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In a surprising turn of events, the Brazilian government has found a new ally in its fight against inflation and energy challenges: online casinos and crash games, like Aviator operators. By introducing additional taxes on these rapidly growing sectors, the government aims to channel the revenue into critical areas of the economy, including the burgeoning green energy sector. This strategy not only addresses economic stability but also aligns with Brazil’s long-term commitment to sustainable development.
(more…)According to the latest GlobalData report, the oil and gas industry is experiencing a slowdown in its energy transition efforts. The report highlights that despite the growing global emphasis on sustainability and reducing carbon emissions, the pace at which the...
The Nigerian National Petroleum Corporation (NNPC), a state-owned entity, recently acknowledged its substantial debt of $6 billion to petrol suppliers. This admission, made in early September 2024, marks a significant development in the Nigerian oil industry, which has been grappling...
Recently, a significant reserve of oil and gas was discovered in Pakistan's territorial waters. This finding came after a three-year geographical survey conducted in collaboration with a friendly country. The identification of these reserves could mark an important milestone for...
In a surprising turn of events, the Brazilian government has found a new ally in its fight against inflation and energy challenges: online casinos and crash games, like Aviator operators. By introducing additional taxes on these rapidly growing sectors, the...
In 2024, Libya's oil industry is navigating a complex landscape marked by both significant challenges and promising opportunities. The Libyan National Oil Corporation (NOC) has set ambitious goals to increase production capacity to two million barrels per day within the...
In recent months, Europe has witnessed a surprising and significant economic event: negative power prices. This phenomenon, where electricity producers must pay consumers to take their power, has raised eyebrows across the continent. While it may seem counterintuitive, negative power...
The US oil and gas industry is experiencing a paradoxical trend: record-breaking production levels coupled with a significant decline in employment. Despite the United States achieving unprecedented oil and gas output, the number of jobs in the sector has been...
India’s Oil and Natural Gas Corporation (ONGC) recently announced the discovery of five new oil and gas sources, marking a significant development for the country’s energy industry. These discoveries were made in multiple regions, both onshore and offshore, and promise...
Oil prices saw a partial recovery on Tuesday following Israel's military response to Hezbollah's recent attacks. The geopolitical tensions in the Middle East have once again highlighted the region's critical role in global energy markets, causing fluctuations in oil prices....
In July 2024, the Biden-Harris administration made a significant move to bolster the United States' energy security by purchasing 4.65 million barrels of crude oil for the Strategic Petroleum Reserve (SPR). This acquisition is part of a broader effort to...
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