Nigeria will launch its 2025 oil licensing round on December 1, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced. The regulator said the new cycle aims to attract private investment and revive the country’s oil and gas output.
It is not an exaggeration to say that South Africa’s offshore gas discoveries offer up a potential economic transformation for the country that would be on par with Guyana’s oil-driven boom or Suriname’s emerging energy sector.
The government plans to amend the Petroleum Revenue Management Act (PRMA), 2011 (Act 815), to access portions of the Ghana Heritage Fund (GHF) and the Ghana Stabilisation Fund (GSF), ostensibly to finance green investment and related initiatives, a senior source close to the Finance Ministry has disclosed.
The Minister for Energy and Green Transition, John Abdulai Jinapor, has paid a working visit to the Ghana National Petroleum Corporation (GNPC) and its subsidiary, GNPC Explorco, as part of his ongoing tour of agencies under the Ministry.
The Minister for Finance, Dr Cassiel Ato Forson, has presented the 2026 Budget Statement and Economic Policy with a candid assessment of the nation’s petroleum sector, highlighting a significant slump in 2025 and outlining an ambitious reform to ensure oil wealth benefits domestic development
This initiative will utilize domestic coal. Projects are expected to commence in FY27. The synthetic gas will power NTPC’s plants and be sold externally. This move supports India’s goal to reduce LNG imports and enhance energy security.
Global energy technology company SLB (NYSE: SLB) announced today the award of two sizeable engineering, procurement, and construction (EPC) contracts by PTT Exploration and Production Public Company Limited (PTTEP) to its OneSubsea™ joint venture. The contracts build on a 20-year collaboration between the two companies and cover the expansion of two fields offshore Malaysia. As […]
MODEC Inc said Tuesday it is combining its wholly owned companies MODEC America Inc and SOFEC Inc to create an integrated mooring solutions business. “SOFEC will be fully integrated into the MODEC Group by becoming the new Mooring Solutions Business Unit”, Tokyo-based MODEC said in a statement on its website. “Importantly, the new Mooring Solutions […]
Global oil and gas demand could grow until 2050, the International Energy Agency said today, departing from its previous expectations of a speedy transition to cleaner fuels and predicting that the world will likely fail to achieve climate goals.
In an opinion piece for The Guardian Fiona Harvey and Matthew Taylor wrote that it was time for gas exploration in Africa to stop.
Image: Africa Oil Corp.
“Africa must embrace renewable energy and forgo exploration of its potentially lucrative gas deposits to stave off climate disaster and bring access to clean energy to the hundreds of millions who lack it, leading experts on the continent have said,” they wrote.