about 400,000 barrels per day, bpd, shortfall against the 1.88 mbpd, output benchmark in the 2022 budget.
North Sea-focused independent E&P company Waldorf Production has inked a deal to buy the entire share capital of Alpha Petroleum, an upstream oil and gas company focusing on the UK North Sea, from Shorelight Partners.
Norway’s energy ministry has approved three development projects to increase gas output on the Norwegian Continental Shelf
Germany is in negotiations with some of the world’s top liquefied natural gas suppliers
Brent crude futures for September had fallen US$1.81 to US$105.29 a barrel by 0633 GMT, while U.S. West Texas Intermediate crude for August delivery was at US$102.14 a barrel
The Ghana Chamber of Bulk Oil Distributors has announced the appointment of Dr. Patrick Kwaku Ofori as its new Chief Executive Officer
Having been thrust to the front lines of a climate crisis we did not cause, Africans have long urged rich countries to wean themselves off fossil fuels and slash their greenhouse-gas emissions
Driven by fears that Russia may cut supply to Europe, the EU imported more LNG from the U.S. than pipeline gas from Russia for the first time ever
The narrative that the world will be able to quickly and effectively move away from fossil fuels has been majorly undermined this year.
The world consumes approximately 100 million barrels of crude oil per day or 36.5 billion barrels per annum