Eni today announces the publication of its voluntary sustainability report “Eni for 2023 – A Just Transition,” which traces the progress made over the past year, highlighting the company’s commitment to promoting a just energy transition, aiming for carbon neutrality by 2050.
The Engineering Procurement Construction (EPC) project of Templers energy storage offshore in South Australia, contracted by China Energy Engineering Group’s Shanxi Electric Power Construction Company commenced on Friday, according to the company.
Petrobras’ new chief executive said a basin in Brazil’s Equatorial Margin, an environmentally sensitive offshore prospect seen as the country’s most promising frontier for oil exploration, was a matter of “national interest.”
Schlumberger Ltd. (SLB) and Nigeria National Petroleum Corp. Ltd. (NNPC) have signed a cooperation agreement that commits SLB to helping provide technical services in Nigeria’s upstream oil and gas sector.
Eni SPA has finalized its share repurchase program for 2024, earmarking EUR 1.6 billion ($1.7 billion) with an option to raise the package to up to EUR 3.5 billion ($3.8 billion).
Angola plans to maintain oil production at 1.1 million barrels per day (bpd) until 2027, thereafter increasing output to over 2 million bpd to stimulate economic growth. As the linchpin of the economy, Angola’s oil and gas industry has seen aggressive reform since 2017, with the government’s continuous competitive focus guaranteeing attractive fiscal and contractual terms for investors. As such, the African Energy Chamber (AEC) is calling on global E&P companies and technology providers to invest in Angola, as one of Africa’s largest producers and a growing regional production hub.
A three-way race is intensifying for the Guyana offshore oilfield business, which is estimated to contain at least 11 billion barrels of oil and gas, including Exxon Mobil and Chevron, the two largest U.S. oil companies, and Hess, an oil exploration company.
Nigeria, once the sought-after beautiful bride by many oil investment suitors, is facing stiff competition from Namibia and Ivory Coast, who are emerging as the hottest destinations for oil majors in 2024.
South Africa’s purchase of the nation’s largest refinery from Shell Plc and BP Plc for a symbolic rand (five US cents) will transfer the environmental liability of the site to the government, according to a local advocacy group.
Tullow Oil has announced a substantial investment of approximately US$90million over the next decade to support Ghana’s efforts in combatting deforestation and reducing carbon emissions.