With the country expecting its fourth consecutive decline in oil production since 2010 – as a result of reduced production in all three existing oil fields, industry experts are raising concerns about the impact on Ghana National Petroleum Corporation’s (GNPC) financial stability.
After a decade-long wait, regulatory barriers to the establishment and expansion of wind farms in Hungary have been lifted thanks to a package of legislation that entered into force on 1 January 2024. The legislation both reduces the protection zone for wind farms from 12 km to 700 meters and repeals the mandatory tendering procedure for wind farm capacity. However, will these changes be sufficient to reignite wind farm development in Hungary?
1. Why has no wind farm been built in Hungary for over a decade?
Initially, the establishment of wind farms above household size were possible only by means of a tendering procedure set out in KHEM Decree No. 33/2009. (VI. 30.) governing the terms of the call for tenders, the requisite tender content, and the procedure’s regulations (the “KHEM Decree”). However, despite this framework, no such call for tenders has been issued.
Japan’s Ministry of Economy, Trade and Industry has signed memorandums of cooperation in the area of decarbonization with the governments of Uzbekistan and Kazakhstan.
Under the deal, inked Tuesday, Japan will supply renewable energy and energy-saving technologies to the two Central Asian countries, both heavily dependent on thermal power generation.
Algeria exported 97 million tonnes of oil equivalent in 2023, up 3.5 percent from the previous year, the state-owned APS news agency said on Tuesday.
We released a new market study on “Saudi Arabia Oil and Gas Market” Research Report 2023-2032 Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and
Asharami Energy, a Sahara Group upstream company, has been awarded the international Organization for Standardization (ISO) 20400 certification for sustainable procurement.
The block will help increase ONGC’s total production of oil and natural gas by 11% and 15% respectively; peak production of the field is expected to be around 45,000 barrels of oil per day and over 10 MMSCMD of gas
Globally, the average cost of a liter of gasoline is 1.30 USD. However, these costs vary significantly between countries.
The Central Bank of Libya said Sunday that the country’s oil revenues in 2023 were 111.4 billion Libyan dinars (about 23.3 billion U.S. dollars).
The U.S. government will hold an auction of oil and gas leases in the Gulf of Mexico following several delays due to litigation over the drilling industry’s impact on an endangered species of whale.