The vice-president of Guyana, Bharrat Jagdeo, has declared that his country is committed to building stronger ties with Ghana, especially in the hydrocarbons sector, for the mutual benefit of the two peoples of Ghana and Guyana.
The Auditor General has disclosed that the failure to impose penalties on oil companies for delayed payment of surface rental has resulted in a loss of more than $8.3 million in revenue.
Tullow to Sell Guyana Offshore Block Stake to Eco Atlantic for $700,000 and Potential Future Payouts
Oil company Tullow Oil agreed to sell its total interest in Tullow Guyana, which includes the Orinduik license (Tullow 60% operated equity) in Guyana to Eco Atlantic’s subsidiary Eco Guyana Oil and Gas (Barbados) Limited in exchange for a combination of upfront cash and contingent consideration.
Nigeria’s oil production in the month of July 2023 fell by 13.6 percent to an average of 1.08 million barrels per day compared to 1.25mbpd recorded in June, latest production data from the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has indicated.
Kazakhstan has announced a plan to find new operators for five oil and gas fields and six exploration blocks in the Aktyubinsk, Mangistau, West Kazakhstan and Atyrau regions, in an online auction on 20 October.
The Nigerian Upstream Petroleum Regulatory Commission has said it is embracing and adopting new technologies and advance recovery techniques to unlock some identified stranded or bypassed oil and gas resources in Nigeria.
GEORGETOWN, Aug 10 (Reuters) – Guyana’s parliament on Thursday passed long-awaited oil legislation that grants the natural resources minister extensive power over its multi-billion-dollar oil industry.
Equatorial Guinea, a small West African nation, has been making strides in recent years to develop its energy market. With vast reserves of oil and natural gas, the country has become a significant player in the global energy landscape. However, as the world moves towards a more sustainable future, Equatorial Guinea must also adapt and explore the potential of energy efficiency in its energy market.
YENAGOA, Aug 9 (Reuters) – Nigeria LNG on Wednesday said the force majeure it declared in October due to widespread flooding that disrupted supply is continuing.
The global oil & gas industry experienced a 1% rise in patent filings in Q2 2023 compared with the previous quarter.