The average daily petrol consumption by Nigerians fell by 28 per cent since President Bola Tinubu scrapped the country’s costly subsidy on fuel on May 29, data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has shown.
RIYADH: US energy firms last week added oil and natural gas rigs for the first time in 10 weeks due to the biggest weekly increase in gas rigs since October 2016, energy services firm Baker Hughes Co. said in its closely followed report.
The government of Iraq and TotalEnergies earlier today signed a long-awaited deal worth $27 billion that should see Iraq’s oil production grow and boost its reliance on domestic gas for power generation.
Angola, a country rich in natural resources, has been striving to diversify its economy and reduce its dependence on oil.
Ghana’s quest to add nuclear power to its energy mix is on course and progressing steadily, the Minister of Environment, Science, Technology and Innovation, Dr Kwaku Afriyie, has said
The Inflation Reduction Act (IRA) provides incentives for accelerating the rollout of clean energy in the United States and for a surge in green jobs.
The energy transition is slow. In 2021, on average 82% of global primary energy came from fossil fuels (coal, oil and natural gas) (BP 2022).
Kazakhstan has resumed oil flows through its key Caspian Pipeline export route to international markets as the west of the country endured a third day of blackouts.
TechnipFMC has been awarded a significant contract by Azule Energy to supply subsea production systems for the Block 18 Infills development, offshore Angola.