Malaysian FPSO leasing firm Yinson Production is piloting an offshore Carbon Capture and Storage (“CCS”) plant on FPSO Agogo in Angola, together with client Azule Energy, an Angolan BP-Eni joint venture.
Global oil major BP said the world must invest in the production of oil and gas to avoid to sharp price spikes while accelerating the energy transition to combat greenhouse gas emissions
Last year was a rough year for the relatively new green energy industry, with high interest rates in a financing-heavy sector
According to Robert Säverin, spokesman for the Federal Ministry of Economic Affairs and Climate Action, Germany sees significant potential in cooperation with Kazakhstan in the area of green energy, Azernews reports.
In August, a study of TipRanks data showed that the Oil and Gas sector was preferred over the Green Energy sector according to several measures, including Corporate Insider Sentiment, Analyst Views, Earnings Beat, and Price Target Upgrades.
The shift from fossil fuels to clean renewable energy as the corner stone to the global energy transition has been at the tip of governments’ policy discussions across Africa and the world, with developed countries investing massively in renewable energy as part of efforts by their respective government’s energy security and climate action goals (ESI Africa, 2021).