Industry

Governments should use COVID-19 recovery efforts to phase out support for fossil fuels

building 2058 640As governments design stimulus measures for economies hit by the COVID-19 crisis, they should take the opportunity of historically low oil prices to redirect some of the half a trillion dollars spent annually supporting fossil fuels into sustainable investment including low-carbon energy, according to the OECD and the International Energy Agency (IEA)

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Aker Energy Ghana commits to finding solution for Pecan field development

oil industry 4663283 640Norwegian oil company Aker Energy has reaffirmed its commitment to finding a solution that will enable a phased development of the offshore Pecan field in Ghana to commence

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Oil prices rise on OPEC+ production cuts

sunset 5003660 640Oil prices climbed on Monday 8 June following the agreement of OPEC and its non-OPEC allies to extend the 9.7mn bpd production cut in June for another month

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‘Oil and gas companies are pushing for sustainable practices’

9759922485 3fa931a5c8 cOil and gas companies that implement concrete measures to reduce their environmental impact are best placed to succeed in the coming years, said data and analytics company GlobalData

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Nigeria launches bid round for 57 marginal fields

Nigeria margina oil bid roundNigerian government has announced a 2020 oil licensing bid as it puts on offer 57 marginal oil fields

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