The U.S. government will hold an auction of oil and gas leases in the Gulf of Mexico following several delays due to litigation over the drilling industry’s impact on an endangered species of whale.
ING takes next steps on energy financing after COP28
Phase-out of upstream oil & gas financing by 2040
Aim to triple renewables financing by 2025
ING announced today it is taking the next steps in our energy approach, phasing out the financing of upstream oil and gas activities by 2040 and aiming to triple new financing for renewable energy by 2025. These steps, updating our Terra approach, come after governments at COP28 agreed to transition away from fossil fuels and triple renewable energy capacity.
ING said it will phase out upstream oil and gas financing by 2040 and triple renewables financing by 2025, responding to the pact to pivot away from fossil fuels at COP28 last week.
The Ghana Revenue Authority (GRA) has assured that its risk-reward contract with the Strategic Mobilisation Limited (SML) will bring efficiency in the country’s revenue assurances and services.
Angola is moving to curb greenhouse gas emissions from its oil and gas industry, under a new cooperation agreement between its state-owned oil company and a French multinational energy firm.
The management of the Strategic Mobilsation Ghana Limited (SML) has said they are aware of heightened efforts by the Cartel in the oil ring whose illegal trade is collapsing and is fighting to undermine the Government’s fight against illegalities in the petroleum sector.
Following his participation in this year’s UN Climate Change Conference (COP 28), in Dubai, the African Refiners and Distributors Association Executive Secretary, Anibor Kragha, says ARDA remains aligned with the key outcomes of COP 28 related to a just, equitable, tailored energy transition process that considers the peculiar energy poverty and development requirements of African countries.
Axim is noted for many things in Ghana. Aside it being the area that records the highest rainfall in Ghana, it is also renowned for its people and their love for education. In fact, Ghana’s first leader, Kwame Nkrumah, taught as a pupil teacher here, while dreaming of making it big in politics.
Several shipping companies and a few liquefied natural gas (LNG) tankers have decided to avoid the world’s main East-West trade route, following attacks launched by Yemen’s Houthi group on commercial ships at the southern end of the Red Sea.
The Gold for Oil (G4O) program emerged in response to the 1973 oil crisis, triggered by an oil embargo imposed by OPEC members, particularly Saudi Arabia, on nations perceived as supporting Israel in the Yom Kippur War (Birjandi, 2003). This crisis caused a global energy shortage and a surge in oil prices, prompting negotiations between oil-producing and importing countries to exchange oil for gold instead of conventional fiat currencies, allowing oil exporters to accumulate gold reserves (Falola & Genova, 2005).