Tag: Oil and Gas News
Europe’s Natural Gas Shortage Could Trigger A Food Crisis
The problem with an energy crisis is that it’s actually an everything crisis. In a world where virtually every industry relies on energy in...
Oil Prices Fluctuate Amid Demand Worries and Economic Uncertainty
Global oil prices fluctuated yesterday at the start of trading, before climbing back up as demand concerns and economic uncertainty continue to weigh on...
Solar Helps EU Avoid €29bn In Gas Imports Over 4 Months
...Share of solar in EU's electricity generation up from 9.4% from May to August last year to 12.2% in same period this year
The European...
Global Oil Prices Swing After Sharp Decline on Demand Concerns
...Amid rising interest rates and a strong dollar
Global oil prices fluctuated yesterday after a sharp decline from the previous day due to growing fears...
EU Unveils Price Cap Plan On Non-Gas Generated Electricity
The European Commission has presented a draft proposal meant to intervene in the worsening energy crisis. The draft looks to place a price cap...
Oil Prices Yield To Global Recession Fears
As fears of global recession appear to be driving the oil markets into a longer-term spiral downwards, Brent and WTI broke new grounds through...
New British PM Face Parliament Today with Plans to Contain Soaring...
...Rules out windfall tax on energy giants
Britain's newly elected Prime Minister, Liz Truss, who appears before parliament today, is expected to unveil a new...
France Kicks Germany Midcat Gas Pipeline Plan
...Proposed Midcat Transverses Portugal, Spain and Algeria Â
France has opposed Germany’s plan to build a gas pipeline from Portugal running through Spain and France...
D-8 Organisation Pledges Support New Nigeria’s Energy Transition Plan
The group, Developing Eight Organisation for Economic Cooperation (D-8)-member countries have indicated readiness to partner with Nigeria on the recently launched Energy Transition Plan.Receiving...
As Gas Price Soar, China Steps Up LNG Sales To Europe
China seems committed to rescuing Europe in the face of gas dearth occasioned by the absence of Russian gas. Bloomberg reported yesterday that China’s...
Foreign Investors Find Key Market in India Renewable Industry
Several renewable energy firms and experts around the globe have highlighted India as a key market for their renewable energy investment, following the country’s...
Soaring Gas Prices: Germany Announces $65bn Plan for Energy & Inflation...
Germany has announced a relief plan worth €65 billion ($65 billion) as the country attempt to tackle rampant inflation, caused by soaring gas prices.Â
However,...
Germany And Europe Set For Energy Rationing After Russian Gas Cuts
...Uniper, Germany's biggest gas importer of Russia gas, considers legal actionÂ
German gas importer Uniper has said that the country does not rule out undertaking...
One Week to Go Until South Sudan Oil & Power 2022
With one week to go until regional and global stakeholders convene in the capital city of Juba, South Sudan Oil & Power 2022 is...
Technip Energies, Petrosen Sign Local Content Pact
French engineering and technology company, Technip Energies and Senegal’s national oil company, Petrosen, have entered into a 3-year local content partnership.
Under the terms of...
Oil Prices React to Possible OPEC+ Production Cut Today
Both Brent crude and WTI had commenced gains, capping up to 2% as at last Friday. Brent crude traded at $94.10 per barrel and...
FG Declares NCDMB No 1 Among 5 Most Performing MDAs in...
The Presidential Enabling Business Environment Council (PEBEC) has named the Nigerian Content Development and Monitoring Board (NCDMB) as first in the 2021/2022 Executive Order...
US, Iran Nuclear Talks Uncertain As Report Reveals Iran Is Still...
A confidential report by the International Atomic Energy Agency (IAEA) has revealed that Iran is still enriching uranium. The report seem to be throwing...
EU May Intervene in Energy Market Amid Skyrocketing Prices
Reports say that the European Union is closer to potentially intervening on the bloc’s electricity market as energy prices soar ahead of what would...
Goldman Sachs Predicts UK Inflation Could Break 22% If Gas Prices...
Goldman Sachs has forecasted that inflation in the United Kingdom could soar to the highest level since 1975 if global gas prices do not...
