The oil and gas industry is at a crossroads. With the impacts of climate change becoming more severe every year, it’s clear that fossil fuel consumption must decline to prevent global warming from crossing a dangerous threshold.
Angola’s Ambassador and Permanent Representative to the United Nations Human Settlements Program (UN-Habitat), Sianga Abílio, has expressed the country’s interest in attracting Greek investors to its market.
ABUJA, June 12 (Reuters) – Nigerian President Bola Tinubu has been advised to reduce the state’s stake in the oil and gas sector to raise up to $17 billion to boost economic growth during his four-year term, a policy document showed.
Saudi Aramco, the world’s largest crude oil exporter, has assured at least five North Asian refiners they would get the full crude volumes they had asked for in July, even after the production cut Saudi Arabia announced last week, sources familiar with the plans told Reuters on Monday.
For nearly two decades, South America’s largest economy Brazil has been reaping a tremendous economic windfall from a massive oil boom that kicked off with the first offshore ultra deep-water pre-salt discovery in 2006.
Kurdistan’s oil export is yet to resume through the Turkish pipeline, 75 days after it was blocked following the ICC’s arbitration court’s decision issued on March 23, 2023, only two days after Kurdish New Year holidays known as Nawroz.
The Overlord of Dagbon, Ya Naa Abukari Mahama II is upbeat about the massive facelift the Northern Region is about to witness as the Ghana National Petroleum Corporation (GNPC) inches closer to drilling an oil and gas exploration well in the Voltaian Basin next year.
The GOIL Company PLC, registered a net profit after tax of GHC123.89 million in 2022, up by 26% compared to the previous year, Reginald Daniel Laryea, chairman of the GOIL board of directors, has announced.
Nigeria produced the most crude oil, followed by Algeria and Angola. Nigeria, Angola, and Algeria have three of the ten largest crude oil fields in Africa in terms of production in 2022.
Angola is China’s second-largest trading partner in Africa, with bilateral trade surpassing 27 billion US dollars in 2022.