A five-year delay to the energy transition could see the global average temperature rise to 3-degree Celsius above pre-industrial levels, according to Wood Mackenzie’s latest analysis: ‘A delayed energy transition’. Wood Mackenzie’s delayed energy transition scenario, which analyzed the impact a five-year delay might have on global decarbonization efforts, expects annual average spending to fall […]

VAALCO Energy has issued its 2023 Sustainability Report. The report covers VAALCO’s environmental, social and governance (ESG) initiatives and related key performance indicators for the financial year 2023. During 2023, the business greatly enhanced its leadership team, appointing new Group-level heads of function to centralize accountability and to set global standards, processes and plans for […]

Sound Energy reports that Moroccan state firm ONHYM has agreed on an 18-month extension to the initial period of the Anoual Exploration Permits to July 8, 2024. Subject to Ministerial approval, the length of the Anoual Initial Period will now be 6 years and 10 months, commencing on or about September 8, 2017, and ending […]