IMF: Oil Price Shock Tests Global Economic Resilience

The surge in oil and LNG prices as a result of the Middle East war is testing the resilience of the global economy once again, IMF Managing Director Kristalina Georgieva…

Europe-Bound LNG Cargoes Divert to Asia as War Upends Gas Market

A growing number of LNG cargoes that were initially en route to Europe have sharply diverted in the Atlantic toward Asia via the Cape of Good Hope as Asian buyers…

Nigeria Needs $23 Billion To Electrify 143,000 Communities, Says REA

The government of Nigeria has revealed that about $23 billion will be needed to provide reliable electricity to communities that still lack proper power access across the country. The estimate…

Pivot Energy And Sustain Our Future Foundation Partner To Support Communities and Expand Solar Projects

Representational image. Credit: Canva A new partnership aimed at supporting local communities and expanding renewable energy has been announced by Pivot Energy. The company has entered into a multi-year collaboration…

Analysts See ‘Significant Yet Short Lived’ Oil Price Rallies

In a BMI report sent to Rigzone by the Fitch Group on Friday morning, analysts at BMI, a Fitch Solutions company, revealed that they expect “significant yet short lived rallies…

Slovenia Approves Solar Project On Former Landfill Site In Maribor

A new solar energy project is set to move forward in Slovenia after the signing of a co-financing agreement for a solar power plant that will be built on a…

Ancillary Services Gain Importance As Renewable Energy Growth Reshapes Gulf Power Grids

Representational image. Credit: Canva The rapid growth of renewable energy is changing the way power systems operate around the world, and countries in the Gulf region are also experiencing this…