Opec has hit back at the latest research on transition in the oil and gas sector released by the International Energy Agency (IEA), claiming the report aims to “vilify” the industry while ignoring the quest to secure energy supplies for global economies.
SINGAPORE, Oct 24 (Reuters) – Ghana is looking to boost its oil and gas production by selling more exploration rights, aiming to avoid leaving valuable fossil fuels in the ground and generate revenue to fund its energy transition, a Ghanaian official said on Tuesday.
The Society of Petroleum Engineers—Ghana Section (SPE Ghana) is fast becoming the ideal section and a trailblazing force in Africa through remarkable strides and resounding accomplishments that will forever echo in the chronicles of the global energy industry.
The country has only started the exploitation of its petroleum resources and cannot sacrifice it midstream on the altar of energy transition, the Minister of Energy, Dr Matthew Opoku Prempeh, has stated.
Energy Minister, Dr. Matthew Opoku Prempeh, on Tuesday, November 21, 2023, opened the exhibition component of the 2023 Upstream Local Content Conference and Exhibition in Takoradi.
he total market potential of hydrogen technology could reach $11 trillion by 2050, with major advancements and falling production costs, says Bank of America, which firmly believes “we are reaching the point of harnessing the element that comprises 90% of the universe, effectively and economically”.
Sustainability-linked loans, or SLLs, have only been around for a few years. In that short time, they have ballooned into a market worth $1.5 trillion. But now, as scrutiny comes for sustainability claims with no substance, that market faces a reckoning. And so do the banks that lent those money.
The Ministry of Trade, Industry and Energy said it would closely monitor the hydrogen supply for automobiles amid supply disruptions in Korea’s central region.
Minister of Energy and Mineral Resources, Saleh Al-Kharabsheh, stated that Jordan possesses a secure strategic reserve of gas sufficient for about 60 days and is “prepared for any sudden disruption in gas supply.”
The Nigerian Upstream Petroleum Regulatory Commission has attracted investment prospects from Argentina, as the country’s ambassador to Nigeria, Alejandaro Herrero, declared his country’s willingness to tap into the exploration and production of gas in Nigeria