Page 58 - Development Report News Today

Aker BP has notified the Norwegian Ministry of Petroleum and Energy that the company has acceded to all the Plans for Development and Operation submitted in December 2022, except from one. The total recoverable resources from these development projects were estimated to 730 mmboe net for Aker BP, with net investments of approx. USD 19 billion in nominal terms and an average break-even price of USD 35-40 per barrel.

Norwegian oil and gas company Aker BP has notified the Norwegian Ministry of Petroleum and Energy that the company has acceded…

The total recoverable resources from these development projects were estimated to 730 MMboe net for Aker BP, with net investments of approximately $19 billion in nominal terms and an average break-even price of $35-40 per bbl.

What we’re reading about the social externalities from jobs

ISLAMABAD: Federal Minister for Climate Change Senator Sherry Rehman has questioned if all political parties would be allowed to bring processions in the courts in future.“The court should...

The recent United Nations Framework Convention on Climate Change (COP27) held in Sharm el-Sheikh, Egypt, has raised the prominence of climate action in the Middle East and North Africa (MENA) region, which will also host COP 28 in the UAE. MENA countries are the most vulnerable to climate change with 60% of the region’s population living in highly water-stressed areas and 20 million people who could be displaced by climate change. A green transition could provide the opportunity for millions o...

AMMAN — The International Finance Corporation’s (IFC) pioneering investment in Jordan’s first green bond will help fund green projects in the country, addressing growing climate challenges and supporting sustainable economic growth, according to an IFC statement on Sunday. 

China Focus: "She-power" contributes to Chinas rural vitalization-

THE Department of Budget and Management (DBM) urged various government agencies to identify more programs aimed at mitigating the effects of the climate crisis on the country as the national government remains keen on hiking funding for climate-related programs. DBM Secretary Amenah F. Pangandaman said the national government allocated P464.5…

Economics is known as the “dismal science” because economists are always talking about trade-offs: if you eat your cake, you can’t have it too. But is there a trade-off between economic growth and climate resilience?