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OPEC Members Iraq and Saudi Arabia in Talks to Sign Several Energy Deals

Iraq's oil minister, Ihsan Abdul Jabbar Ismail, was quoted by the Iraqi daily Al-Sabah as claiming that the government is in talks with Saudi Arabia to sign energy deals worth...
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COP26: India to Achieve Net-Zero Emissions by 2070 – Prime Minister Modi

India's Prime Minister, Narendra Modi, announced on Monday at the COP 26 climate change summit that his country has set a goal of becoming carbon neutral by 2070. According to...
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COP26: Nigeria to Achieve Net-Zero Emissions by 2060 – President Buhari

The President of the Federal Republic of Nigeria, Muhammadu Buhari, stated at the global climate change conference in Glasgow, Scotland, on Tuesday, November 2, 2021, that Nigeria aims to achieve...
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COP26: Climate Change Puts Half of the World’s Children at “Extremely High Risk” – UNICEF

The United Nations Children's Fund stated on Monday that the climate change crisis poses a threat to one billion children, putting them at risk and exposing them to climate and...
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Oil Prices to Hit $120 by June 2022 – Bank of America

The Bank of America predicted that the Brent crude standard will exceed $120 per barrel by the end of June 2022 in a research note released this week. The present...
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Global Recovery Spending on Clean Energy Rises By 20% but Not Enough – IEA

According to the International Energy Agency on Thursday, governments currently plan to allocate an estimated US$470 billion for clean energy investment between now and 2030, up by 20% compared to...
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Supply Chains Need $100 Trillion To Become Net-Zero By 2050 – HSBC & BCG Report

According to a new analysis from HSBC and Boston Consulting Group (BCG), supply chains would need to invest up to $100 trillion to achieve net-zero emissions by 2050. Supply chains...
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Egypt Makes New Oil and Gas Discoveries in the Western Desert

According to Egypt's petroleum ministry, Eni, the Italian oil and gas giant, made three (3) oil and gas discoveries in the country's western area, with the potential for up to...
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Norway to Continue Producing Oil & Gas – PM Jonas Gahr Store

The new Prime Minister, Jonas Gahr Store, told the Financial Times in his first interview after taking office that Norway will not stop producing oil and gas because it would...
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Underinvestment in Oil is a Huge Concern – Aramco’s CEO

Crude oil production capacity is declining around the world, and greater investments in new production are urgently needed, according to Aramco's CEO, Amin H. Nasser. Spare oil production capacity is defined...
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