Via The Africa Report, a look at how – in the wake of the war in Ukraine – the Italian giant was forced to turn its back on Moscow. Over four years, it has turned the continent – Brazzaville to Luanda via Maputo – into its new gas stronghold: As the Russia-Ukraine war drags on, ENI has completed […]
Read more »Via The Economist, a look at Donald Trump’s expansive ambitions and limited plans: JUST HOURS after America captured Nicolás Maduro, Venezuela’s dictator, on January 3rd, President Donald Trump clarified his motivation. “The oil business in Venezuela has been a bust, a total bust for a long period of time,” he said. America would “spend billions of dollars, […]
Read more »Via the Wall Street Journal, commentary on President Trump’s desire to have U.S. oil companies return to Venezuela in a big way, but the petrostate’s turbulent history suggests formidable challenges ahead: “No one was paying any attention to Venezuelan oil two weeks ago,” a longtime oilman said to me the other day, “but now everyone […]
Read more »Via The Economist, an article on the challenges facing Venezuela’s oil sector: JUST HOURS after America captured Nicolás Maduro, Venezuela’s dictator, in a nighttime raid on January 3rd, President Donald Trump clarified his motivation. “The oil business in Venezuela has been a bust, a total bust for a long period of time,” he said. “We are […]
Read more »Via The Economist, an article on TotalEnergies’ and other firms’ dash for Africa’s new oil and gas: To grasp the ambition behind Africa’s new oil and gas exploration, consider three projects under way at TotalEnergies, a French supermajor. In Uganda it is building the world’s longest heated pipeline. In Namibia it hopes to drill in waters 3km […]
Read more »Via The Economist, a look at how the Gulf’s oil giants risk becoming sprawling conglomerates: “ARAMCO has always been far more than just an oil producer.” So said Amin Nasser, chief executive of Saudi Arabia’s petro-colossus, earlier this year. Mr Nasser has lofty ambitions for the world’s biggest oil company, which he views as “an important enabler” […]
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