Turkey is set to dispatch its research vessel, the Oruc Reis, to oil blocks offshore Somalia next month, in a strategic move to diversify its crude supply and strengthen its energy security, reported Bloomberg.
Africa Oil Corp. has recorded $0.4 million in net income attributable to common shareholders, well below the $106.9 million reported for the second quarter of 2023.
This report on the petroleum industry in South Africa includes comprehensive information on supply, refining, crude oil storage reserves, and the distribution and retail of petroleum products, including lubricants, LPG, LNG and biofuels. There is information on the size of the industry in terms of production and consumption, pipeline transportation, wholesale and retail, and the state of the industry, including the effect of refinery closures, pricing and policy, new projects, divestment and government’s plans to revive the industry.
Africa Oil Corp. has announced the acquisition of additional shares in Impact Oil & Gas Limited, bolstering its stake to 32.4% with a purchase of 25,652,039 shares for approximately USD 18.6 million.
In a move set to strengthen bilateral cooperation in West Africa, Equatorial Guinea and Nigeria have signed an agreement for the construction of the Gulf of Guinea Gas Pipeline Project. A joint regional pipeline development, the project will transport gas from Nigeria to Equatorial Guinea. Under the terms of the deal, gas will be processed at Equatorial Guinea’s LNG processing facilities at Punta Europa on Bioko Island – owned by the state-owned EG LNG – signaling new opportunities for energy security on the back of bilateral collaboration.
Expected to launch 17 oil and gas projects during the period 2023-2027, Ghana is bolstering its oil and gas industry through new deepwater drilling campaigns and a $60-billion petroleum hub project. Recently-appointed Ghana National Petroleum Corporation (GNPC) CEO Joseph A. Dadzie will speak on the country’s efforts to drive production increases, grow domestic refining capacity and build a diversified national energy economy at African Energy Week: Invest in African Energy 2024 in Cape Town this November.
The President, Akufo-Addo has cut the sod for work to begin on the first phase of the multi-billion-dollar Petroleum Hub Development Project at Nawole in the Jomoro District of the Western Region. The project comprises refineries, petrochemical plants and port infrastructure.
Allstream Energy Partners is pleased to announce the launch of its comprehensive set of industry calendars, including the Upstream Calendar, Midstream Calendar, Downstream Calendar, and Renewables Calendar. These calendars serve as an essential resource for professionals in the energy sector, providing a free lookahead for key industry events across the country.
The American international oil and gas company Hess Corporation (Hess) is looking for partner(s) for Block 59 in offshore Suriname. Hess is now the only party in the block after ExxonMobil (USA) and Equinor (Norway) transferred their respective interests to it in July 2024.
One of the North Sea’s biggest gas producers is threatening to end investment in Britain because the tax regime has become too unstable to support offshore energy producers.