Tetracore Gas Ghana Limited, a subsidiary of Nigeria-based Tetracore Energy Group Limited, has officially commissioned a US$15 million Compressed Natural Gas (CNG) facility in the Kpone Industrial Area of Ghana.
The Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, has described recent developments in Ghana’s energy sector as transformational, following the signing of major gas supply agreements aimed at boosting production, lowering prices and stabilising energy supply.
The Ghana government says it is targeting an additional 10,000 barrels of crude oil per day, this year, as part of broader reforms to revive the country’s petroleum and energy sectors, Mr John Jinapor, the Minister of Energy and Green Transition, said on Tuesday.
Petrobras and its logistics arm Transpetro have signed new contracts worth about 2.8 billion reais (roughly $520 million) to build a fleet of gas carriers, barges and pushboats, advancing a major domestic shipbuilding push under Brazil’s Mar Aberto (Open Sea) Program.
U.S. oilfield services firm Baker Hughes said it sees a significant revenue opportunity in Venezuela as sanctions constraints ease and payment mechanisms improve, opening the door for expanded activity in the country’s oil sector, according to comments reported by Reuters on Monday.
Venezuela expects fresh oil investments of some $1.4 billion this year, which would be up from $900 million last year, interim president Delcy Rodriguez said, as quoted by Reuters.
Oil edged down as an improving supply outlook out of OPEC+ member Kazakhstan overshadowed fears that a winter storm which pounded swaths of the US with snow, ice and freezing temperatures will crimp production.
Santos Ltd and its partners have shipped the first cargo from the Darwin LNG life extension project in Australia’s Northern Territory.
Canada and India will pledge to expand trade in oil and gas as the countries reboot their relationship after a diplomatic chill.
Kazakhstan’s largest oil producer is preparing to resume output at the giant Tengiz field, a further step to normalize the nation’s supply to global markets after a series of disruptions in recent months.