Category: Oil

The new Intergovernmental Panel on Climate Change’s massive new report makes for scary reading. The UN Secretary-General António Guterres called it a ‘code red for humanity’ and that’s probably understating the level of danger. It’s increasingly clear that staving off global disaster ...

Ghanaian President Akuof-Addo appointed Edward Boateng, the highly regarded former ambassador to China, to become the Managing Director of Ghana's embattled Tema Oil Refinery (TOR). Although Boateng served in the Ghanaian foreign service from 2017 until last year, he comes from ...

South Sudan marked its tenth anniversary this month as an independent country. Regrettably, though, after a decade of civil war and divided government that has left at least 400,000 people dead and displaced a third of the population, there isn't much ...

Middle Eastern oil producers now account for 48.3% of China's oil buys in the first half of the year, according to the latest Chinese customs data. Saudi Arabia is the top provider, with 16.8% of the market in H1 2021, followed by Russia with 15.3%.

The fate of a multi-billion billion gas pipeline project in Nigeria is now in question after Chinese lenders have seemingly backed out of the deal, forcing the Federal Government to look elsewhere to raise the missing capital. The Bank of China ...

Chinese defense contractors are making further inroads into the Angolan market. The state-owned China National Aero-Technology Import & Export Corporation (CATIC) signed an $85 million deal to provide the Angolan defense sector with a “supply of equipment, military means and assistance services.” CATIC is already a big player ...

The editorial board of Financial Times published an op-ed yesterday announcing a new commodities supercycle. They argued that the global pivot towards climate-friendlier technologies like electric vehicles is pushing demand for metals like cobalt, lithium and palladium (used in catalytic converters.) In addition, the Biden administration’s new commitments ...

One of China's three major oil and gas companies, CNOOC, is reportedly interested in joining the world's largest natural gas project in Qatar. The company's CFO Xie Weizhi said CNOOC is exploring the option to invest in the $29 ...

News that Mahamat Kaka, son of late Chadian President Idriss Deby who was killed on Monday in fighting near the Libyan border, has been named interim leader will likely be well received at the headquarters of the China National Petroleum Corporation (CNPC) in Beijing. ...

One of China's most prominent Iran scholars, Fan Hongda from the Shanghai Institute of International Relations, published a column in the Communist Party-controlled English-language newspaper China Daily that appears intended to try and calm fears in the United States and to send the message that ...

With oil and gas demand in the U.S. and Europe expected to fall dramatically in the years ahead as both regions embrace a post-carbon economy, two of the world's largest energy exporters, Qatar and Saudi Arabia, are now looking to China to fill the void. Ministers and ...

Chinese total carbon emissions could peak by 2028, with emissions coming from the electricity sector topping out as early as 2025. This is according to Liu Zhenya, who runs the Global Energy Interconnection Development and Cooperation Organization, a Beijing-based think tank. Liu’s previous job is maybe more ...