The International Energy Agency (IEA) predicted in 2023 that the global peak in oil demand would likely take place by 2030, as governments worldwide introduced plans for a green transition and fossil fuel companies began to diversify their portfolios to include renewable alternatives. However, this month, the IEA has backtracked on this prediction, stating that...
Day: November 23, 2025
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ACEP Clarifies Stance on Government’s Planned Acquisition of Springfield Oil Block
The Africa Centre for Energy Policy (ACEP) has outlined its position on the government’s intention to acquire Springfield Exploration and Production’s interest in the West Cape Three Points Block 2, emphasising that its concerns centre on governance and legality rather than local content support. In a detailed statement, Executive Director Benjamin Boakye said ACEP has...
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PHDC Acting CEO Dr. Tony Aubynn Named “Most Influential Corporate Leader of the Decade”
The Acting Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC), Dr. Tony Aubynn, has been honoured with the “Most Influential Corporate Leader of the Decade” Award for his outstanding contribution to national development. The recognition celebrates Dr. Aubynn’s transformative leadership and his impact across multiple sectors, including mining, energy, finance, and sports administration....