The fossil fuel industry has been active in lobbying for delays in global climate action as they stand to make enormous amounts of money when the process is stalled. If the targets of the Paris Agreement on climate change to reduce emissions are to be met, the fossil fuel industry will be losing money. A … Read more
Earlier this month, the new Lebanese government, led by President Michel Aoun, published a tender to explore untapped gas and oil reserves that lie in the eastern Mediterranean. Lebanese Minister of Energy and Water Cesar Abou Khalil has said that the offshore resources could be a major economic boost for the country at a time … Read more
Ghana’s new government is looking to fix a crippling power crisis with a complete overhaul of its deficit-ridden energy sector including a boost for solar energy. Intermittent power supply issues have dogged the west African nation since the 1980s and became particularly acute in the last five years — although there has been some improvement … Read more
By Francis Kwarteng “…Don’t be an extension of the executive arm of government but rather an effective advisory body that will engage the Presidency to work effectively to meet the needs of the Ghanaian people. We will ensure that the necessary logistics are provided for you” (“Don’t Be My Bootlickers—Akufo-Addo Tells Council of State,” Ghanaweb, … Read more
Iraqi forces backed by jets and helicopters battled their way towards southern Mosul on Monday and prepared to take on the Islamic State group’s stronghold in the city’s west bank. The fresh push in the four-month-old operation to retake Mosul has sparked fears for 750,000 trapped civilians who risk being killed if they try to … Read more
The United States is not about to plunder Iraq’s oil reserves, Defence Secretary Jim Mattis, who arrived in Baghdad on Monday, said in a bid to soothe Iraqi partners rattled by remarks President Donald Trump made. Trump has repeatedly said both while campaigning and since his election that America, whose troops occupied Iraq for eight … Read more
Former president J. A. Kufour has bemoaned Ghana’s inability to capitalise on its oil find to become a nation that rubs shoulders with other oil producing countries. According to him, “although Ghana is now counted among the oil-producing countries in the world, our country is yet to become the ‘land of milk and honey’ that … Read more
The First Lady, Mrs. Rebecca Akufo-Addo, Friday launched the Floating Production and-Storage Offloading (FPSO) vessel, John Agyekum Kufuor, at the Keppel shipyard in Singapore. The vessel named after Former President John Agyekum Kufuor will operate in the Offshore Cape Three Points (OCTP) oilfields in the Western Region. It is the largest of the three FPSOs … Read more
U. S. economic growth slowed sharply in the fourth quarter as a plunge in shipments of soybeans weighed on exports, but steady consumer spending and rising business investment pointed to sustained strength in domestic demand. Gross domestic product increased at a 1.9 percent annual rate, the Commerce Department said on Friday in its first estimate … Read more
President-elect Donald Trump, who raged against the elite as a candidate, is populating his administration with the ultra-rich. On Wednesday, he named billionaire Wilbur Ross, who has made a fortune cobbling together dying companies, as his commerce secretary, and Todd Ricketts, part of the billionaire family that owns the Chicago Cubs, as deputy commerce secretary. … Read more
Oil and gas are the buzzwords in East Africa as countries try to outdo each other in getting their hydrocarbons out of the ground and into the market. Last week, Tanzanian President John Magufuli ordered that exploitation of natural gas begin as a matter of urgency, as Kenya’s President Uhuru Kenyatta announced that Tullow Oil … Read more