Energy | GUPC

Angola Oil & Gas (AOG) 2024 to Host Exclusive ‘Fireside Chat’ with Minister Diamantino Azevedo

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | August 30, 2024 | Comment off

Angola serves as sub-Saharan Africa’s second largest oil producing country, boasting an estimated 9 billion barrels of proven crude oil reserves and 11 trillion cubic feet of natural gas. As such, the country anticipates an investment pipeline of up to $60 billion over the next five years, largely directed towards exploration and production. An Angola Oil&Gas (AOG) fireside chat will offer exclusive insights into the country’s strategic vision, investment opportunities and future prospects in the oil and gas sector.

Oil Production Halt Widens in Libya as Central Bank Dispute Deepens

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | August 30, 2024 | Comment off

Libya’s oilfield closures have intensified with production at the Sarir field nearly coming to a standstill, according to two field engineers. This development is part of an escalating political conflict over control of the Central Bank of Libya (CBL) and the nation’s oil revenues.

South Africa: Eco (Atlantic) announces completion of farm down in Block 3B/4B Orange Basin South Africa to TotalEnergies and QatarEnergy

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | August 30, 2024 | Comment off

Eco (Atlantic) Oil & Gas, the oil and gas exploration company focused on the offshore Atlantic Margins in South Africa, Namibia, and Guyana, has announced completion of a farm down of a 13.75% participating interest in Block 3B/4B offshore the Republic of South Africa and transfer of operatorship of the Block after receipt of the requisite regulatory approvals from the government of South Africa. Eco now holds a 6.25% interest in Block 3B/4B.

Libya’s oil output falls by over 50% due to ongoing political standoff

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | August 30, 2024 | Comment off

More than half of total Libya’s oil production has gone offline as the Arab country’s exports were suspended due to a political standoff between rival factions, threatening four years of relative peace.

The Construction Of Ghana’s $12bn Petroleum Hub: Promise And Peril?

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | August 30, 2024 | Comment off

Ghana’s recent groundbreaking ceremony for the construction of a $12 billion petroleum hub in Jomoro marks a pivotal moment in the country’s economic trajectory.

Oil Prices Inch Higher as Libya’s Oil Outage Outweighs Demand Fears

Energy‚ Oil & Gas | intent | August 29, 2024 | Comment off

Crude oil prices ticked higher earlier today, after posting two daily losses, as the shutdown of oil fields in Libya took precedence over demand worry.

Norway body calls for new Barents pipeline to boost oil, gas output, exploration

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | August 22, 2024 | Comment off

Upstream regulator the Norwegian Offshore Directorate on Aug. 21 renewed calls for constructing a gas pipeline connection to the Barents Sea, saying unlocking Arctic resources would be key to maximizing the country’s hydrocarbon production potential.

Norway Eyes Increased Oil and Gas Exploration Through 2050

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | August 22, 2024 | Comment off

According to the Norwegian Offshore Directorate’s projected scenarios leading up to 2050, the difference between high and low production of oil and gas can amount to nearly an entire government pension fund.

Iraq signs deals for 13 oil and gas blocks following its latest licensing rounds

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | August 22, 2024 | Comment off

Iraq’s Oil Ministry has signed initial deals for 13 oil and gas exploration blocks and fields, which could increase the country’s output by 750 kb/d of crude oil and 850 mcf/d (8.8 bcm/year) of natural gas. The agreements were signed with the winning companies within Iraq’s fifth and sixth supplementary licensing rounds. These deals represent the follow-up of the bidding round held in May 2024, in which Chinese companies dominated.

Oil & Gas Stock Roundup: Shell in Australia & SLB in Russia Make Headlines

Energy‚ Oil & Gas‚ Oil and Gas Industry‚ Uncategorized | intent | August 22, 2024 | Comment off

It was a week when both oil and natural gas prices recorded small losses.

The headlines revolved around energy biggie Shell plc’s SHEL investment in an Australian gas project and equipment supplier SLB’s SLB expansion in Russia. Developments associated with ExxonMobil XOM, Marathon Oil MRO and NextDecade Corporation NEXT also grabbed attention.