Independent oil and gas producers remain the backbone of U.S. upstream activity, according to a new study by Rystad Energy commissioned by the American Exploration & Production Council (AXPC). The report underscores the sector’s outsized role in driving production, jobs and government revenue.
Aker BP is taking a major step forward in its digital transformation by expanding the use of Cognite Atlas AI™, deepening its strategic partnership with Cognite to drive an “AI-first” approach in exploration and production.
“Across the nation, we have 2 billion litres worth of projects in the pipeline, many of which are ready to scale up production. A new thriving domestic industry is within our reach,” said Minister for Climate Change and Energy Chris Bowen.
The CEO of Ghana National Petroleum Corporation (GNPC), Kwame Ntow Amoah, has been appointed Chairman of the African Petroleum Producers’ Organisation (APPO), marking a significant milestone for Ghana’s leadership in the continent’s energy sector. The appointment was formalised during a handover ceremony at the 7th APPO National Oil Companies CEOs Meeting in Accra today, where […]
Nigeria’s Midstream and Downstream Gas Infrastructure Fund (MDGIF) and the African Export-Import Bank (Afreximbank) have signed a memorandum of understanding (MoU) for a four-year debt and equity plan of up to $500 million to expand and modernize Nigeria’s natural gas infrastructure.
Global oil trading firm Vitol and US fuel distributor Sunoco have taken delivery of the first petrol cargo imported into the US from Nigeria’s Dangote refinery, Reuters reported on Monday, citing sources familiar with the matter. Vitol is said to have purchased the 320,000-barrel cargo from Geneva-based Mocoh Oil and sold most of it to […]
TotalEnergies SE and its partners have begun construction for the Ratawi field redevelopment project and a seawater supply project in Iraq, the final components of the country’s over $13 billion Gas Growth Integrated Project (GGIP).
Ukraine’s Naftogaz Group said it has so far received 400 million cubic meters (14.13 billion cubic feet) of liquefied natural gas (LNG) from the United States under an agreement with Poland’s ORLEN SA.
GreenIT SpA has signed a new project finance agreement for EUR 370 million ($434.2 million) to support its renewable energy projects. GreenIT, a joint venture between Eni SpA’s Plenitude and CDP Equity, plans to invest the funds in the development of a portfolio of greenfield projects onshore Italy.
The facility will involve a floating production vessel with the capacity to produce some 12 million tons of liquefied natural gas annually. The markets for this LNG will be in the Pacific Basin, per the project’s website, with a focus on Asia, where demand for low-emission fuels is growing.