The approval of the takeover of Aker Energy by the African Finance Corporation in Ghana has been described as one of the significant major acquisitions in the oil and gas sector during the first-half of 2023, the African Energy Chamber has disclosed.
DESPITE Nigeria’s dwindling revenue, oil and gas companies operating in the country flared 12.7 million standard cubic feet (mscf) of gas in July 2023, according to the latest data from the National Oil Spill Detection and Response Agency (NOSDRA).
Oil production in Nigeria slumped by 15.5% in July from June, marking the third month-on-month decline since April, according to data from the local upstream regulator.
The Bulk Oil Storage and Transportation (BOST) has said it will continue to explore new markets within West Africa for petroleum products while preparing to transition from a purely oil and gas company to a full energy company.
Apache Corp, the independent hydrocarbon exploration and production subsidiary of US-based APA Corp, plans to invest about $1.4 billion in Egypt in 2024, local media reported.
For the first time ever, U.S. oil and gas firms spent more of their revenues on dividends and share buybacks than on exploration and production in new wells in 2022, a new study by E&Y showed on Tuesday.
The Natural Resource Governance Institute (NRGI), in a study, has recommended that the Ghana National Petroleum Corporation (GNPC) undertakes a comprehensive risk assessment of its assets and put in place mitigation plans to respond to transition risks.
Maputo — Oil and gas companies in Mozambique have invested over 1.8 billion Euros (1.9 billion dollars at the current exchange rate) in hydrocarbon exploration projects since 2006.
BAGHDAD, Aug 22 (Reuters) – Iraq’s oil minister and his Turkish counterpart did not reach an agreement to immediately resume Iraq’s northern oil exports but agreed to hold more talks in the future, said two energy sources with knowledge of the ministers’ meeting in Ankara on Tuesday.
Ivory Coast’s Minister of Mines, Petroleum and Energy, Mamadou Sangafowa Coulibaly, has announced the country’s plans to fast-track the development of gas reserves in Blocks CI-523 and CI-525. The aim of these plans is to strengthen the resilience of the local electricity market through the provision of gas-fired power generation.