Oil and Gas Firms making ‘Almost No Progress’ Towards Paris Goals Top oil and gas companies have made little progress in turning away from hydrocarbons and towards the goals of the 2015 Paris climate deal, multinational nonprofit platform CDP said on Thursday. Scientists say that by 2030 the world needs to cut greenhouse gas emissions…
Treat Crude Oil Spills as Disaster, YEAC Tells FG, Oil Operators The Youths and Environmental Advocacy Centre, YEAC-Nigeria, has urged the Federal government as well as multinational and indigenous oil companies in the country to treat crude oil spill incidents as disaster and an emergency that requires immediate response to contain and address. Executive Director…
Oil Prices Gain 2% on Big Decline in US Crude Storage Oil prices rose about 2% on Wednesday as the second straight weekly draw from U.S. crude stockpiles was bigger than expected, which offset worries that further interest rate hikes could slow economic growth and reduce global oil demand. Brent futures rose $1.47, or 2.0%,…
Jobs in US Energy Grew 3.8% in 2022, Led by Work in Clean Energy Jobs in the U.S. energy industry rose 3.8% last year, faster than overall employment growth and led by work in clean energy, the Department of Energy said on Wednesday. The U.S. Energy and Employment Report showed jobs in clean energy, a…
U.S. Slams Sanctions on Wagner-Linked Gold Miners The United States has imposed sanctions on four companies linked to the Russian private mercenary group Wagner and its leader, Yevgeny Prigozhin, that it said are active in illicit gold mining and trade.The companies are tied to illicit gold dealings that fund the Wagner group to sustain and…
LNG Exports Have Sent U.S. Natural Gas Demand Surging This Decade Rising exports of LNG from the U.S. Gulf Coast drove a 43% surge in U.S. natural gas demand in the decade to 2022, the U.S. Energy Information Administration (EIA) said on Tuesday. Demand for natural gas in America – including for domestic consumption and…
Uzbekistan’s Commercial Ties with Russia Draw EU Sanctions The latest set of European Union sanctions aimed at exerting pressure on Russia includes two companies based in Uzbekistan among the list of entities seen lending support to the ongoing invasion of Ukraine. Their inclusion among the 87 companies added on June 23 to an ever-growing list…
Oil Prices Surge as Russia Mutiny Raises Supply Disruption Concerns Political turmoil in Russia following a failed mutiny by Russian mercenaries has sparked concerns over oil supply, leading to a surge in oil prices during early Asian trade. Brent crude futures climbed 1.3% or 95 cents, reaching $74.80 a barrel, while U.S. West Texas Intermediate…
Bayelsa, Rivers communities get free eye care from NNPC, Shell “Vision First” Hundreds of people from Rivers State’s Edeoha community in Ahoada East Local Government Area; and Bayelsa State’s Onopa Community in Yenagoa Local Government Area have benefited from free critical eye-care, including surgeries, at the kick-off of “Vision First Initiative”, a community-focused eye care programme of…
U.S. Oil Refiners again Expand Fuel Capacity after big Shrink U.S. crude oil refining capacity has reversed two years of declines and climbed by more than 100,000 barrels, to 18.1 million barrels per day (bpd), according to a government report released on Wednesday. During the first two years of the COVID-19 pandemic, processing capacity to…
