Automation continues to be the sticking point in the negotiations between the United States Maritime Alliance and the International Longshoremen’s Association to prevent the potential for a new strike that could shut down port operations from New England to Texas starting in mid-January. Recent negotiations, the first since the end of the three-day ILA strike that […]
Investors are bracing for a federal government likely to roll back aid for clean energy projects and to ease regulatory pressures on oil and gas companies, said Dan Pickering, chief investment officer for Pickering Energy Partners.
Under the Biden administration’s new rule, certain oil and gas facilities would be charged $900 per metric ton of “wasteful” emissions in CY 2024, $1,200 for CY 2025 and $1,500 for CY 2026.
House Speaker Mike Johnson and other Republican lawmakers have said they will press to expand oil and gas leases on federal lands. Johnson would also like to allow more drilling in Alaska’s National Petroleum Reserve, after the Biden administration enacted regulations to thwart drilling in more than half the area.
The deal between the Chinese state-owned CNCEC and the BFI Group, a major investor in the Aluminum Smelter Company of Nigeria, is expected to revive the 135 million standard cubic feet gas processing facility plant at the smelter. It was announced Tuesday by Nigeria’s minister of state for gas via a post on the social platform X.
NNPCL officials have hailed the agreement as unprecedented, particularly due to its zero capital expenditure outlay, making it a pioneering initiative in Nigeria’s gas distribution sector.
At a press conference held at the Kempinski Hotel today in Accra, the Minister of Trade and Industry, Herbert Krapa, further underscored the commitment to this initiative, announcing that Ghana aims to host a summit that will bring together African ministers, national oil companies, and regulatory bodies.
The Petroleum Hub is expected to ensure that all homes and industries in Ghana have access to reliable, affordable, and environmentally sustainable energy supply while creating 780,000 direct and indirect jobs for Ghanaians.
On clean energy, Mr. Nasir Mohammed disclosed that a “process has commenced to secure a one-million-euro grant from the United Nations Office for Project Services (UNOPS) for a grid feasibility study to increase the uptake of clean energy, following the establishment of the National Energy Transition Framework and Investment Plan.”
Addressing the World Climate Leaders Summit at the official opening at the COP29 on Wednesday [Nov13], President Akufo-Addo stressed that escalating impact of climate change, especially on vulnerable populations, required concerted efforts backed by real action to protect the current and future generations.