Shell To Sell Nigeria Onshore Oil Business For Up To $2.4B
Shell agreed to sell its Nigerian onshore subsidiary to a consortium of five companies for up to $2.4 billion. :
https://www.wsj.com/business/energy-oil/shell-to-sell-nigeria-subsidiary-for-up-to-2-4-billion-506a1673 Shell has agreed to sell its Nigerian onshore oil subsidiary for up to $2.4 billion, making good on a promise to exit what was for decades one of its most dependable cash cows but in recent years has become a big drag on its reputation.
Queensland Power Bills To Rise If Proposal Goes Ahead - Abc News
The Queensland government has promised to use coal royalties to absorb a rise in energy prices if a proposal by the Australian Energy Regulator goes ahead.
Will The Iron Ore Price Recover From Its Recent Plunge? - Abc News
Commonwealth Bank director of mining and energy commodities research, Vivek Dhar, says there is still pressure on iron ore prices to drop even lower.
India's Steel Majors To Invest Billions To Meet Buoyant Local Demand -march 19, 2024 At 07:42 Am Edt | Marketscreener
(marketscreener.com) Leading Indian steel producers, including JSW Steel Ltd and Tata Steel Ltd, are expected to invest billions in a record capacity increase to benefit from rising domestic demand in one of the world's fastest growing economies.https://www.marketscreener.com/quote/stock/JSW-STEEL-LIMITED-46728626/news/India-s-steel-majors-to-invest-billions-to-meet-buoyant-local-demand-46230670/?utm_medium=RSS&utm_content=20240319.
Iron Ore Prices: Despite Global Cool-off, In India Iron Ore Prices Unlikely To Come Down Now: Amit Dixit - The Economic Times
Amit Dixit analyzes the impact of global iron ore price changes on NMDC in India, addressing the potential pressure on iron ore prices if steel prices decline, with insights into the dynamics of the Indian steel industry. Earlier NMDC prices were at a discount of 50%, now they are at a discount of roughly 30% compared to landed cost of imports. So, the discount factor is still there and NMDC is unlikely to cut prices because globally prices have corrected.
Eu And Egypt Sign 7.4 Bn Euro Deal Focussed On Energy, Migration - World News
The European Union and Egypt on Sunday signed a 7.4-billion-euro financial package to support the indebted north African country, boost energy sales to Europe and stem irregular migrant flows.
£58bn Plan To Rewire Great Britain Expected To Spark Tensions Along Route | Energy Industry
‘High-capacity electrical spine’ to run onshore from north-east Scotland to north-west EnglandA £58bn plan to rewire Great Britain’s electricity grid to connect up new windfarms off the coast of Scotland is expected to trigger tensions with communities along the route.National Grid’s electricity system operator (ESO) has mapped out power “motorways” across Great Britain to allow for the biggest investment since the 1960s. Continue reading...
Miners Facing Financing Frustration, Where Will The Money Come From?
Resource sector funding has declined for the last 15 to 20 years, and recently high inflation and interest rates have only made it more difficult for companies in the sector to get the money they need to move forward. The issue has become a major topic, and was discussed at the Vancouver Resource Investment Conference this past January, as well as at this year's Prospectors & Developers Association of Canada (PDAC) convention.
Hunt Launched For Ship Dubbed 'the El Dorado Of The Seas' That Sank In 1641 Carrying '£1 Billion In Gold And Silver' Off The Cornish Coast Four Years After Its Rusty Anchor Was Found | Daily Mail Online
The Merchant Royal which sank in 1641 had 500 bars of gold bullion, 400 ingots, half a million coins, jewellery and countless gems and pearls.
Uk Energy Grid Needs £60bn Upgrade To Hit Green Target, Plan Says - Bbc News
New undersea cables and power lines could add up to £30 a year to energy bills, a new plan suggests.
Thirteen Miners Trapped In Russian Gold Mine, Authorities Say - 2024-03-18 | Marketscreener
(marketscreener.com) Thirteen miners were trapped after a rock fall in a gold mine in Russia's Amur region, Russia's Ministry of Emergency Situations said on Tuesday.https://www.marketscreener.com/news/latest/Thirteen-miners-trapped-in-Russian-gold-mine-authorities-say--46226189/?utm_medium=RSS&utm_content=20240318.