Nuclear energy had been falling further and further out of favor amid falling costs for renewable energy installations. But suggestions of its death have been highly exaggerated. The $1-trillion bipartisan deal that the Senate approved earlier this month envisages $6 billion to support nuclear power.
For an industry in trouble, the oil and gas industry is doing pretty well in terms of discoveries and final investment decisions.
The era of cheap natural gas might be gone for good. U.S. natural gas futures climbed to a 31-month high of 4.16/MMBtu on Thursday thanks to forecasts for hotter weather over the next two weeks and soaring global gas prices ensuring that U.S. liquefied natural gas (LNG) exports will remain at record highs.
SYDNEY, Aug 2 (Reuters) – Oil Search (OSH.AX) said on Monday it intended to recommend an improved buyout offer from Santos Ltd (STO.AX), worth A$8.4 billion ($6.2 billion), in a deal that would create a top-20 global oil and gas company.
The Ghana National Petroleum Corporation (GNPC) has said its proposal to acquire stakes in Aker Energy and AGM Petroleum will save the state oil
company US$700 million and cause it to inherit a capital allowance of US$1.2 billion.
As the need for energy transformation gathers pace at a global level, North African countries are also starting to make moves.
Some civil society organisations have filed a petition calling on Parliament to reconsider the planned acquisition of stakes in Aker Energy and AGM Petroleum Ghana oil blocks by the Ghana National Petroleum Corporation (GNPC).