Gas flaring
Nigeria Top Story

CERAWEEK ‘Energy transition? Leave us out,’ says Nigeria oil minister

Reading Time: 2 minutes Image Credits: REUTERS/Afolabi Sotunde/Files. Developing countries should not have to target renewable energy sources and turn away from fossil fuels, Nigerian energy officials said on Tuesday, joining other emerging oil-producing nations reluctant to embrace the global energy transition trend. Some 900 million people in the world, most of them in Africa, still have no access Read More…

Business Oil & Gas Top Story

NNPC, other national oil firms set to squander $400 billion on moribund projects

Reading Time: 2 minutes Image Credits: REUTERS. National oil companies (NOCs) risk squandering $400 billion on expensive oil and gas projects over the next decade that may only break even if the world fails to meet the Paris climate goals, a non-governmental organisation said on Tuesday. In a new report called Risky Bet, the Natural Resource Governance Institute (NRGI) Read More…