Petroleum Commission (PC) and its partners at the just ended 2022 Local Content and Exhibition Conference held in Takoradi in the Western Region have pledged to ensure a zero emissions by 2025.
n ambitious $25 billion project to build a gas pipeline between Nigeria and Morocco took another step forward today, with the signing of agreements with the governments of five littoral states through whose waters the line would be installed.
Energy prices remain stable for years, then spike, then revert back to old levels. Occasionally as in the 1970s during the Oil Embargo and Energy Crisis they really spike. And in 2021-2022, thanks to the Ukraine war, they rocketed up again. But how much impact do these episodes have on the economy?
Crude prices fell significantly at the beginning of the week despite robust US economic data coupled with strong labor figures and positive industry PMI.
In a year of global economic uncertainty fuelled by inflation, geopolitical crises and supply chain insecurity, the Middle East witnessed a second consecutive year of economic growth, with countries in the region investing in new technologies and projects that could herald greater integration in the years ahead.
The enforcement of the price ceiling for Russian oil transported by sea enacted on December 5 is not a surprise, as this measure was being discussed by the Unites States and its key partners as early as September 2022
U.S. exports of crude oil and petroleum products hit an all-time high of 11.8 million barrels per day (bpd) last week, The Maritime Executive reports.
The chief executive of the National Petroleum Authority (NPA), Dr Mustapha Abdul-Hamid, has said the authority’s goal in the energy sector is to help to eradicate energy poverty.
Nigeria is one of the world’s largest oil producers, yet, has failed to develop an oil refinery sector.
One key lesson of the past year is that the world is not ready to move away from oil and gas as the dominant source of fuel, according to JPMorgan Chase CEO Jamie Dimon.