Global methane emissions from energy were only slightly below record high levels in 2022, the International Energy Agency (IEA) has confirmed, arguing that there is “just no excuse” for oil and gas firms not to intervene.
Moscow mitigated restrictions on its energy industries, partially by granting favorable prices to China and India.
WoodMac: global reserves of both low-cost and low-emission oil and gas stocks are dwindling.
Global investment in energy transition technologies hit $1.3 trillion in 2022, a 19% increase from the year before
The Federal Government is reviving shut-in crude oil wells in a bid to produce about 2.1 million barrels of oil daily, with an estimated worth of N2.4tn monthly, from various drilling facilities in the Niger Delta.
The Minister of State, Petroleum Resources, Chief Timipre Sylva, has said that Nigeria will soon attain two million barrels of daily crude oil production target.
SHARJAH — Crescent Petroleum, the Middle East’s oldest privately-owned upstream oil and gas company, has signed three twenty-year agreements with Iraq’s Ministry of Oil to appraise, develop, and produce oil and gas from two blocks in Diyala governorate and one in Basra governorate.
Internal tensions are rising within the Net-Zero Banking Alliance, an offshoot of the Glasgow Financial Alliance for Net Zero, as transition-focused members get annoyed that less conscientious ones are being allowed to continue financing oil and gas.
The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr Gbenga Komolafe, has said that the current quick-win interventions by the organisation and industry stakeholders could boost Nigeria’s oil production by about 900,000 barrels per day in the short term.
Approximately 40 percent of crude oil losses in the Nigerian petroleum industry are due to measurement inaccuracies and not theft.