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Uganda is aiming to become a crude oil exporter as the Uganda National Oil Company solidifies plans for a large oil field and pipeline project this year. This builds upon efforts by the government to attract greater foreign investment to the oil and gas sector. In addition, the development of a 60,000 bpd refinery will boost the country’s output. However, Uganda must strike the balance between fossil fuel development and its greenhouse gas emissions. As countries around the world curb their oil production in favor of renewable energy, as a…

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As countries around the world rally behind net zero targets, hydrogen is increasingly seen as a missing piece of the energy transformation puzzle to decarbonise harder-to-abate sectors. The possible pathway on which hydrogen might evolve still involves many uncertainties. With the growing momentum to establish a global hydrogen market comes the need for a deeper understanding of its broader effects, including geopolitical aspects. IRENA has carried out an in-depth analysis of the geopolitics of hydrogen as part of the work of the Collaborative Framework on the Geopolitics of Energy Transformation…

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Work on thousands of industrial, agricultural and residential solar power projects has been halted across Pakistan following the withdrawal of exemption from 17 percent sales tax and 3 percent additional sales tax on import of solar power equipment announced recently in mini-budget.  https://www.facebook.com/v2.9/plugins/quote.php?app_id=106170627023&channel=https%3A%2F%2Fstaticxx.facebook.com%2Fx%2Fconnect%2Fxd_arbiter%2F%3Fversion%3D46%23cb%3Df30576813a26468%26domain%3Dnation.com.pk%26is_canvas%3Dfalse%26origin%3Dhttps%253A%252F%252Fnation.com.pk%252Ff35811bb969a358%26relation%3Dparent.parent&container_width=779&href=https%3A%2F%2Fnation.com.pk%2F29-Jan-2022%2Fwork-on-thousands-of-solar-power-projects-across-pakistan-halted&locale=en_US&sdk=joey This was stated by Pakistan Solar Association founder and former chairman Muhammad Farhan in a meeting with Pakistan Industrial and Traders Association Front (PIAF) vice chairman Javed Siddiqi held here on Friday. Endorsing the stance of PSA’s stance to condemn the imposition of 17 percent tax on…

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Talk of $100-a-barrel oil has intensified in recent days, but triple-digit prices may pose a disadvantage for major oil-producing nations that are set to meet next week to decide the best course of action on production levels. “It isn’t in OPEC+’s best interest to see prices go through $90 [a barrel] this year and move higher,” says Bob Ryan, chief commodity and energy strategist at BCA Research. “The potential for demand destruction is high at these levels, especially if the [U.S. dollar] remains strong,” he adds, as local…

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Oil prices extended gains to their highest levels in over seven years on Friday as ongoing global political turmoil fanned concerns over tight supply. The benchmark contracts are on track for their sixth straight weekly rise, the longest run of gains since October. Brent futures rose $1.25, or 1.4%, to $90.59 a barrel by 11:09 am ET (1609 GMT), having hit their highest level since October 2014 at $91.70. U.S. West Texas Intermediate (WTI) crude futures gained $1.05, or 1.2%, to $87.66 a barrel after hitting an over seven-year high…

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