Iraq’s state oil marketing company SOMO has cancelled three crude loadings from Russia’s Lukoil this month…
Category: Prospects & Challenge
Offshore Setbacks Push Ørsted to $262 Million Loss in Q3
Ørsted, the world’s largest offshore wind developer, reported on Wednesday, November 5, a loss for the third quarter…
EU Countries Agree Deal on 2040 Climate Target – EU Danish presidency
EU countries’ climate ministers approved on Wednesday, November 5, a 2040 climate change target to cut…
NEMSA Uncovers 31 Safety Defects in Ebonyi Power Facilities
The Nigerian Electricity Management Services Agency (NEMSA) has intensified nationwide inspections, testing, and certification of electrical…
India’s Green Power Push Falters as Projects Struggle to Find Buyers
India is considering cancelling a significant portion of its green power projects that have failed to…
MUFG-Backed Green Loan Fund Attracts $600m
A climate finance platform co-founded by MUFG, Japan’s biggest financial group, has raised an initial $600…
EU Races to Finalise New Climate Target Ahead of COP30
EU climate ministers will make a last-ditch attempt to pass a new climate change target on…
Israeli Energy Minister Halts Approval of $35 Billion Gas Deal with Egypt
Israel’s energy minister said he was holding up the approval of a $35bn natural gas deal…
Marketers Raise Alarm as Nigeria’s 15% Fuel Import Duty Threatens Operations
Nigeria’s 15% fuel import duty on petrol and diesel has triggered strong reactions across the nation’s…
Government Set to Determine Future of Mozambique’s LNG Concession
Mozambican President Daniel Chapo has warned that the final decision on the new proposals by the…