The Global Debate: Reducing Fossil Fuel Subsidies to Combat Climate Change Governments worldwide continue to allocate billions to fossil fuel subsidies to keep energy costs affordable for citizens. However, these measures come at a significant economic cost, create inefficiencies in energy markets, and hinder the transition to cleaner energy sources. Addressing these subsidies is essential…
Oil Prices Dip Amid Weak Chinese Spending and Fed Rate Decision Anticipation Oil prices edged lower on Monday, reversing gains from last week, as weak consumer spending data from China raised concerns about demand in the world’s largest oil-importing nation. Investors also took a cautious stance ahead of the U.S. Federal Reserve’s highly anticipated interest…
Shell Invests in Bonga North, Extends Nigeria’s Oil Production Shell Nigeria Exploration and Production Company Limited (SNEPCo) has announced a major investment in the Bonga North deep-water project, located off the coast of Nigeria. This decision marks a significant step towards sustaining oil and gas production in the region. Key Points: Subsea Tie-back: Bonga North…
Oil Rebounds on Smaller than Expected Crude Build Crude oil prices gained slightly after the Energy Information Administration confirmed the API’s estimate of an inventory build for the week to February 25. Crude oil inventories added 1.2 million barrels in the reporting period, the EIA said, adding that at 480.2 million barrels they…
Middle East Energy Returns to Guide Energy Conversations across Middle East and African Region …key stakeholders to address Energy transition needs in Nigeria Middle East Energy, the leading energy industry event in the Middle East and Africa (MEA) region, will be making a highly-anticipated return to the Dubai World Trade Centre from 7…
APM Terminals Relaunches Vessel Inspection App The relaunched app, which has new features to further support safe working environments for stevedores and other terminal staff, is available in six languages namely Arabic, English, French, Georgian, Portuguese and Spanish. It also takes inspectors through a standardised eight-step procedure, ensuring consistent, comparable and tracked results. The relaunched…
