On Friday, the Libyan-Tunisian Joint Oil Exploration, Exploitation and Petroleum Services Company (Joint Oil) announced the schedule of a new bid round for exploration and development of offshore acreage in the Gabes-Tripoli Basin, the cross-border zone the two countries jointly administer in the central Mediterranean. The round, run with strategic advisor Moyes & Co, opens […]
Ghana’s shift towards gas-driven power generation has helped reduce the country’s dependence on imported liquid fuels, generating annual savings of about $500 million, Energy and Green Transition Minister Dr John Abdulai Jinapor has said. Speaking at the launch of the Petroleum Commission’s 15th anniversary celebrations on Tuesday, August 18, Dr Jinapor said increased gas availability […]
Minister for Energy and Green Transition, Dr John Abdulai Jinapor, has called for a shift in Ghana’s participation in the upstream petroleum industry from securing contracts to building globally competitive indigenous companies capable of owning and leading businesses in the sector. Speaking at the 15th anniversary celebration of the Petroleum Commission of Ghana, Mr Jinapor […]
The Minister for Energy and Green Transition, John Abdulai Jinapor, has revealed that government will soon sign five new petroleum agreements with international firms seeking to enter Ghana’s upstream petroleum sector. According to him, renewed investor confidence in Ghana’s oil and gas industry, driven by strategic reforms undertaken by government, has sparked fresh interest from […]
The government is implementing measures to restore investor confidence, increase exploration, and reverse declining oil production as Ghana seeks to revitalise its upstream petroleum sector, Minister for Energy and Green Transition Dr John Abdulai Jinapor has said. Speaking at the 15th anniversary celebration of the Petroleum Commission, Mr Jinapor said Ghana faced increasing competition for […]
Chevron has confirmed an oil and gas condensate discovery at an exploration well in Angola’s Block 0, adding to the company’s exploration momentum in Sub-Saharan Africa. Located in the Lower Congo Basin, this discovery is seen as reflecting the strength of the firm’s exploration portfolio and its continued focus on identifying new resource opportunities. The […]
In January-July of this year, AZN 3,708.6 million was invested in Azerbaijan’s oil and gas sector, APA-Economics reports, citing the State Statistical Committee.
China has pledged to increase its domestic oil and gas supplies to 440 million tons of oil equivalent, while expanding its long-distance pipeline network by an additional 20,000 kilometers, bringing the national total to 220,000 kilometers by 2030. These targets, unveiled on Monday by the National Development and Reform Commission (NDRC) and the National Energy […]
Chevron said on Monday it had discovered oil and gas condensate at an exploration well in Block 0, offshore Angola, adding to its push to increase production in sub-Saharan Africa through infrastructure-led exploration, Reuters reported.
A Ghanaian energy company has raised more than half a billion dollars to fund ongoing natural gas-based power projects and pursue new opportunities in West Africa. Genser Energy secured a €456 million ($527 million) credit package arranged by three of South Africa’s top banks First Rand Bank, Absa and Standard Bank, company founder and CEO […]