The Report looks in-depth at how India’s role on the global oil market may evolve over the period through to 2030. It examines investment plans for the refining and petrochemical industry and how these developments may impact Indian crude and product net trade. The Report looks at energy transition trends …
The President of the Nigerian Association for Energy Economics (NAEE), Prof. Wumi Iledare, has disclosed that about $15.6billion would be required to provide stable electricity in the country. He made the disclosure yesterday in Abuja, at the 2017 World Energy Day. According to him, the Federal Government and the private …
This report, the first study in Africa, explores how African governments use financial models to manage oil & gas and mining projects. Jointly produced by the African Natural Resources Center of the AfDB and Open Oil, a boutique financial advisory firm, the study begins with the simple notion that no …
(Reuters) - A group of 38 U.S. senators asked the U.S. Environmental Protection Agency on Thursday to abandon plans to lower biofuel requirements for oil refiners in 2018, according to a letter made public by the office of Democratic Senator Amy Klobuchar of Minnesota. The senators, including Republican Senator Chuck …
OSLO (Reuters) - Norway will study ways to make its economy greener and reduce dependence on oil and gas reserves that are likely to lose value amid efforts to slow climate change, Environment Minister Vidar Helgesen said on Thursday. A government commission of experts, to be appointed in coming days, …
WASHINGTON (Reuters) - The U.S. Interior Department this week will try again to delay parts of an Obama-era rule to limit methane emissions from oil and gas production on federal lands, a rule Congress upheld earlier in the year, a document showed on Wednesday. The rule, finalized by the Interior …
Only around 10% of the UK’s original offshore recoverable oil and gas reserves now remain, according to a new study from the University of Edinburgh. This means that at current rates of extraction, the UK’s reserves will only last another decade or so. Once the UK’s oil and gas reserves …
The cities of San Francisco and Oakland in California have filed separate lawsuits against 5 of the largest oil companies in the world for the roles played by those companies in anthropogenic climate warming and rising sea levels, public documents have revealed. These California cities are seeking billions of dollars …
Dodoma — Tanzania Parliament has ratified the treaty concerning the crude oil pipeline between Tanzania and Uganda ahead of the construction expected to start early 2018. The National Assembly passed the agreement on Monday afternoon, September 11, 2017, after comments from the energy and minerals committee, opposition and a short …
France plans to pass legislation this year to phase out all oil and gas exploration and production on its mainland and overseas territories by 2040, becoming the first country to do so, according to a draft bill presented on Wednesday. President Emmanuel Macron wants to make France carbon neutral by …
South Africa and Russia on Monday signed an agreement that will see about US$400 million invested in oil and gas development. The agreement between PetroSA, the oil and gas corporation of South Africa, and Rosgeo, geological exploration company of the Russian Federation, was signed at the 9th annual BRICS Summit, …
This research shows that governments in Europe and the European Union (EU) are continuing to subsidise oil, gas and coal, fuelling dangerous climate change with taxpayers’ money both at home and abroad. The EU and all its Member States have committed to phasing out environmentally harmful subsidies, including those to …
Equatorial Guinea is demanding 48 billion CFA francs (73 million euros) payment from Total. The Cnetral African country is accusing the French oil giants of fraud, the AFP news agency reports. According to Finance Minister, Miguel Egonga Obiang, Total’s fraudulent dealings for which they are seeking the damages occurred with …
An ambitious target to phase out sales of new petrol and diesel cars by 2030 could halve UK oil imports, a study by environmental and aid organisations suggests. The government has announced plans to ban the sale of conventional combustion engine cars and vans by 2040 as part of its …
Cabinet has approved the $3.55 billion inter-governmental agreement between Uganda and Tanzania for the East African Crude Oil Pipeline (EACOP) Project. In a statement issued on Saturday, the minister of Information and Communication Technology, Frank Tumwebaze, said cabinet discussed and approved the agreement on Friday. The framework agreement, which provides …
The Ghana Energy Awards, an awards program which will acknowledge outstanding industry players and their achievements will be launched on August 30th. Promising to be the leading endorsement of the country’s energy sector, the program is set to open nominations from September 1, 2017 to September 30, 2017. Mr Henry …
The leaders of Tanzania and Uganda on Saturday laid a foundation stone for the construction of a Sh360.5 billion crude export pipeline that would pump Ugandan oil for international markets. The 1,445 km-project - set for completion by 2020 - will stretch from landlocked Uganda’s western region, where crude reserves …
LAGOS - The new National Petroleum Policy will ultimately remove barriers affecting investment and development of the oil and gas sector in Nigeria, Minister of Petroleum Resources, Ibe Kachikwu, said Wednesday. The 100-page document was very comprehensive on all aspects of the oil industry, the minister said in a statement …
Using growth regressions with panel data, this study identifies the determinants of economic growth, highlighting in particular the role of natural resources and institutional quality. The overarching aim of this exercise is to learn about the drivers of growth in Nigeria, and to predict growth rates of gross domestic product …
The 2030 Agenda for Sustainable Development, with its 17 goals, represents the world’s plan of action for overcoming poverty while protecting the planet and ensuring that all people enjoy peace and prosperity. The Sustainable Development Goals (SDGs) emphasize that economic growth needs to be accompanied by social fairness and environmental …
ABUJA (Reuters) - Nigeria's lower house of parliament called on Wednesday for ex- president Goodluck Jonathan to testify in an inquiry into the contested sale of an oil block during his tenure, the investigating committee said. Investigations into the $1.3 billion sale in 2011 of oil prospecting licence (OPL) 245, …
