Ambitious climate action could grow Europe's economy 2pc by 2040
Oil and Gas News|October 2024
AGORA Energiewende's study suggests that investing in cleantech, net-zero infrastructure, and building renovations could boost the EU economy by around 2 per cent by 2040.
Ambitious climate action could grow Europe's economy 2pc by 2040

The research, titled "EU climate policy between economic opportunities and fiscal risks," analyzed the macroeconomic impacts of the transition to climate neutrality for the EU as a whole and five of its largest member states, France, Germany, Italy, Poland, and Spain.

Germany, France, Italy, and Spain are expected to see moderate economic growth, while Poland's GDP is projected to increase by around 5 per cent through 2040 compared to baseline levels.

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MAINTCON to drive resilience in asset management
Oil and Gas News

MAINTCON to drive resilience in asset management

THE 7th International Maintenance, Reliability, and Asset Management Conference (MAINTCON 2024), being held from October 13-16 at Exhibition World Bahrain, is set to be a landmark event in the industry.

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October 2024
Honeywell, Samsung E&A to reduce power plant emissions
Oil and Gas News

Honeywell, Samsung E&A to reduce power plant emissions

HONEYWELL and Samsung E&A have announced a joint marketing initiative to reduce carbon emissions in the global power plant sector. The initiative aims to combat climate change and align Honeywell's portfolio with three megatrends, including the energy transition.

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October 2024
New EPIC Flex Orbit System boosts downhole completion
Oil and Gas News

New EPIC Flex Orbit System boosts downhole completion

GEODYNAMICS, a global leader in perforating, downhole completion, intervention, and wireline conveyed solutions, has launched its EPIC Flex Orbit Perforating System.

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October 2024
MHI upgrades its CO2MPACT series
Oil and Gas News

MHI upgrades its CO2MPACT series

MITSUBISHI Heavy Industries (MHI) has renewed its CO2MPACT series, a commercially available decarbonisation solution for various industries.

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October 2024
Viking Completion finishes gas project in Germany
Oil and Gas News

Viking Completion finishes gas project in Germany

VIKING Completion Technology, a leading supplier of well completion equipment and services, has completed a significant gas storage project in Germany.

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October 2024
Sanicro 35 alloy offers strong structural stability
Oil and Gas News

Sanicro 35 alloy offers strong structural stability

ALLEIMA has introduced Sanicro® 35, a super austenitic alloy that bridges the gap between conventional stainless steels and higher-cost nickel alloys.

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October 2024
ROC is advancing energy with Congo LNG
Oil and Gas News

ROC is advancing energy with Congo LNG

THE Republic of the Congo (ROC) is making significant strides in its energy sector, with the successful start-up of its Congo LNG development and Moho Nord field expansion project.

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October 2024
ANPG and Sonangol launch Kwanza Basin campaign
Oil and Gas News

ANPG and Sonangol launch Kwanza Basin campaign

ANGOLA'S National Oil, Gas & Biofuels Agency (ANPG) and national oil company Sonangol have launched a 45-day geological data acquisition campaign in the onshore Kwanza Basin to identify the country's largely unexplored hydrocarbon potential.

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October 2024
Namibia's O&G sector is Africa's next big play
Oil and Gas News

Namibia's O&G sector is Africa's next big play

NAMIBIA, a nation known for its stunning landscapes and abundant wildlife, is rapidly emerging as a top destination for oil and gas exploration and investment.

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October 2024
Fossil fuels revenue loss could cost Africa: Paper
Oil and Gas News

Fossil fuels revenue loss could cost Africa: Paper

IN a recent commentary, Dr Oramah, President and Chair of Afreximbank presented a nuanced view on the urgent need for climate action in Africa while acknowledging the continent's reliance on fossil fuels.

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October 2024