Etu Energias has entered a deal to acquire Galp Energia’s stake in Block 32, Block 14, and Block 14K offshore Angola for $443 million. The acquisition transaction includes Galp’s 5% non-operating stake in Block 32, 9% non-operating stake in Block 14, and 4.5% non-operating stake in Block 14K. SourceContinue Reading

In the past 24 hours, 47 new fires emerged in the province, most of them south of the unofficial oil sands capital of Fort McMurray, said Kai Bowering, spokeswoman for Alberta Wildfire. The arid conditions are expected to persist for the next 24 hours, making it easier for the blazes to spread, she said. SourceContinue Reading

LNG Market Crucial for Energy Security and Decarbonization Plans | OilPrice.com Haley Zaremba Haley Zaremba is a writer and journalist based in Mexico City. She has extensive experience writing and editing environmental features, travel pieces, local news in the… More Info Premium Content By Haley Zaremba – Jul 17, 2024, 4:00 PM CDT The IEA is...Continue Reading

Rio Tinto’s Multi-Billion-Dollar Lithium Mine Back on Track in Serbia | 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 – Jul 17, 2024, 3:00 PM CDT The Serbian...Continue Reading

The EU Is Facing a Looming Gas Supply Crisis | OilPrice.com Rystad Energy Rystad Energy is an independent energy consulting services and business intelligence provider offering global databases, strategic advisory and research products for energy companies and suppliers,… More Info Premium Content By Rystad Energy – Jul 17, 2024, 2:00 PM CDT The end of...Continue Reading

US Eases Some Venezuela Sanctions, But Not For PdVSA | 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 – Jul 17, 2024, 1:30 PM CDT The United States Office of Foreign Assets Control (OFAC) has eased some sanctions on Venezuela...Continue Reading

Aluminum Prices Face Downward Pressure as Tariffs Influence Market Trends | 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 – Jul 17, 2024, 1:00 PM CDT U.S. tariffs...Continue Reading

UAE Considering Building A Second Nuclear Power Plant | 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 – Jul 17, 2024, 1:00 PM CDT The United Arab Emirates is considering building a second nuclear power plant to meet surging electricity...Continue Reading

The company plans to restart its first production line this week, with the intent to start the remaining units shortly thereafter, Browne said. Still, production is expected to be at reduced rates, a spokesperson said, without saying how long the reduction would last. The plant is designed to produce 15 million metric tons of LNG...Continue Reading

Container Ship Backlogs and Soaring Rates Drive Supply Chain Congestion Concerns | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Jul 17, 2024, 12:00 PM CDT Goldman Sachs’ supply chain congestion index nears “Congest” level for the first time in 1.5 years due...Continue Reading