extreme wildfires are raging across France, Spain, Portugal, Greece, Turkey and a dozen US states.
As the world gears up to avoid a climate catastrophe by limiting global warming to 1.5 to 2 degrees Celsius, more countries are putting carbon pricing at the center of their mitigation strategies.
A Commercial High Court sitting in Accra, has granted a motion for an interlocutory injunction restraining the government of Ghana from making further monthly payments to Eni Exploration and Production Ghana Limited and its Partner, Vitol Upstream Ghana Limited for gas supplied to the state from the Sankofa Field.
The United States believes that OPEC’s Middle Eastern producers have room to boost production and will take “a few more steps” to boost supply to the oil market soon, according to Amos Hochstein, the special presidential coordinator for international energy affairs.
Saudi Arabian officials on Saturday stressed the need for more upstream investment to resolve oil market pressures, saying that the kingdom would add some oil production capacity but has limits.
A climate change activist and lecturer at the African University College of Communications, Peter Wonders, has advised government to take bold and innovative steps to combat Climate Change. Speaking on Joy Business Social, an online business engagement platform which discusses pertinent business issues, Peter Wonders urged government to expand investment in clean energy such as Geothermal Energy, […]
Driven by fears that Russia may cut supply to Europe, the EU imported more LNG from the U.S. than pipeline gas from Russia for the first time ever
Oil prices dropped eight per cent yesterday falling back below $100 per barrel for the first time since May as some experts warn that prices could fall to as low as $60 per barrel by the end of the year if an economic downturn significantly curtails demand.
Russian state gas giant Gazprom has already cut gas flows to Germany via the key Nord Stream 1 pipeline by 60% from last month, citing an equipment hold-up in Canada as a result of sanctions over the war in Ukraine.
Prices of petroleum products are expected to witness some mixed reviews at the pump stations from this weekend