National Grid plans to nearly double the amount of energy it can transport across the country via an unprecedented £35bn investment over the next five years into its electricity transmission business. The grid operator on Wednesday said its business plan, which covers the period April 2026 to March 2031, would be the “most significant step...Continue Reading

(Bloomberg) – Nigeria approved a $1.3 billion deal that would see a group of local companies buy Shell Plc’s onshore assets in Africa’s biggest crude producer. SourceContinue Reading

The American Petroleum Institute (API) have released a statement in response to the U.S. Environmental Protection Agency’s (EPA) granting California’s request for a Clean Air Act waiver for the Advanced Clean Cars II (ACC II) Light- and Medium-Duty Vehicle Standards. SourceContinue Reading

Oil Spill Devastates Russian Coastline After Tanker Accident | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Dec 18, 2024, 1:00 PM CST Two oil tankers were...Continue Reading

Nigeria’s oil minister has finally approved Shell Plc’s (NYSE:SHEL) sale of $2.4 billion in assets to Renaissance Group, Renaissance has revealed. The greenlight comes just two months after Africa’s biggest crude producer declined to approve the sale of Shell’s onshore and shallow-water oil and gas in the Niger Delta region to a consortium of local...Continue Reading

Will Trump’s Second Term Bring Lasting Peace to the Red Sea? | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Dec 18, 2024, 12:00 PM CST The election of Trump has coincided with a decrease in Houthi attacks in the Red Sea and...Continue Reading

EPA Approves California Ban Of Fossil-Fueled Cars Starting 2035 | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Dec 18, 2024, 11:30 AM CST The Environmental Protection Agency (EPA) has approved California’s bid to enforce a rule to end...Continue Reading

China’s Push for 7% Growth Faces Big Challenges | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Dec 18, 2024, 11:00 AM CST China is adopting looser...Continue Reading

Barclays Downgrades Energy Services Sector Amid Bearish Outlook | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Dec 18, 2024, 10:30 AM CST Analysts at Barclays have downgraded the energy services sector on Wednesday, giving it a Neutral rating...Continue Reading

Seadrill has announced the ultra-deepwater drillship, West Tellus, was awarded a 1,095-day contract for the Sépia and Atapu fields in the Santos Basin, offshore Brazil, following a competitive tender process. SourceContinue Reading