As uncertainty builds around the supply capacity of OPEC+ and oil demand rages on despite expectations of demand destruction, bullish sentiment is building in oil markets.
Johannesburg, South Africa// — Despite having 620 trillion cubic feet of natural gas reserves, Africa’s over reliance on wood-based biomass energy remains high, resulting in an increase in land degradation, deforestation and greenhouse gas emissions, and in over 900 million people across the continent living without access to clean cooking.
The adoption of the EU oil sanctions appears to have led to Russia retaliating by holding back its natural gas exports.
Just as it seemed COVID-19 was disappearing from the energy agenda, the reimposition of lockdown restrictions in Shanghai and Beijing reminded the oil markets that pandemic-related demand losses were still a threat.
Nairobi, Kenya//-As oil giant TotalEnergies held a high-pressure AGM last week (https://bit.ly/3z6AUrh), climate activists, and civil society groups both in Paris and on the African continent mobilised against the dangerous and destructive projects of the seventh world oil group which continue to disrupt the lives and livelihoods of vulnerable populations while increasing carbon emissions.
The Sustainable Development Goals (SDGs), also known as the Global Goals, were adopted by the United Nations in 2015 as a universal call to action to end poverty, protect the planet, and ensure that by 2030 all people enjoy peace and prosperity.
Johannesburg, South Africa//- The African Energy Chamber (AEC) spoke with Scott Macmillan, Managing Director of Invictus Energy, ahead of the continent’s premier energy event, African Energy Week (AEW) 2022 (AECWeek.com), about the company’s operations on the continent, the challenges independent explorers are facing and the opportunities AEW 2022 provides for explorers such as Invictus.
Oil Hazards Aren’t the Main Worry of Nigeria’s Coastal Residents: Toilets Are Adekunle Ajayi/Nur Photo via Getty Images. Seun Olowoporoku, Obafemi Awolowo University Nigeria’s coastal areas are known to present environmental hazards and risks. Oil exploration and exploitation is one source of these hazards.