Business & Finance Energy Trends Renewables

Why the global energy system and the 10 Pillars of de-carbonization is important

IEA – The International Energy Association has given a holistic overview of the energy system and the key pillars of global decarbonization needed in achieving the net zero scenario by the year 2050. As part of tracking clean energy progress, a report by the International Energy Association has stated that the goal towards achieving a speedy […]

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Oil & Gas Opinion

Should Offshore Drilling be Banned?

Numerous individuals have recently reexamined how safe the environmentally damaging practice of drilling offshore is as a result of recent maritime tragedies associated with oil spills. Many oil firms continue to insist that drilling offshore is secure despite fires, explosions, leaks and significant pollution. Concurrently, environmental organizations and the impacted marine communities push for an […]

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Africa Markets Oil & Gas Opinion

Is Nigeria’s Crude Oil really cursed?

Opinion – Nigeria’s crude oil was reportedly first discovered in Oloibiri in the Niger Delta region of the country in 1956. This commercial discovery of oil in Nigeria brought to an end over fifty (50) years of failed oil exploration and ushered Nigeria into the comity of oil producing nations and with the successful discovery and […]

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North America

OPEC+ Cut Poses New Threat to Biden

Amid what would become a 98-day streak of declines, President Joe Biden was quick to take credit in August over one of his most serious political foes: high gasoline prices. It was a victory lap that may soon prove premature. More than a month after tweeting he had vanquished “Putin’s price hike at the pump,” […]

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Business & Finance

Africa Sees Record Venture Capital Investment, Bucking Global Decline

Johannesburg — African startups attracted a record $3.5 billion in venture capital investment in the first half of this year, bucking a global decline in dealmaking linked to worldwide economic turmoil, data released by an industry group showed on Tuesday. The funding, raised by 300 different companies, represents a growth of 133% compared to the […]

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Africa

Libya’s Complicated Push for More Oil Production

Tripoli — Political upheaval threatens the nation’s top export, including a spring shutdown of oil fields that deeply cut production. But Tripoli has resumed higher output at a critical time. After months of extracting only 600,000 barrels or less per day (bpd), half of the daily amount of 1.2 million in January 2022, Libya is […]

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Energy & Alternatives

Everything You Need to Know About Renewable vs Non-Renewable Energy for Energy Preservation

There has been heated debate on renewable vs non-renewable energy, and the advantages and disadvantages of using renewable and or non-renewable energy. Global warming has become a hot topic with different sides weighing in on the matter. I believe that only through our actions today can we guarantee a better, brighter future for the next […]

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Oil & Gas

5 Top Safety Hazards to Consider in the Oil and Gas Industry

There has been a great improvement over the past decade in the safety of workers in the oil and gas industry. The number of incidents and deaths has reduced by half out of 100 workers in 2021 as compared to the 1970s. It is estimated that 38 workers died in the 1970s per 100 workers […]

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