Petroleum firm, Quantum, Sage and Arch Holdings Limited, has vehemently denied claims that it is a foreign-owned entity.
An oil production breakthrough that producers say can safely tap ultra-high pressure fields could put up to 5 billion barrels of previously inaccessible crude into production, analysts said.
Dominion Energy announced Wednesday that they secured a second lease in Virginia beach of 176,505 acres.
Equinor has been announced as a provisional winner in the Bureau of Ocean Energy Management’s (BOEM) offshore wind energy lease auction in the U.S. Central Atlantic region. The 2 GW lease will have the capacity to produce enough energy to power approximately 900 000 US homes.
Royal Boskalis saw a 5% increase in revenue for the first half of the year, reaching EUR 2.07 billion, up from EUR 1.97 billion in the same period last year. EBITDA surged by nearly 50% to EUR 553 million, compared to EUR 370 million in the first half of 2023.
The total estimate of recoverable oil and gas in Guyana rose to 11.6 billion barrels, Natural Resources Minister Vickram Bharrat said on Wednesday.
Ten months after Guyana’s first ever bid round yielded six companies for eight offshore oil blocks, government on Wednesday announced that negotiations have concluded and the companies were poised to sign the production sharing agreements (PSAs) and pay the signature bonuses.
Angola’s largest private oil company, Etu Energias, will hold an IPO in 2026, the company’s CEO Edson R. dos Santos stated last Wednesday.
The new licensing round is intended to attract investors into the Liberia hydrocarbon industry and boost investment in the sector.
WorldStage Newsonline– President Bola Tinubu has arrived Malabo, the capital of Equatorial Guinea, for a three-day official visit, which will include signing of petroleum resources, security agreement.