A critical period approaches for new global upstream hotspot Namibia. Starting next month, a string of high-impact exploration wells will be drilled in the deepwater Orange Basin, home to multiple major discoveries. The wells will shape future oil and gas activities in the emerging region, a key area for near-term development in West Africa.
Oil is fast losing its lustre as gas rises to the top of the hydrocarbon investment agenda in Africa. With estimates that $130-billion in hydrocarbon investments will flow to sub-Saharan Africa between now and 2030 with gas taking a rising share, South Africa risks losing out on the bonanza.
Like many nations worldwide, Ghana increasingly recognises the urgent need to shift from traditional fossil fuels to renewable energy sources. With the growing global climate crisis and rising energy demands, the call for renewable energy investments is no longer just a policy option—it’s a necessity. For a country like Ghana, poised to become a leading economic hub in West Africa, transitioning to renewable energy is not just
essential but a matter of immediate action for environmental sustainability and long-term economic growth.
The Minister of State at the Ministry of Energy, Herbert Krapa, has called on global investors in the oil and gas industry to take advantage of the safe investment regime, robust democracy, and stable and peaceful atmosphere in Ghana and invest in the country.
The National Petroleum Authority (NPA) has announced that the Atuabo Gas Processing Plant, which experienced a power-related issue that temporarily halted LPG production, is set to return to full
operational capacity by October 15.
The Cypre gasfield is BP’s next major offshore gas development in Trinidad and Tobago. It will add up to 8.5 mcm (300 mcf) of daily production and bolster the contributions of the Corallita and Lantana fields to the domestic gas market.
Indian refiners are expecting tankers of Venezuelan crude from Vitol, media reported on Tuesday, after Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals (MRPL) purchased 2 million barrels of Venezuelan crude for November delivery. This is part of a broader trend, as India continues to increase imports from Venezuela after the U.S. Treasury allowed transactions under specific conditions despite ongoing sanctions targeting President Nicolas Maduro’s regime.
Baker Hughes has secured its largest-ever order for Integrated Compressor Line (ICL) technology with the purchase of 10 units by Dubai Petroleum Establishment on behalf of the Dubai Supply Authority, Baker Hughes announced on Tuesday.
In a significant move to boost the United Arab Emirates’ unconventional oil and gas sector, SLB (NYSE: SLB) has announced the formation of a new joint venture, Turnwell Industries LLC OPC (Turnwell), in partnership with ADNOC Drilling Company and Patterson-UTI.
The transaction establishes Equinor as the second largest shareholder in Ørsted, after the Danish State, which holds a controlling stake in the company.