Repsol has secured a licence from the US Treasury Department to continue and expand its oil and gas operations in Venezuela, Reuters reported, citing sources.
Belgium has approved new quality controls set to suspend the export of cheap, low-quality motor fuels from its ports to West Africa, the government confirmed May 23, in a move that could shift trade flows to alternative supply hubs.
Oil and gas supermajor TotalEnergies has announced that it will invest $600 million to strengthen exploration and production activities in the Republic of Congo in 2024. The investment will be used to finance exploration and maintain production in the country’s deep offshore Moho Nord field, which accounts for approximately half of all Congolese oil production, or roughly 140,000 bpd.
Algeria’s Minister of Energy and Mines, Mohamed Arkab, and the CEO of Italy-based Edison Nicola Monti discussed partnership and avenues for cooperation in the energy and utilities sectors.
The Public Interest Accountability Committee (PIAC) has revealed that the Carried Participating Interest
(CAPI) dominated the revenue earnings for Ghana in 2023.
The Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Joseph Abuabu Dadzie, has downplayed the significance of a recent report by the Public Interest and Accountability Committee (PIAC) that revealed a decline in Ghana’s crude oil production.
Tullow has formalised a strategic partnership with the Ghana Forestry Commission to implement a high-integrity, jurisdictional-based Reduced Emissions from Deforestation and Degradation (REDD+) programme.
The Ministry of Lands and Natural Resources and the Forestry Commission have signed a historic Emissions Reductions Purchase Agreement (ERPA) with Tullow, marking a significant milestone in Ghana’s efforts to address deforestation and forest degradation.
Oil markets continue to be lackluster compared with the strength displayed by metals and gas markets.
StanChart has predicted that the bearish sentiment coupled with low market volatility are likely to persist until OPEC+ announces its new policy.
Experts have predicted that positive developments by OPEC+ could trigger another oil price rally.
The $100m transaction encompasses around 265 wells.