The Libyan National Oil Corporation (LNOC) has launched its sustainability strategy, Think Tomorrow, at COP28, marking its commitment to sustainable development, environmental stewardship, and diversified energy sources in Libya
Industry
South Africa among pilot countries selected by EIB for just transition initiatives
The EIB (https://www.EIB.org) is the first international financial institution to launch a just resilience approach to be applied from 2024 onwards; EIB is expanding its support for a just transition globally including through Just Energy Transition Partnerships and Team Europe initiatives in nine pilot countries; the new approaches aim to support those most impacted by climate policies and vulnerable to climate change
ADM Energy banking on Aje Field potential offshore Lagos
ADM Energy, a natural-resources investing company, announced that the Board of Directors have completed an internal review of existing investments, financial resources and future investment opportunities available to the Company
Angola rejects OPEC+'s 2024 production quota
Angola, a prominent African oil producer and a key member of the Organisation of the Petroleum Exporting Countries (OPEC), has officially rejected the proposed production quota for the year 2024
OPEC+ to reduce output by 1.7 mn bpd until the end of1Q24
OPEC+ announced additional voluntary production cuts and an extension to existing reductions into 2024