OPEC Secretary General, Haitham Al Ghais, has criticised the International Energy Agency (IEA) for its recent statement, stating that it overly focuses on specific issues and unfairly blames the oil and gas industry for the climate crisis. The post OPEC Read More
IEA says world needs $600b yearly for national grid devt
The International Energy Agency (IEA) has announced that an investment of $600 billion must be injected yearly into the development of energy grids worldwide to prevent gridlock, as highlighted in a recent report. The post IEA says world needs $600b Read More
Global energy crisis triggers record demand for natural gas
The global energy crisis has caused a record demand for natural gas as countries seek to reduce reliance on traditional fossil fuels, the International Energy Agency’s (IEA) has said in this week’s industry report. The post Global energy crisis triggers Read More
45 countries commit to doubling global energy efficiency by 2030
About 45 governments across the globe have endorsed the goal of doubling the average global rate of energy efficiency by the end of the decade. The post 45 countries commit to doubling global energy efficiency by 2030 appeared first on Read More
Despite energy transition, oil discoveries drive exploration to record high
New global oil and gas discoveries hit record high in a decade last year, spurring value creation from the exploration segment to about $33 billion at base. The post Despite energy transition, oil discoveries drive exploration to record high appeared Read More
Addressing uncertainties in upstream oil sector through regulatory instruments
The upstream segment of the petroleum industry is possibly the first target in the push against continuous use of fossil fuels. By halting funding for oil and gas exploration and production, most clean energy activists believe… The post Addressing uncertainties Read More
Panic as IEA projects oil market tightness, volatility
Oil markets will tighten “significantly” if the OPEC+ stalemate continues, the IEA has said. According to the IEA, until the group reaches The post Panic as IEA projects oil market tightness, volatility appeared first on The Guardian Nigeria News – Read More