Stakeholders in the Keta-Vodza coastal community groups have called for a comprehensive environmental impact assessment for the Keta Delta Oil Block and other energy projects.
The assessment should include cumulative impacts on biodiversity, marine ecosystems, and local livelihoods.
The stakeholders demanded that all energy projects, including the Keta Delta Oil Block, adhere to the principles of Free, Prior, and Informed Consent (FPIC) as outlined in the UN Convention.
The Chief Executive Officer of the Chamber of Bulk Oil Distributors, Dr. Patrick Ofori, has raised
concerns about the resumption of Strategic Mobilisation Limited (SML) in the monitoring operations
in Ghana’s Downstream Petroleum.
Indonesia plans to start in July construction of a 245 km (152.24 miles) gas pipeline in Java to connect excess supply in eastern part of the island to buyers in the west, an energy ministry official said on Wednesday 19 June 2024.
The global flexible pipes market size is estimated to grow by USD 173.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 2.8% during the forecast period. Rising investment in upstream oil and gas activity is driving market growth, with a trend towards increased use of carbon composite to increase strength. However, fluctuation in crude oil prices poses a challenge. Key market players include BRUGG GROUP AG, CGH Belgium NV, Changchun Gaoxiang Special Pipe Co. Ltd., Chevron Phillips Chemical Co. LLC, Continental AG, Davis Standard LLC, FlexSteel Pipeline Technologies Inc., General Electric Co., Hebei Heng An Tai Pipeline Co. Ltd., MAGMA GLOBAL Ltd., Mattr Corp., NOV Inc., NV Bekaert SA, Prysmian Spa, Saudi Arabian Amiantit Co., Shandong Saigao Group Corp., Shell plc, Strohm B.V., TechnipFMC plc, and Wienerberger AG.
Fitch Ratings has maintained most of its oil and gas price assumptions, reflecting broadly unchanged market fundamentals.
Our base-case oil price assumptions have not changed. While Brent crude oil prices reached USD90 a barrel in April due to increased tensions in the Middle East, prices declined once the concerns had abated.
American oil major Chevron Corporation has signed agreements with the Angolan government that will allow it to commence exploration at two of its blocks off the Atlantic coast.
TGS will manage and license Tanzania’s offshore subsurface data under an agreement with the country’s Petroleum Upstream Regulatory Authority.
Previous exploration has proven various plays, TGS said, across much of the stratigraphy offshore, from early Cretaceous to Miocene reservoirs.
As oil majors return to offshore exploration, West Africa’s deepwater has become a key drilling target for some of the biggest international companies.
The Supreme Court has ruled a local council should have considered the full climate impact of burning oil from new wells – a landmark decision which could put future UK oil and gas projects in question.
The IEA predicts a future oil supply glut due to electric vehicles and rising non-OPEC+ production.
Past predictions of oil decline have been inaccurate, such as Bloomberg’s forecast of a crash in 2023.
The IEA’s current prediction relies on assumptions that may not hold true.