Up to 20 Percent of Groundwater Wells Are in Danger of Running Dry
As many as one in five wells worldwide is at risk of running dry if groundwater levels drop by even a few meters, according to a new study appearing Thursday in the Continue Reading
OPEC Fund Helps Finance Egypt’s Largest Private Solar Plant
OPEC’s Fund for International Development is among a group of development banks providing $114 million of loans to build the largest privately-owned solar plant in Egypt. ACWA Power’s 200-megawatt Kom Ombo Continue Reading
Iran Exports 500,000 Bpd Despite Sanctions
Iran’s crude oil exports since the start of the month have averaged around 500,000 bpd, according to a Reuters report that cites estimates from tanker tracking companies. This is lower Continue Reading
Yemen’s Houthis claim attack on Aramco facility; no Saudi confirmation
Yemen’s Houthi movement launched an attack with a drone on an Aramco facility in the southwestern Saudi city of Jizan as well as targeting the King Khalid air base with Continue Reading
Total and Iraq face difficult sticking points in details of massive energy deal
After signing a Heads of Agreement with Total, Iraq is entering a difficult phase of negotiation over the contracts that would govern the multi-billion-dollar, multi-faceted energy investment. In a statement Continue Reading
Africa’s Largest Oil Producer Loses $29B Per Year On Power Outages
Businesses in Nigeria are losing each year around US$29 billion because of the unreliable power supply, the World Bank said in an estimate about the OPEC country, which is the Continue Reading
East Africa: ‘My House Is Crumbling’ – Living in Limbo Along the East Africa Pipeline
People along the route of the proposed 1,443 km oil pipeline talk of confusion, uncertainty and lives on hold. Following the recent signing of accords, the construction of a hugely Continue Reading
India records world’s biggest single-day rise in coronavirus cases
India recordedthe world’s highest daily tally of 314,835 COVID-19 infections on Thursday as a second wave of the pandemic raised new fears about the ability of crumbling health services to Continue Reading
Oil Demand to Buckle in India as Covid Surge Wreaks Havoc
A deserted Marine Drive during a weekend lockdown in Mumbai, on April 10. India’s deadly second Covid-19 wave has brought an abrupt halt to its nascent recovery from the pandemic, Continue Reading
Mexico Congress Passes Controversial Pro-Pemex Bill
The lower house of the Mexican parliament has passed a controversial bill that will give state-owned oil major Pemex more sway over the Mexican fuel market. Bloomberg reports that the Continue Reading