Daily News

HOUSTON–(BUSINESS WIRE)–Riverbend Energy Group (“Riverbend” or the “Company”), via certain of its affiliates, announced today the acquisition of a sizeable non-operated working interest position in the core of the Williston Basin (the “Acquisition”). The Acquisition, along with other recent transactions, provides a high-quality, free cash flow positive non-operated asset base in both the Williston and Permian basins, underpinned by top-tier operators in the most active oil-producing basins in the U.S. The Acquisition and other recent transactions mark the rebuilding of […]

VIENNA, Austria – The OPEC Fund for International Development (the OPEC Fund) and the United Nations World Food Programme, Monday, June 19, signed a cooperation agreement to intensify joint efforts to enhance global food security and build climate-resilient food systems. The collaboration aims to scale-up adaptation to address climate risks in the sector, promote climate-smart and innovative agriculture solutions and accelerate progress towards Sustainable Development Goal 2 “Zero Hunger”. OPEC fund director-general Abdulhamid Alkhalifa, said: “We are proud to join […]

WASHINGTON, USA – The United States welcomes and congratulates Qatar and the United Arab Emirates on their resumption of diplomatic representation and reopening embassies, says a US Department of State press statement Monday. “This is another important step forward among our Gulf Cooperation Council partners to promote regional stability and mutual cooperation,” Matthew Miller, US Department of State, said. “The United States is fully committed to working with the GCC and other regional partners to build a more secure, integrated, […]

By Khoder Nashar and Hazem Hussein CARACAS, Venezuela, (WAM) – Reem bint Ibrahim Al Hashimy, minister of state for international cooperation, visited the Bolivarian Republic of Venezuela as part of her Latin American and Caribbean tour. Al Hashimy met with Nicolás Maduro, president of Venezuela, and a number of high-ranking officials, to discuss bilateral relations between the UAE and Venezuela and ways to enhance them. Al Hashimy’s visit follows the visit of Venezuela vice president Dr Delcy Rodriguez to the […]

GENEVA, Switzerland, (ILO News) – At its 348th session, the International Labour Organization’s Governing Body elected its officers for the period 2023-2024. Abiodun Richards Adejola (Nigeria), was elected chairperson of the International Labour Organization’s Governing Body for the period 2023-24. He was elected by consensus at the 348th Session of the Governing Body on 17 June 2023 and assumed his role as chair with immediate effect. Catelene Passchier (Netherlands) was re-elected as the worker vice-chairperson. Renate Hornung-Draus (Germany) was re-elected as the employer […]

UN NEWS—From institutionalized racism to genocide, the roots are the same, according to people on the frontlines of change who shared their stories with UN News ahead of the International Day for Countering Hate Speech, observed on Sunday. Social media’s role in crushing hate speech From COVID-19 to climate change, hateful exchanges among those with opposing views is a growing concern, said Latifa Akharbach, president of the High Authority of Audiovisual Communication (HACA) in Morocco. The international community’s “failure” in managing and regulating migration “fuels […]

VIENNA, Austria – The OPEC Fund for International Development (the OPEC Fund) today signed an agreement with the International Renewable Energy Agency (IRENA) to join the Energy Transition Accelerator Financing (ETAF) platform, a global initiative that seeks to mobilize funds for renewable energy investments. The OPEC Fund plans to support the platform with up to US$250 million in financing until 2030 for renewable energy solutions in its partner countries. OPEC Fund director-general Abdulhamid Alkhalifa and Francesco La Camera, director-general of […]

By Dr Arlington Chesney In an April 2023 article by Terrence Blackman and Carolyn Walcott, “From Black Gold to Green Fields: The Promise of Guyana’s Oil Wealth in Supporting Agriculture”, the authors emphasised Guyana’s significant oil and as revenues with a projected extraction rate of 1.7 million barrels of oil per day by 2030 and how that could translate into an agricultural revolution for Guyana. They identified agriculture’s critical input to minimising Guyana’s chances of experiencing the resource curse. Investments, […]

ASIA / THE PACIFIC – UNWTO’s member states came together for the 35th meeting of its joint Commission for East Asia and the Pacific and South Asia to assess the major challenges to tourism development in the region for the years ahead. UNWTO’s members from Asia and the Pacific met as recovery from the impacts of the pandemic on tourism in the region steadily accelerates. According to UNWTO data: Worldwide, twice as many people travelled internationally in the first three months of […]