giant Eni to merge its offshore oil field operations with those of a local producer. This move has been hailed as a crucial step for Eni, which has been focusing on maintaining its operational autonomy amid Ghana’s evolving energy landscape.

China's Refineries Prepare to Resell US Oil Cargoes Amidst Tariff Struggles

2 months ago

In a notable development in the international oil markets, Chinese refiners are gearing up to resell U.S. oil cargoes after navigating a complex web of tariffs and trade restrictions. Recent reports indicate that these refiners, having faced multiple challenges due to unfavorable trade environments, are now poised to capitalize on the recovering demand for oil globally.

Naomi Girma Becomes Women’s Soccer's First Million-Dollar Player with Chelsea Transfer

2 months ago

In a historic move that marks a significant milestone for women's soccer, Naomi Girma has officially become the highest-paid player in the sport, transferring to Chelsea FC for over $1 million from San Diego Wave FC. This groundbreaking deal not only elevates Girma's status as a player but also sets a new precedent for women's soccer, demonstrating the increasing financial investment and recognition of female athletes in the sport.

China's Oil Teapots Face Reckoning Amid Overcapacity Crackdown

3 months ago

In a significant shift within China's fluctuating energy sector, local small-to-medium-sized oil refineries, commonly known as "teapots," are grappling with the severe repercussions of a government-led initiative aimed at addressing overcapacity issues. This crackdown by Beijing comes at a time when the balance of supply and demand in the global oil market hangs in the balance, sparking fears within the industry of potential job losses and operational adjustments.

Explore These 10 Compelling Climate Change Books: Fiction and Non-Fiction Picks for 2024

3 months ago

As the global discourse on climate change intensifies, literature emerges as a powerful medium to inspire awareness and change. A curated list showcases ten essential reads that delve into the climate crisis, blending genres from dystopian fiction to thought-provoking non-fiction. These selections not only enlighten readers about the challenges we face but also provoke critical thought about our relationship with the environment.

UK Spending Watchdog Declines to Approve Government Accounts in Serious Accountability Issue

4 months ago

The UK’s public spending watchdog, the National Audit Office (NAO), has taken the unprecedented step of refusing to sign off on the government's accounts for the previous financial year. This marks a significant moment in the UK's fiscal governance, raising serious concerns about financial management at the government level.

ExxonMobil Offloads Argentine Shale Oil Assets to Pluspetrol in Strategic Move

5 months ago

In a significant development within the energy sector, ExxonMobil has come to an agreement to divest its shale oil assets located in Argentina to Pluspetrol, a prominent player in the Latin American oil industry. This transaction, valued at approximately $600 million, underscores the shifting dynamics in the global energy market, as companies reevaluate their portfolios amid fluctuating oil prices and varying production capacities.

ExxonMobil Sets Ambitious Plans for Increased Production in Guyana's Stabroek Block

6 months ago

In a bold move to enhance its operations in South America, ExxonMobil has announced plans to significantly ramp up production at its Stabroek Block in Guyana. The multinational oil and gas corporation aims to capitalize on the lucrative prospects that the region presents, following a series of successful exploratory drilling operations that have revealed vast reserves of oil.

Commerzbank’s Orlopp Slated to Join UniCredit: Charting the Path Ahead

6 months ago

Germany's failure to deliver adequate climate assistance to developing countries has fallen short of its pledge and reflects the larger failure of rich countries to make good on their international financial commitments to confront global warming.