AfDB’s capital increase moves from $201 billion to $318 – Adesina
Briefs African leaders on Bank’s progress in mobilizing financial resources for the continent The bank entered the year with a landmark $750 million “hybrid capital”,...
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World oil demand decelerates, easing 710 kb/d year-on-year – slowest quarterly increase since 4Q22
The question among industry analysts particularly since the war against fossil fuels by certain die-hard net-zero emissions exponents and believers began is whether the world...
Global gas demand to rise by 2.5% in 2024 – IEA
Combined gas demand for the Middle East region and Africa to continue to rise 3 percent annually by 2024 Global gas demand is expected to...
Global electricity demand to rise strongly this year and next – IEA
The world’s demand for electricity is rising at its fastest rate in years, driven by robust economic growth, intense heatwaves and increasing uptake of technologies...
Less gas consumption in Europe is impacting storage tanks
Consumption of natural gas in Europe consistently decreased since mid-2022, driven by a combination of mild winter weather and government policies aimed at reducing natural...
Google’s carbon emissions soar by 48% due to AI
Google may not be achieving its net-zero emission target by 2030 in spite of its efforts and commitments according to reports as its carbon emissions...
Rapid rollout of clean technologies makes energy cheaper, not costlier – Report
Governments must make clean energy technologies more accessible where needed without any upfront costs, IEA’s findings Speeding up the move to clean energy technologies improves...
Dangote rates its diesel as best, debunks allegations of products’ substandardization and potential sector monopolization
Says lab test reveals 88ppm sulphur content, with over 1,800ppm in others Challenges Nigeria’s regulatory authority President of Dangote Group, Aliko Dangote, says products refined...
TotalEnergies and SSE join forces and create Source, a new major player in EV charging in the UK & Ireland
TotalEnergies and SSE have signed a binding agreement to create a joint venture to establish a new major player in EV charging infrastructure in the...
Woodside goes all-in on LNG with brave Tellurian buy
Australia’s Woodside Energy wants to become one of the world’s largest independent producers of liquefied natural gas (LNG). In itself, this is not a bad...