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
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
More than 120 world leaders met in Glasgow on Monday in a “last, best hope” to tackle the climate crisis and avert a looming global disaster. “It’s one minute to midnight and we need to act now,” British Prime Minister Boris Johnson was due to tell them, according to extracts from his speech. “If we
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,
Africa Oil Week the leading oil and gas show in Africa, has announced a stellar line-up of speakers for the 27th edition, scheduled to be held from 8-11 November 2021, at Madinat Jumeirah in Dubai. Attendees can look forward to engaging and forward-thinking discussions which are designed to support the African upstream as it emerges
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