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BP’s great reversal and the return of energy realism
By Sola Adebawo BP’s recent decision to eliminate its standalone Low Carbon Energy division and reorganize around upstream and downstream hydrocarbons is more than a corporate restructuring. It is one of the clearest signals yet that the assumptions underpinning the…
Oil chiefs demand Trump to reject Iran’s toll on Hormuz
Ziggy Ojiegbe Senior oil industry executives have reportedly urged the administration of Donald Trump to oppose Iran’s proposal to impose tolls on vessels passing through the Strait of Hormuz, a critical global energy corridor. According to U.S. media reports, executives…
Climate action: Global reserves drop by 9%
Sopuruchi Onwuka Total recoverable oil worldwide has indicated a peak, dropping by 9.0 percent from last year and threatening global energy security at a time price jumps associated with falling supplies trigger inflationary jumps across economies. According to Rystad Energy’s…
