The global energy industry is at a turning point. Unprecedented shocks to the global economy stemming from the Covid-19 pandemic and compounded exponentially by Russia’s illegal war in Ukraine have caused massive disruption to the global economy and forced nations around the world to rethink their energy policies and energy security strategies, opening a window for a genuine clean energy transition without the usual inertia faced by such a revolution.
The Institute for Energy Policies and Research (INSTEPR) has said about $500 million was needed to revamp the Tema Oil Refinery.
Government is collaborating with the private sector to develop a petroleum hub in the Jomoro district of the Western region at a cost of six billion dollars.
The UK North Sea still has a lot to offer when it comes to oil and gas reserves yet to be produced. However, unpredictable fiscal conditions are denting the confidence of offshore energy-producing companies to invest and revitalize oil and gas exploration activity, Offshore Energies UK said in a report on Tuesday.
A new briefing launched today at COP27 in Sharm-el-Sheikh by Oil Change International reveals that new oil and gas production approved to date in 2022 and at risk of approval over the next three years could cumulatively cause 70 billion tonnes (Gt) of new carbon pollution if fully developed. That is equivalent to:
Angola’s deepwater market success continues to shine a spotlight on the country’s untapped oil and gas potential. The country’s exploration opportunities remain high with recent deepwater discoveries making clear the frontier potential of the mature producer.
After months of uncertainty in its daily oil production target, Nigeria finally exceeded the 1 million barrels per day (BPD) target in October, a feat which has seen the country exceed the oil production targets achieved in August and September.
The House of Representatives adhoc committee investigating the Joint Venture (JV) businesses and Production Sharing Contracts (PSCs) of the Nigerian National Petroleum Company Limited (NNPCL) says all the oil companies in Nigeria are operating without Certificate of Acceptance on Fixed Assets (CAFA).
A cap on greenhouse gas emissions from Canada’s oil and gas sector will be ready by the end of next year, Environment Minister Steven Guilbeault said Monday.
The House of Representatives ad hoc Committee on structure and accountability of Joint Venture (JV) Business and Production Sharing Contracts (PSCS) of Nigerian National Petroleum Company (NNPC) Ltd. has summoned Total Upstream over tax claims of $85 billion.