Muanda International Oil Company (MIOC), Perenco’s offshore DRC subsidiary, has made an oil discovery during its drilling campaign off the coast of the Democratic Republic of Congo (DRC), which is said to be the first offshore exploration success in the African country in nearly three decades.
Guyana has turned into a significant contributor to global crude oil supply growth in just a few short years.
Players in the Oil and Gas Industry say Artificial intelligence (AI), has the potential to revolutionise Africa’s oil and gas sector by driving innovation across various aspects of the industry.
John Mahama, the flagbearer of the National Democratic Congress (NDC), has vowed to revitalize the Tema Oil Refinery (TOR) if he is elected president in the upcoming December 7, 2024, general elections.
Crude oil production in Ghana declined for the fourth consecutive year in 2023.
The 2023 Annual Report of the Public Interest and Accountability Committee (PIAC) Report on the use and management of oil revenues launched in Accra yesterday states that Ghana’s share of petroleum revenues for 2023 declined by a 25.65 per cent due to decrease in oil production for the fourth conservative year and lower global prices.
Australia’s federal resources minister Madeleine King acknowledges the political situation in the nation’s upper house of parliament the Senate prevents any deal to clarify consultation requirements for the nation’s offshore oil, gas, carbon capture and storage (CCS) and renewables sectors.
Oil prices fell in early Asian trade on Tuesday, with investors anticipating higher-for-longer U.S. inflation and interest rates will depress consumer and industrial demand.
President Vladimir Putin said on Monday that Russian gas output rose by 8% in the first four months of the year to 246.4 bcm.
Canada’s Trans Mountain pipeline expansion is now operational, boosting oil transportation capacity and enabling record-breaking oil production.
Canada’s LNG Canada liquified natural gas export facility nears completion, targeting global markets and reducing exports to the United States.
Canada’s energy industry expansion aims to gain strategic economic ground on a global scale, while maintaining close trade relations with the United States.