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Energy News
Oil prices rise on back of COVID vaccine news
Oil prices rose more than 1% on Monday, extending last week’s gains as traders eyed a recovery in demand due to successful…
ACEP urges govt to invest in transformers to reduce ‘dumsor’
Executive Director of Africa Centre for Energy Policy (ACEP), Benjamin Boakye has asked government to invest in the capacity…
Niger’s Minister of Petroleum makes prestigious top 25 Africa Energy…
Niger’s Minister of Petroleum Foumakoye Gado was named by the African Energy Chamber this week as a top 25 leader to watch…
Government to settle 1bn debt to Independent Power Producers
The Ministry of Energy has said that government is in the process of settling the one billion debt it owes the Independent…
We are acting in full compliance with the law- Eni Oil
Italian oil giant, Eni has hit back at the government, saying, it is acting in full compliance with the law together with its…
COPEC advises govt not to impose petroleum taxes post election
The Chamber of Petroleum Consumers (COPEC) has called on government to refrain from introducing new taxes on petroleum next…
Save TOR from collapsing – COPEC urges government
The Chamber of Petroleum Consumers (COPEC) is calling on government to invest in the Tema Oil Refinery (TOR) to prevent it…
Russia on track to become world’s top gold producer by 2029 – report
Despite some disruptions caused by the covid-19 pandemic, Russia is expected to surpass China as the world’s top gold producer…
Five oil majors reduce value of their assets by $50 billion in Q2
Five oil majors (including Exxon Mobil and British Petroleum) reduced the value of their assets by $50 billion in Q2, 2020.…
Exxon: 20 percent of global oil and gas reserves may be wiped out
After a grim second quarter season for Big Oil, the world’s third-most valuable energy company is warning that 20% of the…