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 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, …
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 …
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 …
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 …
