The report revealed a significant increase in oil revenue and a substantial boost to funding allocations as growth in investments in Ghana’s petroleum funds reached $1.4 billion.
Edward Bawa, in his first official statement since assuming office outlined a vision centered on fostering stronger collaborations with industry partners to attract increased investments and drive growth in the petroleum sector.
The U.S. supermajors, ExxonMobil and Chevron, continue with their plans to make the most of their priority oil and gas assets and projects and grow cash flows despite the changing geopolitical scene.
One thing will have become extremely clear to Saudi Arabia’s Crown Prince Mohammed bin Salman in the lead-up to Donald Trump beginning his second stint as U.S. President.
This means markets are entering a second year where investments are to remain somewhat flat, and this is now starting to impact not only short-cycle budgets but also longer-cycle budgets, such as offshore and midstream, putting a toll on all service market categories.
On his first day in office, President Donald Trump signed several executive orders aimed at reshaping the United States’ energy landscape. These orders mark the beginning of his administration’s efforts to increase energy independence and stimulate economic growth.
Oil declined amid risk-off sentiment in wider markets and a solidifying consensus that the Trump administration’s trade and foreign policy will rely more heavily on tariffs than on supply-constricting sanctions.
Consumption of the super-chilled gas may be less than a third of Italy’s import capacity by 2030, the Institute for Energy Economics and Financial Analysis said Monday in a report. Italian demand plunged 19 percent between 2021 and 2024, while LNG import capacity is set to triple in the five years through 2026.
State-owned oil and gas major Petróleo Brasileiro S.A. (Petrobras) has extended the charter period for the floating production storage and offloading units (FPSO) Cidade de Angra dos Reis by an additional five years, until 2030.
The contract will deliver a carbon capture plant, a liquefaction system, temporary storage, and loading facility at the waste incineration site. It also includes an intermediate CO2 storage and ship loading system at Oslo harbor.