A Nigerian solar plant and an Azerbaijan wind farm were among the 55 projects that received financing worth $1.7 billion from the OPEC Fund for International Development in 2023.
Aligned with the multilateral development finance institution’s Climate Action Plan, support for renewable energy projects constituted nearly 60 percent of all lending in the energy sector, according to a press release.
Indonesia’s Energy and Mineral Resources Ministry said on Friday it had signed a memorandum of understanding with Italian energy group Eni to accelerate its decarbonisation programmes.
As the 2023 U.N. Climate Change Conference, the 28th Conference of Parties (COP28) in Dubai drew to a close, the air was thick with determination among the 200 delegates. Acknowledging that the era of fossil fuels was on its last legs, they collectively pledged to hasten its demise. This was heralded as “the beginning of the end” for coal, oil, and natural gas. The nails and hammers were poised to pound the coffin of a sure- to-be- dead fossil fuel industry.
Gathered in the Crystal Palace Suite at the London Hilton hotel on Park Lane, were a collection of key UK
corporate leaders with roots in Ghana, including High Commissioner to the UK and Ireland, Papa OwusuAnkomah and Tullow Plc Chief Executive, Rahul Dhir.
Other Tullow Executives, including Director of People and Sustainability, Julia Ross, Ghana Managing
Director Wissam Al-Monthiry, his deputy, Cynthia Lumor and External Affairs Manager, David Amoah, were
also present.
GOIL UPSTREAM LTD, (GUL) a subsidiary of GOIL PLC has signed a Farm-out and Joint Operating Agreements with Planet One Oil and Gas Limited, a natural resources company for the operation of the Deepwater Cape Three Points (DWCTP) Block
Threat of Houthi attacks is causing exports to Asia to be rerouted via the southern tip of Africa.
The upstream industry hopes 2024 can be a bounce-back year for high-impact oil and gas drilling after a lackluster 2023, with Africa and Latin America likely to spearhead activities
QatarEnergy on Jan. 31 announced $6.2 billion in contract awards for the third phase of development at its offshore Al-Shaheen oil field, the country’s biggest, which will increase production by about 100,000 b/d.
Natural gas estimated at $1 billion and capable of powering millions of households was flared in Nigeria last year, according to BusinessDay findings.
The Trans Mountain pipeline project is inching closer to becoming operational and a commodities analyst says Canada’s oil sector will benefit significantly once the pipeline project comes online.