The West Africa oil and gas market is demonstrating strong growth potential, driven by global energy demand and rich reserves in the region, the 2025 West Africa Oil and Gas Outlook by Deloitte has revealed. According to the report, the West African oil and gas market represents a Compound Annual Growth Rate (CAGR) of 6.5% […]
The taskforce is defined in the statement as “a new leadership group designed to ensure that the energy transition delivers for the Northeast of Scotland – securing good local jobs, investment, and opportunity as Britain moves to clean power”.
A consortium between the State Oil Company of the Azerbaijan Republic (SOCAR) and Saipem SpA has won contracts for a $2.9-billion compression project in the BP PLC-operated Shah Deniz field on Azerbaijan’s side of the Caspian Sea, BP and Saipem said. The compression project will access low-pressure gas and enable the production of an additional […]
The UK slapped sanctions on Russia’s biggest oil producers and two Chinese energy firms that deal with Moscow as London seeks to intensify pressure on the Kremlin over the war in Ukraine.
Monumental Energy Corp said Wednesday it has agreed to fund New Zealand Energy Corp’s (NZEC) share of workover costs to restart flows at several wells in the Waihapa/Ngaere field in the onshore Taranaki basin.
Despite a drop in oil price of $10 per barrel year-on-year, the results and cash flow from business segments should be flat to 5% higher thanks to accretive hydrocarbon production growth and improved results of the downstream businesses, the French energy giant said in a trading update on Wednesday.
Norway’s DOF Group has secured long-term charters valued at around USD 200 million from Petrobras for two vessels to be deployed in Brazil, DOF Group announced on Thursday.
Russia is one of the top-three oil exporters in the world, meaning any pressure on its exports should be applied with care to avoid a price shock. Indeed, President Trump’s statement about PM Modi pushed oil benchmarks higher earlier today because of the supply tightening effect such a move by India would have.
Offshore services provider DeepOcean has expanded its operational capabilities across the offshore renewables and oil and gas sectors through a new time charter agreement for the multipurpose support vessel (MPSV) Glomar Supporter.
Ghana’s oil production has been on a steady decline since peaking in 2019, raising serious concerns about the country’s future petroleum revenue and energy sustainability, according to the Head of the Public Interest and Accountability Committee (PIAC) Secretariat, Isaac Dwamena.