Stopping financing gas would derail developing countries’ plans for cleaner energy, Nigerian Vice President Yemi Osinbajo has said.
Shell signed a memorandum of understanding (MoU) with Sonatrach last week, looking at potential trading opportunities.
Trafigura has acquired a minority stake in Bboxx, which provides solar power systems in Africa and Asia, with an eye on LPG supplies.
The gas-flaring rate of the European Union’s imported gas is 33x higher than indigenous production. We commend the EU’s recent methane strategy, but to support net zero the EU needs an equally clear EU gas flaring strategy.
Ghana’s Cenpower Generation has committed to switching its primary fuel consumption from light crude oil to natural gas.
Ghana has reached an amended deal with Cenit Energy, which should save the country more than $200 million.
A number of states have signed an agreement formalising the East Mediterranean Gas Forum (EMGF).
Eskom has been instructed to halt work at a number of units at its Kendal power plant by the South African Department of Environment, Forestry and Fisheries (DEFF).
China has signed a concessional loan, via China Exim Bank, to support a hydropower plant in Rwanda.
Saudi Aramco announced today that it is joining the World Bank Initiative: ‘Zero Routine Flaring by 2030’.
The Global Wind Energy Council (GWEC) has announced it will work with World Bank to help promote an intergovernmental forum on "emerging offshore wind markets".
World Bank Group has ploughed triple the amount of investment into the oil and gas sector than renewable energy projects over the last five years, according to a new report.
That World Bank has announced today that it will cease any further financing of upstream oil and gas after 2019.
European funding could allow the Republic of Moldova is to be connected to neighbouring Romania’s power grid in a bid to diversify its electricity supply.
The World Bank Group has said it would provide $517million to Ghana in debt and guarantees to support the $7.7billion Sankofa oil and gas project.
Egypt's Carbon Holdings, a petrochemical producer, has received a $25million funding boost from the World Bank’s private investment arm, International Finance Corp.
The World Bank has slashed its forecast for crude oil prices by $14 to $37 per barrel for 2016 amid growing supply and weak demand prospects from emerging markets.
A £10.6billion plan to help Africa cope with rising temperatures and be more resilient to climate “shocks” has been unveiled by the World Bank.
BG Group has joined the World Bank Carbon Pricing Leadership Coalition (CPLC), to collaborate on carbon pricing systems and policies.
Ghana has received $700million in guarantees from the World Bank for its transformational Sankofa gas project, which is claimed will address the country's chronic energy shortage.