New LNG projects are driven mainly by a short-term increase in natural gas demand in Europe and Asia.
The Caspian Pipeline Consortium said that export disruptions could last more than one month.
Fuel is a key ingredient required to power the economy, and therefore its level of consumption has a direct relationship with how strong an economy is
Global benchmark Brent crude futures fell 21 cents, or 0.2 per cent, to US $100.00. The US West Texas Intermediate crude futures contract was down 10 cents, or 0.1
Kenya’s petroleum industry is owed more today than ever, with the outstanding bill at 65 billion Kenyan shillings ($542 million), the Petroleum Outlets Association of Kenya (POAK) said in a tweet.
The number of total active drilling rigs in the United States fell by 1 again this week, according to new data from Baker Hughes published on Friday. It is the third decline in as many weeks.
Companies plan to drill 33 high-impact wells in 2022, the largest annual number since Rystad Energy started tracking the sector in 2015
U.S. oil and gas firms generated $73.7 billion in profits in 2021.
Despite higher oil prices and profits, companies have been careful with capital expenditure.
Nigeria has launched new terms and conditions for six offshore PSCs in a race to drive up production as the global energy transition moves forward
Opoku-Ahweneeh Danquah said that there are inherent challenges in Ghana’s oil and gas sector which requires the immediate attention of all stakeholders