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 …
Climate change poses one of the biggest long-term risks to the global economy and companies, including big oil and gas firms such as Shell, have to be open about how the risks will affect them, its chief executive said on Tuesday. Shell, one of the biggest oil and gas producing …
The best available science shows an urgent need to keep global temperature increases below 1.5°C to avoid severe disruptions to people and ecosystems. Recent analysis shows that burning the reserves in already operating oil and gas fields alone, even if coal mining is completely phased out, would take the world …
The French government has said that it has set aside about one billion euros to be invested in the Nigeria Oil and Gas industry, stating that Nigeria remains her first economic trading partner in Africa. France Ambassador to Nigeria, His Excellency, Denys Gauer, declared this when the group general manager, …
This report, produced by Carbon Tracker, Principles for Responsible Investment (UN PRI) and leading institutional investors, is the first to rank 69 of the biggest oil and gas industry companies according to the extent of their exposure to the low-carbon transition. It provides a way of understanding whether the supply …
Some of the world’s top banks are continuing to lend tens of billions for extracting the most carbon-intensive fossil fuels, according to a report of top lenders. Finance provided for these fossil fuels – tar sands and other unconventional oil and gas, as well as coal and liquefied natural gas …
The U.S. Environmental Protection Agency said Tuesday it would propose a two-year stay of the previous administration's oil and gas industry methane emissions standards while the agency reconsiders the regulation. The move would extend the 90-day administrative stay announced on May 31 of the 2016 New Source Performance Standards for …
The 2017 edition of the BP Statistical Review of World Energy, shows global energy markets continuing to undergo long-term changes as they also adapt to nearer-term price challenges. Data published in the Review – the 66th annual edition – clearly demonstrate the long-term transitions now underway in the markets, with …
Uganda‘s push to have first oil by 2020 now looks more viable after it inked an intergovernmental agreement with the United Republic of Tanzania, paving the way for the construction of the crude oil pipeline. The decision for the East African Community Oil Pipeline (EACOP) to run from Kabaale in …
ARUSHA, Tanzania (Xinhua) -- Tanzanian President John Magufuli and his Ugandan counterpart Yoweri Museveni on Sunday signed an agreement to start construction of the crude oil pipeline from Hoima to Tanga Port. According to a statement issued by Tanzania’s State House, the two leaders signed a communique agreeing to start …
The Council for Renewable Energy Nigeria (CREN) has advocated the deployment of renewable energy following concerns of possible depletion of the nation’s hydrocarbon resources by 2045. The Council noted that the current high demand for crude oil and gas for economic development is putting pressure on such resources, hence the …
Buliisa — The baseline survey for the East African Crude Oil Pipeline (EACOP) to establish the routes of the flow lines from oil pads to the Central Processing Facility (CPF) in Buliisa District is underway. The Buliisa District vice chairman Geoffrey Matongo, told Daily Monitor last Monday that the survey …
TUNIS (Reuters) - Tunisia's President Beji Caid Essebsi on Wednesday ordered the army to protect facilities linked to phosphate, gas and oil production after protests aimed at disrupting output broke out in the south of the country. It is the first time troops in Tunisia will be deployed to protect …
Validation of volatile organic compound (VOC) emission reports, especially from large industrial facilities, is rarely attempted. Given uncertainties in emission reports, their evaluation and validation will build confidence in emission inventories. It is shown that a top-down approach can provide measurement-based emission rates for such emission validation. Comparisons with emission …
Mismanagement and oversight could significantly limit Tanzania to benefit from the new oil and gas discoveries, reveals a new audit report. The Controller and Auditor General, Prof Mussa Assad, has noted that Tanzanians may not fully benefit from their substantial oil and gas discoveries, the Citizen reported. One significant example …
Nigeria’s crude oil production fell by 156,900 barrels per day (bpd) to 1.269 million bpd in March, from 1.426mbpd recorded in February. Consequently, the country lost its status as Africa’s top oil producer to Angola, according to latest data from the Organisation of Petroleum Exporting Countries (OPEC). With the cumulative …
Dodoma — Tanzania may not fully benefit from its substantial oil and gas discoveries due to myriad loopholes in the management of the resource, the National Audit Office has warned. In the latest audit report, the Controller and Auditor General, Prof Mussa Assad, punched holes in the oil and gas …
The Nigerian Senate has received the report on the Petroleum Industry Governance Bill from its joint petroleum committee, marking the farthest step in reforming the country’s oil and gas sector through legislation in years. The report was laid on Thursday by the joint committee which consists of members of the …
Libya’s biggest oil field was said to stop producing, leading to a 20 percent decline in crude output from the country with Africa’s largest reserves. The OPEC nation’s output dropped to 560,000 barrels a day, according to a person familiar with the matter who isn’t authorized to speak to the …
President Donald Trump on Tuesday signed an order to undo Obama-era climate change regulations, keeping a campaign promise to support the coal industry and calling into question U.S. support for an international deal to fight global warming. Flanked by coal miners and coal company executives, Trump proclaimed his "Energy Independence" …
In a major move to boost cooperation in oil sector, Saudi Aramco signed an agreement with Malaysia’s national oil company Petronas here on Tuesday. The deal will allow Aramco’s equity participation in Petronas, which is developing a high-tech $27 billion oil processing hub in southern Johor state bordering Singapore. King …
