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Labour Party Vows To Make The UK A Clean Energy Superpower By 2030

On Monday, Britain’s Labour Party, which is tipped to win the next general election, pledged to make the UK a clean energy superpower by the end of the decade. Labour leader Keir Starmer said on Monday that Labour’s mission is “to make Britain a clean energy superpower by 2030.”  “We will cut bills, create good jobs across the whole of the UK, and deliver energy security,” Starmer said, adding that a surge in homegrown renewable resources would make Britain less dependent on hostile regimes, including Putin’s.    Labour seeks to bring down energy bills on a permanent basis, not just from month to month, Starmer said in announcing the party’s energy platform today. The Labour leader reiterated his view that renewables will be the pillar of energy in the UK. In recent days, however, Starmer has backtracked on previous comments about the North Sea oil and gas industry and a ban on […]

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Bullish Refinery Data From China Lifts Oil Prices

September West Texas Intermediate (WTI) crude oil futures experienced another volatile week, culminating in a 3% increase to reach a one-week high on Thursday. Several factors contributed to this rise, including a weaker U.S. dollar and a significant surge in refinery runs in China, the world’s top crude oil importer. This positive performance helped the market recover from earlier losses, which puts it in a position to end the week on an upward trajectory. Supply and Demand Factors The bullish sentiment in the oil market was supported by multiple supply and demand factors. Firstly, the gasoline crack spread, which measures refining profit margins, reached its highest level since July 2022 in the United States. This is indicative of strong demand for gasoline relative to the cost of crude oil. The high crack spread incentivizes refiners to increase gasoline production, driving up the demand for crude oil as feedstock and ultimately […]

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Oil & Gas: 5,000 applicants jostle for PTDF’s oversea scholarships

By Obas Esiedesa, Abuja The Petroleum Technology Development Fund, PTDF, has begun the interview of 5,000 applicants shortlisted for its 2023 oversea’s postgraduate scholarship scheme. The applicants are jostling for placements in the programme that would see them sent to universities in the United Kingdom, France, Germany, Malaysia and China for masters and doctorate programmes in oil and gas related courses. Speaking at the commencement of the selection interview in Abuja, Head, PTDF scholarship scheme, Bolanle Kehinde-Abiola, disclosed the interviews will be conducted across designated centres in the six geo-political zones in the country. She explained the scholarships will be awarded to the three best applicants from each state with an additional slot for oil and gas producing states. “ We have over five thousand candidates that we have shortlisted to partake in the exercise which is going on nationwide in the six geo political zones of the country. “The […]

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