The toll of the Covid-19 pandemic on upstream investments in the first two years of the downturn is estimated at a whopping $285bn, and although spending will slowly start to rise from 2022, it will not reach pre-crisis levels of $530bn in the coming period, Norwegian energy intelligence firm Rystad reported. In February 2020, before […]

The oil and gas sector in Middle East and Africa has experience drop to the value of about 32.92% in Q1 of 2021 as when compared to the last four-quarter average, according to GlobalData’s deals database. This is despite the $2.59billion investment portfolio performed by BP E&P. A total of 27 deals worth $4.81 billion […]

The regulation of the future hydrogen infrastructure is at the core of today’s energy debates, GIE publishes a position paper presenting the views and recommendations of its 70 members from 27 European countries. This paper outlines clear policy recommendations that will boost the establishment of the hydrogen economy. It also presents the unique benefits of the […]

Energy leaders responding to a survey conducted by the EBRD and summarized in a Covid-19 policy note  investigating how the sector will deal with the 5 per cent fall in energy demand worldwide brought by Covid-19 in 2020, have indicated they are confident of a quick recovery. One-third of respondents from 32 countries across the EBRD […]

With President Biden committing the U.S. to a more than 50% reduction in economy-wide greenhouse gas emissions by 2030 – nearly double the previous national target – some policy experts say America will need natural gas and a modern pipeline network to reach the goal. Columbia University’s Center on Global Energy Policy recently published an […]

The transition from a fossil-fuel dominated energy system to one with zero emissions would require trillions of dollars of investment in new production, distribution and consumption equipment worldwide.  New investments could support millions of new jobs in construction and manufacturing, but policymakers are struggling to decide whether to recover the costs from consumers or taxpayers. […]

Upcoming oil and gas projects in Nigeria by sector, 2021-2025 (source: GlobalData, Oil and Gas Intelligence Center) Nigeria is expected to have 100 oil and gas projects commencing operations across the value chain between 2021 and 2025, accounting for 23% of the total project starts in Africa. New build projects dominate the upcoming projects and […]

There are many causes of gas pipeline leakage accidents. In an industrial system dominated by diversified mechanisms, management and maintenance and construction quality are the main causes of gas pipeline leakage. Find out the basic causes of the accident and take timely preventive work. It is an advantageous method to further enhance the quality of […]

By Toyin Akinosh A few days to the deadline for submission of bids for the Nigerian marginal field bid round, Austin Avuru is going through documents on a desk near a window with almost the same view as the one from his office in his last job. He is operating from a “family office”, located […]

The launch was attended by Mohammad Sanusi Barkindo, OPEC Secretary General; Professor Jonas Puck, the Academic Director of the Executive Academy at the Vienna University of Economics and Business which sponsored the event; Member Country representatives; and Members of Management from the OPEC Secretariat. The 2020 ASB provides a wide range of data on the […]