According to him, the country currently relies on approximately 150 megawatts, leading to ongoing load shedding across major cities, commonly referred to as Dumsor.
A report this week from the World Bank has set off alarm bells about a coming oil glut that has the potential to seriously disrupt global economics and trade patterns.
Saudi oil giant Aramco and Abu Dhabi’s ADNOC plan to expand their downstream businesses, especially in Asia, to lock in future demand for their crude in the petrochemicals sector.
Chinese oilfield services company Jereh has signed a development and production contract with state-run Midland Oil Company of Iraq to jointly develop the Mansuriya gasfield, Jereh announced on Thursday.
Trafigura is facing a loss of up to $1.1 billion in Mongolia, linked in part to suspected fraud by its own employees. According to Bloomberg, the company’s staff manipulated payments while concealing a mountain of overdue debts, a malpractice that continued for years without raising any red flags.
Being the first LNG project in the country, Coral Sul FLNG has helped Mozambique enter the global LNG market and monetise Africa’s largest gasfield.
Frustration has mounted over setbacks to hydrogen projects in Europe with recent news of projects put on hold
Woodside Energy has transferred a 15.1% interest in the Scarborough joint venture (JV) offshore/onshore Western Australia to Japanese power utility JERA for $1.4 billion.
BW Energy has signed production sharing contracts (PSCs) for two exploration blocks offshore Gabon: Niosi Marin and Guduma Marin (ex-G12-13 and H12-13).
Dangote Refinery in the Federal Republic of Nigeria, has denied receiving any payments for the purchase of refined petroleum products from the Independent Petroleum Marketers Association of Nigeria (IPMAN)