“Based on preliminary interpretation of the well data, the discovery could represent an in-place natural gas resource of approximately 5 trillion to 8 trillion cubic feet (142 billion to 227 billion cubic meters)”, the United States energy giant said in a press release February 28, 2019.
Shell’s sprawling but secretive in-house trading business is often one of its biggest profit boosters, and Chief Executive Officer Wael Sawan said in March that its traders haven’t lost money in a single quarter over the past decade. Yet recent price swings have been hard to navigate, with crude whipsawed by US President Donald Trump’s trade war, OPEC+ policy and Israel’s attacks on Iran.
The Ministry, together with the Petroleum Commission and GNPC, will provide regulatory oversight and support to ensure the development process is efficient and aligned with national interests. Further technical and commercial evaluations are expected to help shape a mutually beneficial development framework for the Eban-Akoma project.
“The Ministry, working closely with the Petroleum Commission and GNPC, will continue to provide the necessary oversight and support to ensure that the development of the Eban-Akoma project is conducted efficiently and in alignment with government priorities. Further technical and commercial evaluations will be undertaken to finalize a development framework that is mutually beneficial and aligned with Ghana’s long-term energy strategy,”Mr Rockson added.
The IRDP said prices of other fuels, including gasoline and liquefied-petroleum gas, will remain unchanged in Angola, Africa’s third-largest oil producer. The IMF said in February that Angola should do more to eliminate subsidies that cost about $3 billion last year — similar to the amount the government spent on health and education last year.
“Entrenucleos is a landmark project for Plenitude – not only because it contributes to our growth objectives in Spain, but also because it reflects our deep and ongoing commitment to Andalusia, a region that plays a key role in the country’s renewable energy landscape”, Mariangiola Mollicone, Head of Renewables in Western Europe and Managing Director of Plenitude Renewables Spain, said. “With this project, we now have a portfolio of around 580 MW under construction in the region, and we look forward to continuing to invest in sustainable energy solutions that bring long-term value to local communities”.
The 27-member bloc imported a total of 69 billion cubic meters (2.44 trillion cubic feet) of gas in the January-March period, down two percent quarter-on-quarter and year-on-year. Pipeline gas accounted for 55 percent or 38 Bcm while liquefied natural gas (LNG) contributed 45 percent or 31 Bcm, according to the Commission’s latest quarterly gas market report.
Eight key alliance members agreed to raise supply by 548,000 barrels a day at a video conference on Saturday, putting the group on pace to unwind its most recent layer of output cuts one year earlier than originally outlined. The countries had announced increases of 411,000 barrels for each of May, June and July – already three times faster than scheduled – and traders had expected the same amount for August.
BRICS also acknowledged that the world is still decades away from giving up oil and gas, especially in its emerging-economy parts. “We acknowledge fossil fuels will still play an important role in the world’s energy mix,” the group said in its joint statement, “particularly for emerging markets and developing economies, and we recognize the need to promote just, orderly, equitable and inclusive energy transitions and reduce GHG emissions in line with our climate goals and observing SDG7, and the principles of technological neutrality and common but differentiated responsibilities and respective capabilities taking into account national circumstances, needs and priorities.”
The United Kingdom Maritime Trade Operations website reported that “The vessel has been engaged by multiple small vessels who have opened fire with small arms and self-propelled grenades. Armed Security Team have returned fire and situation is ongoing. Authorities are investigating. Vessels are advised to transit with caution and report any suspicious activity to UKMTO.”