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Saudi oil giant ready to boost crude oil output, if needed

The world’s largest exporter of crude oil said it stands ready to accelerate production to its maximum capacity of 12.3 MMbbl/d over the next three years

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Global renewable power capacity increased by 295GW in 2021, says IEA

Renewables’ growth so far this year is much faster than initially expected, driven by strong policy support in China, the European Union and Latin America, which are more than compensating for slower than anticipated growth in the United States.

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UAE focus: Perfecting the energy mix on the road to net zero

Angitha Pradeep analyses the UAE’s role as a global player in the hydrocarbon, renewable, and nuclear sectors as the current economic and geopolitical setting impacts its diversification strategies

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Oil price could reach $240 this year if sanctions on Russia supply continue: Rystad

This is the largest energy crisis in decades and the impact on the world’s most important commodity is going to be unprecedented, says Rystad Energy’s head of oil Bjørnar Tonhaugen

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Memorandum of Understanding Between Lebanon and Cyprus

On the 23 July 2021, the Deputy Prime Minister and Acting Minister of Foreign Affairs Zeina Akar signed a Memorandum of Understanding (MOU) extending over a duration of five years between Lebanon and Cyprus related to the oil and gas sector.

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NEWS EITI webinar: Hidden but with a high cost – What is at stake with supplier transparency?

The LPA took part in a webinar organized by the EITI Secretariat, which provided a platform to share good practice examples in disclosing and using supplier information. Building on the latest research by NRGI on the significance of the extractive industry suppliers’ oversight, the objective of the webinar was to raise awareness among governments, extractive companies and civil society organizations on the importance of publishing subcontractors data so to reduce corruption risks and promote trust and accountability.

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Logi debate: Should Lebanon pursue O&G exploration despite the rise of renewables and decarbonization?

The LPA took part in an online debate organised by the Lebanese Oil and Gas Initiative (Logi) to discuss the role of natural gas amid the energy transition and the rise of renewable energy technologies and carbon neutral targets.

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