Maputo — Oil and gas companies in Mozambique have invested over 1.8 billion Euros (1.9 billion dollars at the current exchange rate) in hydrocarbon exploration projects since 2006.
BAGHDAD, Aug 22 (Reuters) – Iraq’s oil minister and his Turkish counterpart did not reach an agreement to immediately resume Iraq’s northern oil exports but agreed to hold more talks in the future, said two energy sources with knowledge of the ministers’ meeting in Ankara on Tuesday.
Ivory Coast’s Minister of Mines, Petroleum and Energy, Mamadou Sangafowa Coulibaly, has announced the country’s plans to fast-track the development of gas reserves in Blocks CI-523 and CI-525. The aim of these plans is to strengthen the resilience of the local electricity market through the provision of gas-fired power generation.
The Ghana Gas Senior Staff Association is rejecting a report from the Parliament Committee on Mines and Energy on a gas supply agreement between Ghana National Petroleum Corporation (GNPC) and Genser Energy Ghana Limited.
The U.S. is already on its way to becoming the biggest LNG exporter in the world in terms of capacity. This trend is only going to accelerate in the next four years as the country leads new capacity additions for the superchilled, low-emissions fuel.
Global spending on conventional oil and gas exploration will hit over $50 billion in 2023, according to energy research company Rystad Energy.
The Minister of State, (Oil) Petroleum Resources, Senator Heineken Lokpobiri has assured that Nigeria will witness increase in oil production on a sustainable basis in the nearest future.
The Natural Resource Governance Institute (NRGI), in a study, has recommended that the Ghana National Petroleum Corporation (GNPC) undertakes a comprehensive risk assessment of its assets and put in place mitigation plans to respond to transition risks.
The UK’s oil and gas sector faces the growing prospect of a cash crunch, with the Treasury’s latest attempts to lure lenders back to the North Sea this week likely to fall on deaf ears, City A.M. understands.
Even with the share of renewables in electricity production rising continuously over the past years, oil remains the world’s most important energy source when factoring in transport and heating.