Days ahead of the key OPEC+ meeting on June 4, the leading producers in the group, Saudi Arabia and Russia, are at odds about output policy.
Global Energy Monitor analysis shows 30 companies, including UAE’s Abu Dhabi National Oil, contribute to nearly half of the energy industries’ methane emissions.
In short, it depends, Ed Morse, the Global Head of Commodities Research at Citi, told Rigzone.
The country’s upstream oil and gas industry is expected to witness some positive sentiments following the submission of a plan of development (PoD) of Deepwater Tano Cape Three Points (DWT/CTP) block to the Ministry of Energy by Pecan Energies.
Paris: Global investment in clean energy is on course to rise to $1.7 trillion in 2023, with solar set to eclipse oil production for the first time.
Leading carbon capture solutions provider, Carbon Clean, has announced the award of a new contract to global engineering experts, KBR, for the detailed design of a carbon capture plant for Ørsted’s FlagshipONE project in Sweden.
Nearly 70 years on, the country has risen to become one of the biggest producers and exporters in Africa, with production hitting an all-time high of two million barrels per day (bpd) in 2010.
The Minister of Power, Abubakar Aliyu, has announced that the long-awaited Zungeru Hydroelectric power project has been completed, and is already supplying 700 megawatts of electricity to the national grid.
Aliyu, who spoke at a farewell party organised for him and the Minister of State, Goddy Jedy-Agba, noted that the development will boost power supply nationwide and significantly fill the gap in the nation’s electricity demand.
The International Energy Agency (IEA) has said that a significant amount of oil and gas profits made in 2022 were used to increase shareholder returns as opposed to investing in clean energy.
Condor Energies, a Canadian based energy transition company, has signed a Heads of Agreement (‘HoA’) with the Ministry of Energy, the Ministry of Mining Industry and Geology and the national hydrocarbon energy company JSC Uzbekneftegaz (‘UNG’) of the Republic of Uzbekistan.