The Ghana National Gas Company (GNGC) on Friday signed a Project Implementation Agreement with its joint venture partners to construct a second Gas Processing Plant (GPP Train 2) at an estimated cost of US$700 million.
The 2022 energy crisis produced higher prices and policy changes that encouraged investment in the oil and gas sector again.
Oil prices plunged to more than three-week lows on Friday. This came after a strong jobs data from the United States triggered concerns about rising interest rates, even as investors sought more information on the EU embargo against Russian refined products.
Saudi Aramco expects to award contracts for some 90 projects over the next three years as it presses ahead with major expansions of its upstream oil and gas capacity
Oil prices eased on Friday, with major benchmarks headed for their second straight week of losses, as the market awaited further signs of fuel demand recovery in China to offset looming slumps in other major economies.
The Chief Executive Officer of the Petroleum Commission , Egbert Faibille Jnr. has stated that the unitization of Springfield and ENI Sankofa fields has been declared.
The UK North Sea Transition Authority (NSTA) has received 115 bids in the 33rd oil and gas licensing round from a total of 76 companies.
The world’s oil and gas companies enjoyed record-breaking profits in 2022, as energy prices soared for consumers and climate change catastrophes dotted the globe.
PERTH (miningweekly.com) – New data by advisory firm Wood Mackenzie (WoodMac) has shown that 2022 was the strongest year in more than a decade for global oil and gas exploration, led by major discoveries in Namibia, Brazil and Algeria.
The December 2022 US-Africa Leaders Summit hosted by President Biden in Washington highlighted the emerging role of Africa in global affairs, including in the competition with China and Russia. In his address to the Summit, President Biden endorsed the proposal for the African Union to join the G20 and pledged $55 billion in financing and investment over three years.