An operational headquarters of the Ghana National Petroleum Corporation (GNPC) has been inaugurated in Takoradi.
The multimillion-dollar environmentally edifice to be known as the GNPC Energy House comes with smart and energy saving features with enough office spaces to coordinate its activities and host oil and gas industry players and related corporate entities.
Ghana’s Minister of State at the Ministry of Energy, Mr. Herbert Krapa, has given assurances that the government will deepen trust, collaboration and a sense of fair play with international oil companies present in the country.
World oil reserves are now below the five-year average, while global oil demand will grow by 2.2 mln barrels per day this year, Russian Deputy Prime Minister Alexander Novak said after a meeting of the OPEC+ monitoring committee.
The oil and gas industry is pushing the limits of offshore exploration with plans to drill a record-setting deepwater well in Colombia within months.
ADNOC’s offshore Satah Al Razboot (SARB) field has achieved a 25% increase in production capacity through the implementation of industry-leading advanced digital technologies.
Former Glencore execs, including ex-oil head Alex Beard, are charged with bribery by the Serious Fraud Office, accused of making corrupt payments to boost West African operations.
Nigeria’s $20 billion Dangote refinery is set to shake up international crude flows when it reaches full capacity, having already made an impact since coming online in January, trading sources and ship tracking data show.
Regulation (EU) 2024/1787 of the European Parliament and of the Council of 13 June 2024 on the reduction of methane emissions in the energy sector1 (the Regulation) was published in the Official Journal of the European Union on 15 July 2024 and comes into force on 4 August 2024.
Within the last few months, there’s been both good and bad news for South Africa’s oil and gas industry.
I’ll start with some good news: Shell, the UK-based giant, is optimistic that the vast hydrocarbon reserves discovered offshore Namibia extend into South Africa’s offshore zone. The company is so optimistic, in fact, that it asked the government earlier this summer for permission to bid on exploration rights for the Northern Cape Ultra Deep (NCUD) block in the Orange Basin.
The Ghana National Gas Company Limited (Ghana Gas) has announced plans to shut down its Gas Processing Plant (GPP) and offshore Gas Export Facilities for maintenance works.