Africa
ADNOC top exec says oil and gas could remain relevant until 2050
Oil and gas will remain a relevant part of the energy mix until potentially 2050, Musabbeh Al Kaabi, Executive Director of Low Carbon Solutions and International Growth at Abu Dhabi National Oil Company said during an energy conference in Abu Dhabi.
Global Project Data
Gulf Energy Information’s Global Energy Infrastructure database is tracking nearly 1,230 active projects in the hydrocarbon processing industry.
Kenya extends oil supply agreement with three Gulf companies
Kenya has extended an oil supply deal with three Gulf-based companies, which is designed to manage demand for dollars.
OPEC says IEA estimate of peak fossil fuel demand by 2030 not 'fact-based'
The Organization of the Petroleum Exporting Countries said data-based forecasts do not support the International Energy Agency's projection that demand for fossil fuels would peak in 2030.
Global diesel shortage boosts prices
Global distillate fuel oil inventories remain much lower than normal for the time of year which is putting strong upward pressure on fuel prices.
Four eastern Libyan oil ports reopen after closing Sept 9 due to storm
Four major oil ports in Libya have reopened after shutting down on Saturday following a powerful storm that swept the country.
Nigeria awards 42 contracts under delayed flaring program
Nigeria has awarded contracts to 42 companies under a program to harness gas which is released as a byproduct of oil production.
Korean Air introduces Cargo SAF Program
Korean Air will launch a program to use SAF for air cargo operations in cooperation with air cargo customers and forwarders.
Oil ticks higher as tight supply trumps macroeconomic gloom
Oil prices hovered above $90 a barrel, on track to end the week higher as investors chose to focus on tighter supply, despite broader macroeconomic uncertainty.
African Finance Corporation remains committed to fossil fuel investments
The African Finance Corporation, which is owned by Nigeria's central bank and other African financial institutions, has no intention of backing away from fossil fuel investments.
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