Out of it, $544.61 million was realised from crude oil liftings in the first five months of 2022
As more shippers and insurers turn away from handling Russian oil after its invasion of Ukraine, the remaining tankers still willing to handle such sensitive deals are able to charge higher prices.
extreme wildfires are raging across France, Spain, Portugal, Greece, Turkey and a dozen US states.
Italian oil and gas firm Eni signed a new Production Sharing Contract (PSC) agreement with SONATRACH, Oxy and TotalEnergies for oil blocks 404 and 208 in Algeria.
As the world gears up to avoid a climate catastrophe by limiting global warming to 1.5 to 2 degrees Celsius, more countries are putting carbon pricing at the center of their mitigation strategies.
European governments are scouring the world for natural gas as they seek to reduce their overwhelming and increasingly uncomfortable dependence on Russia’s Gazprom.
A Commercial High Court sitting in Accra, has granted a motion for an interlocutory injunction restraining the government of Ghana from making further monthly payments to Eni Exploration and Production Ghana Limited and its Partner, Vitol Upstream Ghana Limited for gas supplied to the state from the Sankofa Field.
At the meeting of heads of NOCs and energy ministers of member-countries of the African Petroleum Producers’ Organisation (APPO) in Nigeria (Abuja), the CEO of GNPC said the energy transition is inevitable, but even the most developed countries still rely heavily on fossil fuels and are rethinking the pace at which the transition should take place.
For a moment last week, it seemed that Libya might be snapping back into some version of itself more approaching normalcy than has been evident for some time.
Despite a drastic shortage of energy in Europe, oil and gas firms are reluctant to invest in oil and gas operations in the North Sea.