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Oil Industry

5 Results / Page 1 of 1

Background

Africa

Nigeria offers oil blocks to global investors

Nigeria is seeking investors for 17 of its oil blocks. The government offered 12 oil blocks and 5 deep offshore assets for sale as it marketed the assets to global oil sector investors at the ongoing 2024 Offshore Technology Conference in Houston, Texas.

todayMay 9, 2024 15

Business / Economics

BP pauses all Red Sea shipments after rebel attacks

BP has temporarily halted oil shipments through the Red Sea due to recent attacks by Houthi rebels. According to the BBC, the decision was brought on by the deteriorating security situation and follows similar actions by other freight companies targeted by the rebels in Yemen. The Red Sea is a critical route for global oil, fuel, and consumer goods shipments.

todayDecember 18, 2023 8

Environment

Al Gore criticises COP28 for oil CEO leadership in climate talks

Former US Vice President Al Gore says the chances for real progress at the upcoming United Nations Climate Change Conference, COP28, were badly damaged when an oil company CEO was appointed to lead the talks. United Arab Emirates’ COP28 president Sultan al-Jaber is allegedly secretly using his role to push oil trade deals with foreign government officials. Gore says using international climate talks as leverage to shore up support for […]

todayNovember 28, 2023 5

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