The Institute for Energy Security (IES) has stated that fuel prices on the market will go down marginally before the close of the weekend. This is because the Bulk Oil Distribution Companies are feverishly preparing their profitability statement with the anticipation of a fall in petroleum prices. “Per the 3.60% decrease in the price of
Total is paying $2.5 billion (R37.98 billion) for a share in Indian renewable energy firm Adani Green Energy Limited (AGEL) and a portfolio of solar power assets, marking the latest step in the French energy company’s drive to reduce its dependence on oil. For its investment, Total will get a 20 percent stake in AGEL
Occidental Petroleum Corporation, an international oil and gas exploration and production headquartered in Houston, has announced that it has entered into a binding agreement to sell Anadarko’s Algeria, Ghana, Mozambique and South Africa assets to Total S.A. for $8.8 billion. Occidental however is in a bidding war with Chevron Corporation, another leading oil and gas
The lead indicator of trading performance, on the Nigerian Stock Exchange (NSE) closed yesterday in positive territory as the NSE All-Share Index went up by 1.03 per cent or 378.04 points, to close at 36,962.48 points, increasing the year-to-date returns to 37.54 per cent. The day’s performance also showed market capitalisation added N130.3 billion to
French oil giant, Total, has announced that it had acquired 100 per cent of the equity of the E&P Company, Maersk Oil & Gas, a wholly owned subsidiary of A.P. Møller – Mærsk, in a share and debt transaction. Total said in a statement that under the agreed terms, A.P. Møller – Maersk will receive
