The Environmental Protection Agency (EPA) will try again to limit carbon dioxide emissions from power plants, having failed to do so during the Obama administration. Well, if at first you don’t succeed…
According to a new report from Baker Hughes Co., the US natural gas sector is rapidly pulling drilling rigs from the field due to oversupply conditions that have led to a collapse in natural gas prices over a nine-month period. Baker Hughes reported Friday that exploration companies reduced rigs by 16 to 141 this week. […]
Crude oil prices have been on a losing streak for four consecutive weeks now, erasing all the gains they booked after OPEC’s latest supply cut announcement as economic fears take precedence over demand expectations. When the cartel announced the cuts, almost every bank with a commodities department rushed to update their price forecasts, expecting prices […]
Crude oil prices were on the rise on Monday as the market continued to fear a tightening of crude supplies on Canadian wildfires.
Ghana, a country facing increasing electricity demand and limited power sources, is appealing to developed nations with established nuclear industries to provide assistance in building its own nuclear infrastructure.
NIGERIA’s oil production, including condensate, dropped month-on-month, MoM, by 17.7 percent to 1.25 million barrels per day, bpd in April 2023, from 1.52 million bpd recorded in the preceding month of March 2023.
Global oil and gas spending for 2022 and 2023 has been revised upwards, with investment set to hit $1.1 trillion driven largely by energy security concerns following supply challenges caused by the Russian-Ukraine war, according to energy market intelligence firm Rystad Energy
The Chief Executive Officer (CEO) of Africa Center for Energy Policy (ACEP), Benjamin Boakye, says there’s nothing wrong with companies in the oil and gas industry flaring gas if there’s no basis and capacity to keep such resources.
TEHRAN – The capacity of Iran’s renewable power plants has increased by two percent in the first month of the current Iranian calendar year (March 21-April 20), from its previous month.
Africa Oil Corp has announced its operating and interim consolidated financial results for the three months ended March 31, 2023.