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.
Prasad went on to discuss Namibia’s potential to become an energy hub for the region in the coming years, with Shell having already drilled another wildcat 8km from the Graff discovery
Oil giant Tullow Oil is expecting to rake in $200 million in free cash flow at an average oil price of $95 a barrel in 2022
We are certainly very excited about encountering this gas zone in the Kruh 28 well
about 400,000 barrels per day, bpd, shortfall against the 1.88 mbpd, output benchmark in the 2022 budget.
Norway’s energy ministry has approved three development projects to increase gas output on the Norwegian Continental Shelf
Germany is in negotiations with some of the world’s top liquefied natural gas suppliers
Brent crude futures for September had fallen US$1.81 to US$105.29 a barrel by 0633 GMT, while U.S. West Texas Intermediate crude for August delivery was at US$102.14 a barrel
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
The narrative that the world will be able to quickly and effectively move away from fossil fuels has been majorly undermined this year.