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Where climate change policies are in action - Statista
Last year was the hottest on record, with the global average temperature more than 1.5°C above pre-industrial levels over an entire calendar year for the first time, Statista reports.
Syria receives IMF visit for first time since 2009
Conflict-torn country faces “enormous challenges”, says mission. Majority of GDP wiped out. Restoring power infrastructure alone could cost at least $40bn.
Nigeria’s NNPCL increases petrol prices
The Nigerian National Petroleum Co. Ltd. (NNPCL) has increased the pump prices of petrol to N915 ($0.59) per litre in Abuja and Lagos as global crude prices rose in part due to events in the Middle East.
EFCC arrests ex-NNPCL official and previous Warri managing director
Nigeria’s Economic and Financial Crimes Commission has arrested a former CFO of the Nigerian National Petroleum Co. Ltd (NNPCL), as well as a former managing director of the 125,000 barrel per day Warri refinery on June 23.
Can Kazakhstan deliver on the rare earth hype?
The expectation for the "new oil" is huge – but experts point out that it is still far too early to talk about the Central Asian country having massive, confirmed REE resources.
East Asia’s petrochemical industry: stuck between tradition and transition
As the global economy begins its gradual but determined pivot towards decarbonisation and renewable energy, East Asia's petrochemical giants now find themselves straddling two competing imperatives – legacy industries and a low-carbon future.
World could cross a dire climate threshold in 2028, says new report
A new scientific report warns that the world could deplete its remaining carbon allowance in just three years, driven by historic levels of greenhouse gas pollution.
AI could cut climate emissions
Artificial intelligence has the potential to reduce climate-heating emissions by as much as 5.4bn tonnes annually over the next 10 years.
“Invisible peril” heatwaves can kill 500,000 people yearly
Recent scientific studies show that up to 500,000 people die annually from extreme heat, surpassing the toll of natural disasters such as earthquakes, hurricanes and floods combined.
Challenges to Woodfibre LNG’s floatel dismissed by Canada’s Federal Court
Two legal challenges to Woodfibre LNG’s “floatel” application to house workers on for the LNG project have been thrown out by Canada’s Federal Court.
LNG Canada produces first gas for export
Canada has produced its first LNG for export with the Shell-led LNG Canada set to begin shipping the super-chilled fuel this summer.
Russia courts Mexico with LNG offer as energy ties with US face strain
Russia is pushing to boost energy ties with Mexico, offering LNG and tech support as the country faces ageing infrastructure, low output, and heavy reliance on US gas.
Farmers powerless to prevent five of the six staple crop yields from plummeting – New Scientist
Efforts by farmers to adapt to rising temperatures will not be enough to prevent severe losses in global staple crop production due to climate change, according to a new study published in New Scientist on June 18.
1,000 ships’ GPS jammed in Straits of Hormuz, sending up costs and disrupting deliveries
Over 1,000 ships reported their GPS satellite navigation systems were jammed in the Strait of Hormuz in the last few days, as the Iranian parliament decided to close the passage in retaliation to the US bombing of three nuclear sites at the weekend.
Namibia mulls financial incentives to kick-start offshore oilfield development
Namibia is considering financial incentives to fast-track the development of its Orange Basin oilfields managed by a consortium led by French supermajor TotalEnergies.
Saudi Arabia-based power company ACWA Power plunges head first into Uzbekistan's green energy sector
Saudi Arabia-based utility developer ACWA Power plunged headfirst into the Uzbekistan green energy market. Since making its first investment in 2020 with a 1,500-MW plant in the Silk Road city of Bukhara, it has built $15bn worth of new capacity.
COMMENT: Georgia goes from sanctions-dodging transit country to Russia’s oil export backdoor into Europe
Georgia has long been suspected of being a major transit country for European sanctioned goods travelling to Russia, but now it appears the trade is flowing in the other direction: Georgia has become a major backdoor into the EU for Russian oil.
Where the world is losing tree cover fastest – Statista
North America is close on the heels of Latin America when it comes to tree cover loss, according to data published by the World Resources Institute, Statista reports.
Iranian parliament decides to ‘close’ Strait of Hormuz following US strike
Tehran appears set to take steps to close the vital shipping lane, but it remains to be seen whether it can do it, and what impact this will have.
Kosovans urged to save energy as production shortfall coincides with hike in air conditioner use
Energy supply company KESCO is calling on all consumers to take immediate measures to save electricity.
Fitch further downgrades Istanbul-listed Vestel Elektronik to B- with negative outlook
Company moved to six notches below investment grade. Layoffs announced. Sales in Europe under pressure from Chinese competition.
Iran warns of irreparable consequences after US nuclear site strikes
A senior advisor to Iran's Supreme Leader condemned the US attacks on Iranian nuclear sites declaring that the United States has struck "the heart of the Islamic world” and must await "irreparable consequences."
ISRAEL-IRAN WAR: Israel strikes Iranian nuclear facility and military bases in Ahvaz and Mahshahr
Israeli forces struck multiple Iranian targets on June 21, including military infrastructure in the southwestern cities of Ahvaz and Mahshahr.
Uganda, Tanzania, Zanzibar formalise oil and gas cooperation ahead of 2026 first production
Uganda has signed a tripartite Memorandum of Understanding (MoU) with Tanzania and its archipelago Zanzibar to strengthen regulatory collaboration in the oil and gas sector, as the country prepares to deliver its first commercial oil by 2026.
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