Pivotal exploration probe starts drilling on massive gas prospect in Africa - Upstream Online
Pivotal exploration probe starts drilling on massive gas prospect in Africa | Upstream Online
Australia-listed junior Invictus Energy has spudded a critical exploration well in Zimbabwe which, if successful, could open up a major new gas play in a country devoid of oil and gas discoveries.
Pivotal exploration probe starts drilling on massive gas prospect in Africa
Invictus Energy spuds closely-watched exploration well in Zimbabwe
21 September 2023 9:35 GMT Updated 21 September 2023 9:35 GMT
By
in London
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”