The performance reflects stable global oil prices and adherence to the Petroleum Revenue Management Act, managed by the Bank of Ghana. This revenue stream supports fiscal resilience under President Mahama’s administration amid broader economic recovery efforts.
Ghana is on the path to energy self-sufficiency as Genser Energy develops a 200 million cubic feet per day gas processing plant in Prestea, Western Region. Ghana currently produces 380 million cubic feet of natural gas per day, which falls short of its daily peak needs of 460 million cubic feet.
Technip Energies is a global engineering and technology company serving the energy industry. It specialises in LNG, hydrogen, sustainable chemistry and CO2 management, and has delivered over 20% of the world’s operating LNG capacity. The company also leads in modular and innovative project delivery models worldwide.
SLB OneSubsea has been awarded an EPC contract by Equinor for a 12-well all-electric subsea production system at the Fram Sør project offshore Norway, the company said on Monday.
Yinson Production has completed the buy-out of the project loan tied to FPSO Atlanta from Brava Energia S.A., paying a total of approximately $257.4 million in cash, including $255.5 million in principal and $1.9 million in accrued interest.
Following its debut at the Guyana Energy Conference and Supply Chain Expo in 2024, MODEC has returned to this year’s event with a stronger resolve to build lasting partnerships in the local energy sector. The company’s Country Manager, Rafael Fumis, took the opportunity on Tuesday to reaffirm the company’s long-term commitment to Guyana while highlighting its ongoing investments in local capacity development.
Trading houses Vitol and Glencore will receive $380 million in compensation after their gas supplier, trading firm Taleveras, won a legal battle in a London court against Nigeria’s sole liquefied natural gas (LNG) producer for non-delivery of cargoes, court documents seen by Reuters showed.
President John Mahama has revealed that global oil giant Shell has submitted an offer to participate in Ghana’s Pecan Oil Field project, marking a significant step toward advancing the country’s oil and gas sector.
Narrow-azimuth (NAZ) seismic acquired during the first quarter over Jubilee is undergoing processing, with initial results delivering a significant uplift in imaging quality. That should improve further through an ocean-bottom node seismic campaign, planned for later this year. The results should upgrade the velocity model, with a beneficial impact on the NAZ processing.
Eni SPA has launched a production vessel and is readying another as part of the Congo LNG Project, the country’s first natural gas liquefaction project, in the Marine XII concession offshore the Republic of Congo.