GOIL UPSTREAM LTD, (GUL) a subsidiary of GOIL PLC has signed a Farm-out and Joint Operating Agreements with Planet One Oil and Gas Limited, a natural resources company for the operation of the Deepwater Cape Three Points (DWCTP) Block
The quest by the federal government to supply uninterrupted gas to the Nigeria-Morocco gas pipeline, a $25 billion project aimed at transporting Nigerian gas to Europe through Morocco, is being threatened by lingering gas supply challenges in the country, BusinessDay’s findings have revealed.
Threat of Houthi attacks is causing exports to Asia to be rerouted via the southern tip of Africa.
il prices fell on Wednesday, pressured by lacklustre economic activity in leading crude importer China, but a first monthly gain since September remained in sight as flaring tensions in the Middle East heightened supply concerns.
The upstream industry hopes 2024 can be a bounce-back year for high-impact oil and gas drilling after a lackluster 2023, with Africa and Latin America likely to spearhead activities
QatarEnergy on Jan. 31 announced $6.2 billion in contract awards for the third phase of development at its offshore Al-Shaheen oil field, the country’s biggest, which will increase production by about 100,000 b/d.
President Bola Tinubu has ordered the Attorney-General of the Federation, Lateef Fagbemi (SAN), Minister of State for Petroleum Resources, Heineken Lokpobiri, and other agencies of government to clear all court cases around the $1.3bn deepwater OPL 245 oil block located in southern Niger Delta.
HOUSTON/CARACAS (Reuters) – A reimposition of U.S. sanctions on Venezuela’s oil and gas sectors would hurt the OPEC country’s ability to collect cash from its oil exports, crimp new energy investments and raise the risks of domestic fuel scarcity, analysts and executives said.
Natural gas estimated at $1 billion and capable of powering millions of households was flared in Nigeria last year, according to BusinessDay findings.
Takoradi, Jan. 30, GNA – The Ghana National Gas Company (GNGC) has spent about 268 million cedis in executing more than 398 projects across the country as part of its Corporate Social Responsibility in the past 10 years.
It has also awarded scholarships and mentored more than 100 students from its catchment area.