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energy transition

  • In the News

    Middle East Tensions Fail to Lift Oil Prices Amid Demand Fears

    by Victor Adetimilehin February 20, 2024
    by Victor Adetimilehin February 20, 2024

    Oil prices remained steady on Monday, as the impact of rising geopolitical tensions in the Middle East was offset by signs of weakening demand in the global market. The conflict …

  • In the News

    Oil and Gas Industry Faces Uncertain Future in Scotland

    by Victor Adetimilehin February 19, 2024
    by Victor Adetimilehin February 19, 2024

    The Labour leader tries to reassure workers in the North Sea sector but faces criticism from the SNP. The fate of the oil and gas industry in Scotland has become …

  • In the News

    US Refiners Struggle to Sell Aging Assets Amid Energy Shift

    by Victor Adetimilehin February 18, 2024
    by Victor Adetimilehin February 18, 2024

    The US oil industry saw a boom in upstream deals in 2023, with nearly $200 billion worth of mergers and acquisitions. But the refining sector was left out of the …

  • In the News

    Oil Giants Bet on $30 Crude Amid Energy Transition

    by Victor Adetimilehin February 15, 2024
    by Victor Adetimilehin February 15, 2024

    As renewable energy gains momentum, oil companies are shedding costly assets and focusing on low-cost projects that can survive price swings. The oil industry is facing a year of big …

  • In the News

    Big Oil’s Record Returns Fail to Lure Back Investors

    by Victor Adetimilehin February 8, 2024
    by Victor Adetimilehin February 8, 2024

    Oil and gas giants are paying out more money than ever to shareholders, but that’s not enough to restore their appeal in a world shifting to cleaner energy sources. The …

  • In the News

    US Oil Boom Slows Down in 2024, Report Says

    by Victor Adetimilehin February 7, 2024
    by Victor Adetimilehin February 7, 2024

    The US oil industry is facing a slowdown in production growth in 2024, according to a report by the US Energy Information Administration (EIA). The EIA predicts that US crude …

  • Energy Transition

    Justice in Energy Transition Takes Center Stage at Mining Indaba 2024

    by Oluwatosin Racheal Alabi February 2, 2024
    by Oluwatosin Racheal Alabi February 2, 2024

    Mining Indaba 2024 gears up to tackle justice in the energy transition, spotlighting Africa’s pivotal role in the global shift to cleaner energy.

  • Markets

    Global LNG Shortage to Persist Until 2026, Gas Exporters Warn

    by Motoni Olodun January 23, 2024
    by Motoni Olodun January 23, 2024

    The global market for liquefied natural gas (LNG) is expected to remain tight until 2026, as demand outstrips supply amid the transition to cleaner energy sources, according to the Gas …

  • In the News

    Oil Demand to Surge in 2024, IEA Says

    by Victor Adetimilehin January 19, 2024
    by Victor Adetimilehin January 19, 2024

    The International Energy Agency (IEA) has revised its global oil demand growth forecast for 2024, but it still falls short of OPEC’s expectations. The IEA, which advises industrialized countries on …

  • Oil & Gas

    South Africa’s First LNG Terminal to Boost Clean Energy Transition

    by Motoni Olodun January 11, 2024
    by Motoni Olodun January 11, 2024

    South Africa is set to join the global shift towards cleaner energy sources with the development of its first liquefied natural gas (LNG) terminal at the Port of Richards Bay. …

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