The oil and gas industry is witnessing a resurgence in deepwater exploration driven by factors such as new discoveries, technological innovations, and lower carbon footprints compared to other oil sources.
Victor Adetimilehin
Victor Adetimilehin
Victor Adetimilehin, widely known as Vic’Adex, is a celebrated global arts in medicine fellow and a staunch ambassador for religious tolerance. Beyond his institutional affiliations, Victor is an incredibly passionate and award-winning spoken word artiste, most notably recognized for his stirring poem, "men not gods." A fervent supporter of pan-Africanism, he actively champions and bolsters Nigerian creative hubs, fostering an environment of artistic growth and cultural exchange. Victor's dedication to the arts and peace advocacy positions him as a vital influencer in bridging cultural gaps.
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Nigeria’s oil regulator proposes a faster exit for oil majors from onshore fields, but only if they take responsibility for cleaning up environmental spills. This plan aims to balance speeding up departures with protecting the environment.
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The FTC approves the Exxon-Pioneer deal but blocks former Pioneer CEO from joining Exxon’s board due to accusations of colluding with OPEC to raise oil prices. Lawmakers raise concerns about industry concentration, while the deal is expected to close on Friday.
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Canada’s long-delayed Trans Mountain pipeline, a controversial project that expands the country’s oil export capacity, has begun operations. The project is expected to boost the economy but raises environmental concerns.
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The G7 nations agreed to stop using coal for electricity by 2035, but with some exceptions for Germany and Japan. This decision reflects a global effort to fight climate change by reducing reliance on coal, the most polluting fossil fuel.
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The G7 nations, a group of major industrialized countries, have struck a deal to eliminate coal-fired power plants within their borders by the first half of the 2030s. This significant move represents a major step forward in the global effort to combat climate change by reducing greenhouse gas emissions.
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Thailand’s government shakes up its economic leadership, appointing veteran energy executive Pichai Chunhavajira as the new finance minister. Pichai inherits a sluggish economy grappling with slow growth, high household debt, and the ripple effects of a regional slowdown. His ability to revive economic activity and bridge the policy gap between the government and central bank will be critical in determining Thailand’s future economic trajectory.
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Major oil and gas companies reported weaker-than-expected first-quarter earnings on Friday, as a sharp drop in natural gas prices compared to last year took a bite out of profits. The results for Big Oil firms are a stark contrast to the record-breaking levels seen in 2022.
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Oil prices experienced a volatile swing on Thursday, initially dipping due to weak US economic data before rebounding on reassurances about the US economy’s strength and jitters surrounding the Israeli-Palestinian conflict.
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A clash within the US solar industry pits manufacturers against developers over import tariffs on Southeast Asian solar panels. Manufacturers seek protection for new investments, while developers fear higher costs that could threaten clean energy goals. The Biden administration faces a difficult decision.