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.
The booming oil production in Texas is leaving behind thousands of oil wells that are no longer active.
Leaked documents and extensive interviews with sources have unveiled how Africa’s biggest oil-producing country has been importing substandard petroleum products from Malta, a country with no known oil refineries.
The Alliance For Change (AFC) on Saturday night announced that it would be unveiling its oil and gas policy, as that party gears up its 2025 general election campaign.