With COP29 just a few weeks away, The Green Connection, Natural Justice, and Masifundise Development Trust are drawing attention to the widespread opposition of the environmental authorisation granted for offshore oil and gas exploration in Block 3B/4B, off South Africa’s West Coast.
The government of the Democratic Republic of Congo appears to be rejigging a plan to auction off the rights to drill for oil and gas in 30 blocks across the country. On October 11, Congo’s hydrocarbons minister announced he had cancelled the auction of 27 oil blocks, citing late submissions, inappropriate or irregular offers, and a lack of competition. The announcement makes no mention of three gas blocks.
AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) is pleased to announce that the Nigerian Upstream Petroleum Regulatory Commission (“NUPRC”) has given clearance for the amalgamation of Africa Oil Papa Corp., a wholly owned subsidiary of Africa Oil, and BTG Pactual Holding S.à r.l. (“Amalgamation”) in exchange for the issuance of Common Shares in the Company to BTG Pactual Oil & Gas S.à r.l., to effect the consolidation of 100% ownership of Prime Oil & Gas Coöperatief U.A. (“Prime”) in Africa Oil.
The Public Interest and Accountability Committee (PIAC) has called for an urgent need to improve the legal, regulatory and fiscal framework to enhance the country’s investment climate and thereby attract the needed investments in the industry.
The ruling by a Finnish court came after Russia failed to pay €4.6bn in compensation to the Naftogaz Group following its occupation of Crimea in 2014.
An unprecedented amount of resources are flowing into Louisiana to help address abandoned oil and gas wells that present environmental and safety risks throughout the state. But according to a state audit, the money is nowhere near enough to get ahead of the problem, which continues to grow despite progress made in recent years.
The new oil refinery in Cabinda, Angola will now be commencing production by April, as it completes its first phase. According the project owners, the refinery will be commissioned in January-February, with its first supplies of fuels reaching the local market in March-April 2025.
CNOOC Limited has announced that its wholly owned subsidiary, CNOOC Africa Holding, has entered into the Exploration, Development & Production Contract (EDPC) with Midland Oil Company (Md.O.C) for Block 7 in the Republic of Iraq.
The Lubrizol Corporation has named Oil Store as Channel Partner for our refrigeration, including industrial applications, and heat transfer fluid product brands in the U.K., Europe, Middle East and North Africa, expanding upon an already successful channel partner relationship in the U.K.
In a bold step for Ghana’s energy future, Springfield Exploration and Production Limited has initiated a crucial appraisal of the Afina-1x well, aiming to cement its role as a leader in Ghana’s oil sector.