While Hurricane Francine spared southeast Texas by staying far enough away from the Houston area, the storm thrashed coastal Louisiana as a Category 2 event. That has led to impacts of another kind for the Gulf Coast: a disrupted oil-and-gas industry.
Nigeria, often referred to as the “Giant of Africa,” is a country rich in natural resources, particularly in crude
oil. Yet, for decades, Nigerians, including this writer, have watched as their nation has struggled with refining
its crude, depending on costly imports to meet its domestic fuel needs. In a country with one of the largest oil
reserves in the world, it is ironic that fuel scarcity and high pump prices have become the norm. Enter the
Dangote Refinery, an ambitious mega-project that promises to change the game for Nigeria’s energy sector
and the economy at large.
Co-chair of the Ghana Extractive Industry Transparency Initiative (GHEITI), Dr Steve Manteaw has stated that Ghana’s oil industry may be affected badly if successive governments fail to attract more investors.
The global supply-demand dynamics for liquefied natural gas (LNG) is expected to remain tight until 2028, amid a delay in LNG projects and declining natural gas production, said oil and gas specialist Lambert Energy Advisory (LEA).
The demand for NVIDIA’s NVDA graphic processing units (GPUs) has surged significantly, positioning it as a leading player in the artificial intelligence (AI) revolution and one of the world’s most valuable companies. NVIDIA’s GPU-accelerated computing is transforming various industries, including oil and gas, by expediting complex calculations and enhancing data analysis. This technology improves seismic imaging, reservoir simulations and real-time data analysis, all of which are essential for locating oil and gas reserves more quickly and accurately.
The United States is producing more oil and natural gas today than ever before, and far more than any other country. So, what roles did the Trump-Pence and Biden-Harris administrations play in this surge?
Tecnimont (MAIRE Group) has entrusted Tenaris with the supply of more than 24,500 tons of seamless pipes for a major gas project located in North Africa, designed to bolster energy security in Europe.
SBM Offshore NV has two massive oil vessels heading to Brazil and is waiting on Petrobras to offer tenders for similar units to help accelerate growth in what is already Latin America’s biggest producing country.
Global oil demand growth continues to decelerate, with first-half 2024 gains of 800,000 b/d year-over-year (y-o-y) being the lowest since 2020, according to the International Energy Agency (IEA)’s September issue Oil Market Monthly Report.
The Public Interest and Accountability Committee (PIAC) has engaged representatives from its 13- Constituent Bodies to discuss how to strengthen efforts to deepen public accountability in the management and use of the country’s petroleum revenues at its Annual General Assembly (AGA) in Accra.