The oil and gas sector has emerged as a vital pillar of Ghana’s economy, wielding significant influence over its growth trajectory and development.
As the clock keeps ticking away, the legal battle that may decide the fate of two of the largest undeveloped oil and gas fields off the coast of the United Kingdom (UK) is fast approaching with less than three weeks left until the set date. The operators of these projects, Britain’s Shell and Norway’s Equinor, have a court fight on their hands, which is further complicated by two factors: the government’s decision to drop their legal defense of the two North Sea developments and a recent court ruling, which brings emissions created when the oil is burned into play.
Norway produced 241.3 million cubic meters (8.5 billion cubic feet) per day of natural gas in September, 30.9 percent lower than the prior month but 19.9 percent higher than the same period last year, official data has shown.
Sintana Energy Inc. (TSX-V: SEI, OTCQB: SEUSF) (“Sintana” or the “Company”) is pleased to provide the following update regarding a second exploration and appraisal campaign on blocks 2813A and 2814B located in the heart of Namibia’s Orange Basin, emerging as one of the world’s most prospective oil and gas regions.
South Sudan will resume pumping crude oil for export through a port in neighbouring Sudan within a few days, a South Sudanese government official told Reuters on Thursday, following repairs to a key pipeline ruptured during fighting in Sudan.
War broke out between Sudan’s army (SAF) and the paramilitary Rapid Support Forces (RSF) in April last year, forcing millions to leave their homes and causing a famine.
Some people forget just how far and wide the Permian Basin’s reputation goes when it comes to all things oil and gas.
The Public Interest and Accountability Committee (PIAC) has highlighted that the most immediate consequence of declining oil production is a reduction in revenue from oil and gas.
Springfield E&P, a wholly Ghanaian company and major player in the oil and gas industry, says work has commenced on the appraisal of its Afina field to test the flow of oil in the reservoir and obtain the well productivity data.
The Africa Centre for Energy Policy (ACEP) has explained that its positions on Springfield Afina drilling appraisal are not intended to harm Springfield but highlight issues of national interest, which have been undermined by recent governance failures.
The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has rejected the proposed $1.3 billion sale of onshore oilfields to the Renaissance Group, citing the buyer’s lack of qualification to manage the assets, according to a Reuters report.