Latest Stories
African Development Bank (AfDB) invests $20mn in Evolution Fund III targeting renewable energy projects
Climate paralysis at COP27 as no progress made on 1.5 degrees
COP finished two days late on November 20 without any new agreements on climate change targets or emissions reductions, although a deal was hammered out to set up an as yet uncosted loss and damage fund.
Hungary’s MOL restricting sales to 200 petrol stations after problems at Danube refinery
Nearly half of Ukraine's energy infrastructure is damaged
Russia’s strikes on Ukraine since October 10 have damaged nearly half of the country’s energy facilities, Interfax-Ukraine reported on November 18.
Nigeria’s shady seizure of oil vessel casts doubts over country’s anti-piracy laws
An international oil tanker and its crew are held in custody by Nigerian authorities, after being arrested in unclear circumstances. This is the latest in a long string of piracy-related incidents raising questions about the Abuja's anti-piracy law.
Oil producer Diamondback to acquire Lario Permian for $1.5bn
Oil and gas producer Diamondback Energy is on a buying spree. It is to buy all leasehold interest and related assets of Lario Permian, a subsidiary of Lario Oil & Gas for some $1.5bn in shares and cash.
COP27: Coal proves a stubborn foe in fight to save climate
Reducing coal consumption is the central challenge to achieving the world’s climate targets, Fatih Birol, executive director of the International Energy Agency, told COP27.
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