Saudi Aramco profit drops 50% for first half of the year as pandemic batters oil price

KEY POINTS Saudi Aramco’s net income plunged to $23.2 billion in the first six months of the year, down by half from $46.9 billion over the same period in 2019. Saudi Arabia’s majority state-owned oil company and the world’s largest…

IMO May Crack Down on Ships Using LNG as Fuel

There are strong indications that International Maritime Organisation (IMO) may start cracking down on ships using Liquefied Natural Gas (LNG) as fuel. According to a recent study by IMO LNG methane emissions from shipping transportation is more dangerous to health…

Minister leads experts to proffer solutions to flooding in Nigeria

In 2019, 130,934 people were affected by floods, while 48,114 persons were displaced and 126 lost lives 102 high risk areas in 28 states and 275 moderate risk areas in NIHSA Annual flood outlook in 2020 so far, more than…

Connecting communities and advancing gender equality in The Gambia

The Gambia is a small fragile country in West Africa – one that is faced with growing poverty, food insecurity and malnutrition. Over the last decade, major climate-related crises as well as disease outbreaks have left the population more vulnerable.…

Protect landscapes to protect humanity

COVID-19 is a zoonotic disease, meaning that it jumps between animals and people, and is therefore closely connected to the lands both inhabit. Human and economic activity is eroding wild spaces, forests and other important ecosystems, bringing us closer to…

Gucci’s CEO on going green

Fashion is one of the most visible industries on our planet. What we wear marks who we are. The novelty has come with a price. Today, the fashion industry accounts for 10 per cent of the planet’s carbon emissions and is…

A fund for African Fashion

Roberta Annan, a Ghanaian businesswoman, launched the African Fashion Fund in 2011 to improve access to finance and infrastructure for artisans and creatives from across the continent. She insists that sustainability cannot be limited to only the materials used in…

COVID-19 speeds up digitalization of African agricultural sector

When it became harder in Kenya for plant and animal health specialists to meet physically with farmers due to the COVID-19 pandemic, the two sides embraced digital agriculture services. And when farmers found it difficult to buy agri-products like seeds and…

Consistent Low Oil Price Portends Gloomy Future For Nigeria’s Economy-Avuru

…Investments in the Oil and Gas Sector Dwindling …Pandemic Has Led to Global Economic Meltdown …Gas as an Enabler for Domestic Energy Security …Need for Increase in Non-Oil Sector  -By Felix Douglas   The Nigerian Association of Petroleum Explorationist (NAPE),…

Balancing the economy while saving the planet

“A new research-based framework lets companies make informed decisions balancing economic and sustainability factors when producing biochemicals” If you make your bio-product 100% sustainable it may be way too expensive to produce. If you make it less environmentally friendly, you…

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