Virtually all West African countries, from Mauritania, Cote D’Ivoire, Sierra Leone, Liberia, to Ghana and others, all in the Gulf of Guinea axis, have developed oil and gas explorations. By 2027, all these countries will increase three fold their oil outputs.
TotalEnergies, operator of OML 58 onshore license in Nigeria with a 40% interest, together with the Nigerian National Petroleum Corporation Ltd (NNPCL, 60%), have taken the Final Investment Decision (FID) for the development of the Ubeta gas field.
Dangote Industries Limited (DIL) has accused the International Oil Companies (IOCs) operating in Nigeria of actively hindering the Dangote Oil Refinery’s operations.
Stakeholders in the Keta-Vodza coastal community groups have called for a comprehensive environmental impact assessment for the Keta Delta Oil Block and other energy projects.
The assessment should include cumulative impacts on biodiversity, marine ecosystems, and local livelihoods.
The stakeholders demanded that all energy projects, including the Keta Delta Oil Block, adhere to the principles of Free, Prior, and Informed Consent (FPIC) as outlined in the UN Convention.
The Chief Executive Officer of the Chamber of Bulk Oil Distributors, Dr. Patrick Ofori, has raised
concerns about the resumption of Strategic Mobilisation Limited (SML) in the monitoring operations
in Ghana’s Downstream Petroleum.
Indonesia plans to start in July construction of a 245 km (152.24 miles) gas pipeline in Java to connect excess supply in eastern part of the island to buyers in the west, an energy ministry official said on Wednesday 19 June 2024.
The global flexible pipes market size is estimated to grow by USD 173.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 2.8% during the forecast period. Rising investment in upstream oil and gas activity is driving market growth, with a trend towards increased use of carbon composite to increase strength. However, fluctuation in crude oil prices poses a challenge. Key market players include BRUGG GROUP AG, CGH Belgium NV, Changchun Gaoxiang Special Pipe Co. Ltd., Chevron Phillips Chemical Co. LLC, Continental AG, Davis Standard LLC, FlexSteel Pipeline Technologies Inc., General Electric Co., Hebei Heng An Tai Pipeline Co. Ltd., MAGMA GLOBAL Ltd., Mattr Corp., NOV Inc., NV Bekaert SA, Prysmian Spa, Saudi Arabian Amiantit Co., Shandong Saigao Group Corp., Shell plc, Strohm B.V., TechnipFMC plc, and Wienerberger AG.
Fitch Ratings has maintained most of its oil and gas price assumptions, reflecting broadly unchanged market fundamentals.
Our base-case oil price assumptions have not changed. While Brent crude oil prices reached USD90 a barrel in April due to increased tensions in the Middle East, prices declined once the concerns had abated.
American oil major Chevron Corporation has signed agreements with the Angolan government that will allow it to commence exploration at two of its blocks off the Atlantic coast.
TGS will manage and license Tanzania’s offshore subsurface data under an agreement with the country’s Petroleum Upstream Regulatory Authority.
Previous exploration has proven various plays, TGS said, across much of the stratigraphy offshore, from early Cretaceous to Miocene reservoirs.