European banks are quietly continuing to tighten their oil and gas policies in significant ways, in contrast with the US where debate is raging about the acceptability of limits on fossil fuel financing.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says five petroleum industry regulations have been gazetted.
Nigeria’s oil and gas industry experienced historic crises throughout 2022 as the sector struggled with severe crude thefts and pipeline vandalism constraining output, but will do relatively well this year, a new report has said.
Energy giant BP has reported record annual profits as it scaled back plans to reduce the amount of oil and gas it produces by 2030.
Oil prices could return to the $100 per barrel mark in the second half of 2023 on the back of rising Chinese demand and expected limited additional supply, Afshin Javan, Iran’s OPEC representative, told Reuters on Wednesday.
Russia logged a nearly 50% drop in oil and gas revenue in January, contributing to a wider budget deficit.
Doha: The Minister of Municipality HE Dr Abdullah bin Abdulaziz bin Turki Al Subaie, has affirmed the ministry’s success in recycling all waste generated from the FIFA World Cup Qatar 2022 and benefiting from it in the field of energy, as part of the country’s efforts towards a model and environmentally friendly tournament.
Enel Chairman Michele Crisostomo, Enel CEO Francesco Starace, The Italian Minister of the Environment and Energy Security Gilberto Pichetto Fratin, the Director-General for Energy of the European Commission Ditte Juul Jørgensen, the President of the Region of Sicily Renato Schifani, and the Catania Municipality’s Special Commissioner – Prefect Piero Mattei visited the construction site of the 3Sun Gigafactory in Catania, which will become Europe’s largest solar panel factory by 2024, with a one-of-a-kind technology globally
Last year was a rough year for the relatively new green energy industry, with high interest rates in a financing-heavy sector
The UK hopes to expand relations further with Azerbaijan in the energy sector, Azernews reports, referring to a tweet by UK Ambassador to Azerbaijan Fergus Auld.