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Proton Energy Plans Radical Upgrade of Nigeria’s Energy Supply

By Yemi Yusuf Proton energy, a leading independent power plant developer in sub Saharan Africa, is set to revolutionise Nigeria’s power sector by adding 1500MW...
Energy

OPEC Cut Failed To Lift Oil Prices, But The Year Isn’t Over Yet

Oil prices have seen a 4-week losing streak.  Recession fears continue to weigh on sentiment in oil markets. Many analysts continue to see...
Energy

$70 Oil Creates Opportunity In Canadian Oil Stocks

Canadian energy stocks are looking increasingly cheap after the latest selloff in crude prices. Wall Street still believes that Canadian energy stocks will...
Energy

Nigeria’s Oil Output Is 1 Million Bpd Lower Than Its Capacity

By Irina Slav  Nigeria is producing 1 million barrels daily less than it can produce, local media reported today, citing the country’s federal government. The government...
Energy

Oil Demand In Transport Sector May Drop By Up To 50% By 2050

By Alex Kimani The transportation sector is responsible for nearly 60% of global oil demand. BNEF: EVs are currently displacing only 1.5 million barrels...
Energy

5 Oil Producing Nations Ask To Join BRICS Alliance

Saudi Arabia, the UAE, Algeria, Egypt, Bahrain, and Iran have formally asked to join the BRICS group of nations. BRICS will hold its...
Energy

Next Year Will Be A Crucial Year For Suriname’s Emerging Oil Boom

Suriname's oil boom saw a number of major setbacks in 2022. The final investment decision from Apache and operator TotalEnergies was expected last...
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