Angolan state oil company Sonangol said it would buy oil and gas producer Cobalt International Energy Inc's 40 percent stake in two oil blocks offshore Angola for $1.75 billion.
Cobalt operates three blocks covering 3.4 million acres off the Angolan coast.
Reporting by Anannya Pramanick
ArcelorMittal is the second largest steelmaker in the world. It announced on Friday that it was delaying green investments…
Danos announced that two of its leaders, Melanie Hill and Scott Theriot, have been named to prestigious “40 Under 40” lists for 2024.Melanie Hill…
The state grid operator warned on Thursday that New York City could face power shortages in summer 2033 due to a growing…
Shale gas producers are contacting data-center operators in the U.S. Permian Basin to build up the capacity needed to power an AI boom.
At the COP29 Climate Summit, trade tensions are escalating. According to U.N. documents, and negotiators, China, Brazil,…
Malaysian palm futures fell for the second session in a row on Thursday as concerns about U.S. Tariffs on China, and a weakened demand for palm…
The European spot electricity prices fell on Friday on the back of forecasts that higher wind generation will be occurring…
The United Nations Climate body published new options on Thursday for the COP29 Summit's primary objective of agreeing to…
U.S. crude oil and gasoline inventories last week rose more than forecast, while distillate stockpiles posted a larger-than-expected draw…
Poland is planning to assign new areas for offshore wind farms in the Baltic Sea and is drafting additional measures to boost…
Companies seeking to claim proceeds from a court auction of shares in a parent of Venezuela-owned Citgo Petroleum are pressing a U.S.
Ørsted announced today that David Hardy, Group EVP and CEO Americas, has decided to leave the company to join GE Vernova as Chief Commercial Officer…
World Energy News is the global authority on the international energy industry, delivered to your Email two times per week.
Subscribe to World Energy News Alerts.