Western countries are trying to cut the amount of Russian oil and gas they import following the invasion of Ukraine in February.
Oil and gas exploration and production (E&P) firms globally could generate combined cash flows of a record $1.4 trillion this year, thanks to high prices in the ongoing readjustment in the energy markets, Deloitte said in a new report on Thursday.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says 17 marginal oil fields are currently producing out of 30 fields awarded since its inception in 1999.
The African Energy Chamber (AEC), the voice of the African energy sector, is honored to announce that Opoku Ahweneeh Danquah, CEO of the Ghana National Petroleum Corporation (GNPC), will be attending and participating as a keynote speaker at this year’s edition of the African Energy Week (AEW) (www.AECWeek.com) conference and exhibition, Africa’s premier event for the oil and gas sector which will take place from 18 – 21 October in Cape Town.
Shell Plc, ExxonMobil Corporation, Chevron Corporation, and Equinor ASA have said they will withdraw their lawsuits of about $3 billion, against the Nigerian National Petroleum Company (NNPC) Limited.
New LNG projects are driven mainly by a short-term increase in natural gas demand in Europe and Asia.
Egypt needs to improve regional stability and energy ties to fully benefit from its hydrocarbon exports
The Caspian Pipeline Consortium said that export disruptions could last more than one month.
Fuel is a key ingredient required to power the economy, and therefore its level of consumption has a direct relationship with how strong an economy is
Global benchmark Brent crude futures fell 21 cents, or 0.2 per cent, to US $100.00. The US West Texas Intermediate crude futures contract was down 10 cents, or 0.1