Within the last few months, there’s been both good and bad news for South Africa’s oil and gas industry.
I’ll start with some good news: Shell, the UK-based giant, is optimistic that the vast hydrocarbon reserves discovered offshore Namibia extend into South Africa’s offshore zone. The company is so optimistic, in fact, that it asked the government earlier this summer for permission to bid on exploration rights for the Northern Cape Ultra Deep (NCUD) block in the Orange Basin.
The Ghana National Gas Company Limited (Ghana Gas) has announced plans to shut down its Gas Processing Plant (GPP) and offshore Gas Export Facilities for maintenance works.
Ivory Coast’s council of ministers on Thursday approved the signing of production-sharing agreements with Eni relating to four oil blocks.
Genser Energy, a Ghanaian-owned independent power producer, recently hosted engineering students from Kwame Nkrumah University of Science and Technology (KNUST) and the University of Mines and Technology (UMaT) at its Anwomaso Branch and Metering Station (ABMS) in Kumasi.
The news agency Reuters has seen something the rest of us haven’t: Internal Mexican government estimates of that country’s future oil production which paint a gloomy picture of rapid decline after 2030. Is this admission just the tip of the iceberg?
OIL and gas (O&G) remains a cornerstone of the nation’s economy, generating up to RM300 billion in annual revenue.
UK is among a group of five richer nations which have together issued two-thirds of oil and gas licenses since 2020, according to the IISD
Oil and gas exploration worldwide has surged to the highest level in five years, despite hundreds of nations agreeing to “transition away” from fossil fuels in energy systems at last year’s UN Climate Summit.
Venezuela on Wednesday granted a 20-year license to British energy producer BP and state-owned National Gas Company of Trinidad and Tobago (NGC) to develop the Venezuelan side of a natural gas field that extends into the Caribbean country’s waters.
ExxonMobil is planning a new drilling campaign in Guyana’s Stabroek block and has filed a project summary with Guyana’s Environmental Protection Agency for the Hammerhead development project
Following the results of ongoing drilling campaigns, oil and gas major ExxonMobil could invest as much as $15 billion in Angola’s Namibe basin by 2030. Active in the country for 30 years, the company is developing a series of large-scale oil and gas projects while implementing initiatives to maximize output at producing fields.