In 2019, BEAC took several measures to restrict the flow of foreign currency. The intention was to tackle the problems of low foreign exchange reserves, capital flight, money laundering, and terrorism funding. However, these regulations have only served to kill business in the region — particularly for the energy industry. SourceContinue Reading

Ofgem Approves Britain’s Largest Electricity Transmission Project | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Aug 13, 2024, 12:00 PM CDT Ofgem has approved the £3.4bn...Continue Reading

With the Israel Hamas conflict continuing to mount and even reports of the United States preparing to ship $750 million worth of bombs to Saudi Arabia, oil prices are trending lower due to Tuesday’s IEA report that forecast lower oil demand growth in 2025 than it was previously predicting.  The IEA didn’t change its 2024...Continue Reading

The Future of U.S. Manufacturing: Key Trends and Challenges | OilPrice.com Metal Miner MetalMiner is the largest metals-related media site in the US according to third party ranking sites. With a preemptive global perspective on the issues, trends,… More Info Premium Content By Metal Miner – Aug 13, 2024, 11:00 AM CDT The US manufacturing...Continue Reading

Before becoming interim president in 2023, Karr served as the Alliance’s executive vice president for five years. He will continue his work as the petroleum economist for the Alliance. Every month, he releases its Texas Petro Index (TPI), a measure of growth rates and cycles in the Texas upstream oil and gas economy, as well...Continue Reading

Construction on SGP North is scheduled to begin later this year, with infrastructure to include up to 450 new gas production wells, a new field compression station, 27km of pipeline, and road and infrastructure upgrades over two phases. SourceContinue Reading

The goal of the partnership is to identify and assess potential opportunities to decarbonize Serica’s offshore assets and other associated electrification opportunities using renewable power and subsea energy storage. SourceContinue Reading

Billions in Taxpayer Dollars Tied Up in Stalled Green Power Projects | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Aug 13, 2024, 10:00 AM CDT Nearly 40% of President Biden’s key industrial and climate projects, representing $84 billion in investments, are facing...Continue Reading

In a lawsuit filed Monday in New York state court, Martin Siegel says the Conoco deal could deprive Marathon investors of more than $6 billion in value. He further alleges Marathon, its directors and financial adviser Morgan Stanley, misrepresented the deal in a proxy statement recommending shareholders back it. SourceContinue Reading

Oil Prices Under Pressure Despite Continued Geopolitical Uncertainty | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – Aug 13, 2024, 9:45 AM CDT Oil prices are under pressure from continued demand concerns but geopolitical risks and the recent rally from last...Continue Reading