(Oil Price) – Operators and developers are expected to spend a total of $43 billion on oil and gas projects in Africa this year, as established producers and newcomers see growing investments, the African Energy Chamber said in a new report. Longer term projections point to capital expenditure (capex) hitting a decade-high of $54 billion in 2030, thanks to fresh final investment
Yahoo Finance OTTAWA – Canadian province Alberta’s ban on some renewable projects could hurt C$11.1 billion ($8.24 billion) in investments and stall up to 6.3 gigawatts (GW) of solar and wind power capacity, a study said on Monday. The new rules can potentially impact 42 projects valued at over C$11 billion and several thousand jobs, the Pembina Institute, an Alberta-based
Oil Price Iran would welcome any new investment in its oil industry, especially from OPEC+ producers, the Iranian Ministry of Petroleum said this weekend, days after Saudi Arabia signaled that the Kingdom could start investing “very quickly” in Iran. Earlier this month, Saudi Arabia and Iran agreed to resume diplomatic relations and re-open embassies and missions, Saudi Arabia, Iran, and China said in a joint
Reuters TORONTO – Canada’s biggest pension managers boosted their investments in the country’s major oil sands companies in the first quarter of 2021, raising questions about the funds’ recent commitments to greening their portfolios. The cumulative investment by the country’s top five pension funds into the U.S.-listed shares of Canada’s top four oil sands producers jumped to $2.4 billion in
Reuters LONDON – Hedge funds boosted their bullish petroleum positions last week, focusing on crude and gasoline, betting on continued output restraint by OPEC+ and an early resumption in domestic business activity. But they sold middle distillates, likely reflecting concerns about a slower re-opening of international borders and return to aviation, even as coronavirus vaccines are rolled out (tmsnrt.rs/3qx4yyE). In
From Business Wire Orion Energy Partners, L.P. (“Orion Energy”) announces the closing of a delayed draw, senior secured term loan to Evolution Well Services Holdings, LLC (“Evolution”), a provider of leading edge, electric powered pressure pumping. Funds from this facility will support Evolution’s expansion of additional electric powered pressure pumping fleets for some of the largest onshore oil and gas
The shackles are being taken off the U.S. energy sector, which spells trouble for Canadian jurisdictions trying to attract oil and gas investment dollars – Fraser Institute What is the Global Petroleum Survey? The annual survey, published by the Fraser Institute, studies barriers to investment in oil and gas exploration and production facilities in various jurisdictions around the globe. The
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