A spike in Brent crude prices last week to a 10-month high of over $90 a barrel has brought cheers to upstream oil companies with hopes of wider profit margins.
Eni SPA has signed a deal divesting one of its units in Nigeria to Oando PLC, saying the move is part of efforts to refocus on more profitable assets
Natural gas has been dubbed the ‘fuel of the future’ in Africa, largely due to its availability and sustainability. With over 620 trillion cubic feet of proven gas resources across the continent, the development of the industry offers newfound opportunities for Africa to tap into an alternative energy supply.
Australia’s Santos Ltd. has entered into a binding agreement to sell a 2.6 percent participating interest in PNG LNG to Papua New Guinea’s Kumul Petroleum Holdings Ltd. for $576 million in cash and the assumption of approximately $160 million of project finance debt, the two companies said.
OSLO, Norway — Investments in Norway’s oil and gas industry could surge to a record NOK225 billion ($21 billion) this year, according to Rystad Energy.
Recently, Norway and the UK managed to overcome certain challenges and increase investments heavily into the energy sector, especially in the North Sea region.
Dr. Matthew Opoku Prempeh, Energy Minister, says Ghana is taking the necessary steps to gradually switch from the use of fossil fuels to carbon-free and renewable energy sources.
Increased exploration, wise investments, welcoming dispositions, and attractive economic policies are but the first few steps of that journey
Kuwait aims to boost the country’s oil production capacity to 3.5 million barrels per day in 2030
Hundreds of oil and gas traders, hedge fund managers, producers and analysts will fill high-end bars and hotels in Singapore this week, hoping to answer one question: Is China really back?