According to the leading energy company, gas is the immediate solution to many immediate problems in Africa; thus, there is a compelling development case for investment in the resource.
Top government officials as well as oil and gas stakeholders have confirmed to attend the 2024 edition of the Practical Nigerian Content (PNC) Conference and Exhibition slated for the first week of December in Bayelsa State.
Tullow and the Ghana Forestry Commission have completed all requirements to commence full-scale implementation of a joint nature-based carbon offset project, launched earlier this year.
The current five-year gas transit deal between Russia and Ukraine expires on Dec. 31 and Kyiv has repeatedly said it would not engage in talks with Moscow over an agreement extension.
“The Russian government also uses Gazprombank to pay its soldiers, including for combat bonuses, and to compensate the families of Russian soldiers killed fighting Putin’s war against Ukraine. Australia, Canada, New Zealand and the UK have previously sanctioned Gazprombank,” it continued.
“These Russian attacks on Ukrainian life can be stopped,” he said. “With pressure, sanctions, blocking the occupiers’ access to the components they use to create the tools of this terror, arms packages for Ukraine, and a resolve that must be unwavering.”
GUH says that the forum is helping to bring new technology and innovation to market more quickly, benefiting the operators and creating new opportunities for the supply chain to capitalize on the global subsea IRM (inspection, repair and maintenance) market, worth over £3billion.
The U.S. is pumping more than 13 million bpd, exceeding every other nation and up almost 45% in just a decade. The global oil market is closely watching to see if American explorers can drill enough new wells to offset the natural decline in aging shale discoveries.
SBM Offshore announces it has completed the project financing of FPSO Jaguar for a total of US$1.5 billion.
The project financing was fully secured by a consortium of 16 international financial institutions. SBM expects to draw the loan phased over the construction period of the FPSO. The project loan is in line with the duration of the construction phase.
Several other hedge funds also recently made changes to their positions in the business. Perritt Capital Management Inc purchased a new stake in Epsilon Energy during the second quarter valued at about $109,000.