(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

TechnipFMC has been awarded a substantial(1) contract by Shell Nigeria Exploration and Production Company Limited to supply Subsea 2.0® production systems for the Bonga North development in Nigeria. SourceContinue Reading