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).
As early as next year, almost two-thirds of the gas produced by ORLEN Group on the Norwegian Continental Shelf will come from facilities powered by renewable energy produced onshore and delivered with submarine power cables. Such a solution has already been applied to the platforms at the Gina Krog, Ormen Lange, and Duva fields and will result in the abatement of over 88,000 tonnes of CO2 in 2024. There are also plans to electrify the Fenris and Yggdrasil fields, which are currently under development.
A new crisis is brewing in one of the world’s trade arteries, threatening to snarl supply chains and push up oil prices and broader inflation at a time of slowing economic growth.
Editor OilPrice.com
Tue, December 19, 2023 at 7:30 PM GMT·2 min read
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The benchmark U.S. natural gas prices fell by 3% early on Tuesday after the latest models overnight showed that most of the U.S. will see warmer than normal temperatures over the next week.
The U.S. is heading into the New Year as the world’s largest oil producer, according to the latest industry research.