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Climate Crisis Puts Oil In The Crosshairs, But Dependence Persists

A call for the end of oil has been thrust into the spotlight this year. Fossil fuels – which still represent 80 percent of energy consumed – have been explicitly blamed for driving climate change. The International Energy Agency believes that oil demand is still set to rise. The climate crisis has put the end

Despite Emergency Oil Releases, Omicron Fears, OPEC Sticks to 400,000bpd Supply Hike

Despite concerns over the new Covid-19 variant, Omicron, and recent emergency oil reserves releases by a United States-led coalition, the Organisation of Petroleum Exporting Countries (OPEC) and its allies known as OPEC+ yesterday resolved to stick with its current production policy of 400,000 bpd monthly increases in January. The decision came as a surprise to

Nigeria: IOCs Bank On PIA for Increased Investment Inflows, Opportunities in Nigeria’s Oil, Gas Sector

For the umpteenth time, the international oil companies (IOCs) operating in Nigeria have restated their confidence that the advent of the Petroleum Industry Act (PIA) will trigger an increase in investment inflows and opportunities in the country’s petroleum industry. The oil majors, who recognised the ongoing energy transition, its inevitability and impact on fossil fuels

Ghana Offers Attractive Upstream Alternative to East Africa Dominion

For the last two decades, Africa has been considered the new frontier of oil and gas exploration, with many of the major global petroleum companies scrambling to acquire assets in an as-yet undeveloped reserve of natural resources which are crucial to the way we live our lives today. While the East African powerhouse of Kenya,