Eni has been awarded a 100% participating interest in the Sapukala offshore exploration block in Indonesia’s Kutei basin as part of the country’s first 2026 petroleum bidding round. The Sapukala block covers deepwater acreage in water depths ranging from 1,000 to 2,500 meters offshore East Kalimantan. The acreage is adjacent to Eni’s existing operated […]
The Federal Government and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have called for sustained investment in Nigeria’s oil and gas industry, stressing the need for policy stability, regulatory certainty, security and faster project execution to keep the sector competitive amid the global energy transition. The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, […]
Saudi Arabia has sold almost 100 million barrels of oil to Asian buyers since the middle of last week, according to traders familiar with the matter, helping to avert a looming supply crunch in the region. The crude for delivery in October and November will be sent via the Strait of Hormuz, said the traders, […]
NIPCO Group says it has invested approximately two billion dollars in Nigeria’s oil and gas sector, covering pipelines, CNG, LPG and retail infrastructure. Mr Nagendra Verma, Managing Director, NIPCO, disclosed this on Thursday while briefing newsmen on the company’s developments in Nigeria’s oil and gas sector. “Over the years, the group has invested approximately two […]
Tunde Afolabi’s Amni International Petroleum and TotalEnergies signed an $800 million final investment decision on Wednesday, Sept. 23, to develop the Ima gas field offshore Nigeria, 53 years after it was discovered.
Petrobras and ENH, the national oil companies of Brazil and Mozambique respectively, have signed a memorandum of understanding, establishing cooperation in oil and gas assessment and development. The agreement coincided with Mozambican President Daniel Chapo’s visit to Brazil, where he spoke at Rio Oil & Gas 2026. “We are not looking only for suppliers. We […]
The Parliamentary Select Committee on Energy has appealed to the Ministry of Finance to release GH¢5.6 million to the Petroleum Commission to enable it to establish and operate a world-class data centre. According to the Committee, access to the funds will strengthen the Commission’s capacity to manage critical upstream petroleum data and improve its operations. […]
The Acting Chief Executive Officer of the Petroleum Commission, Emeafa Hardcastle, says Ghana is preparing to drill its first onshore exploration well in the Voltaian Basin before the end of 2026. She says the Ghana National Petroleum Corporation (GNPC) and its exploration subsidiary, GNPC Explorco, are leading preparations to test the petroleum potential of the […]
Imperial Oil chief executive John Whelan has stated his opposition to Alberta separatism, making this the first major energy company in the province to take a public position on the movement, Financial Post reported, citing Bloomberg.
Countries in Southeast Asia are still building natural gas-fired power plants despite the price inflation in gas caused by the Middle East war. Asian countries are also building more LNG import capacity