The block will help increase ONGC’s total production of oil and natural gas by 11% and 15% respectively; peak production of the field is expected to be around 45,000 barrels of oil per day and over 10 MMSCMD of gas
Globally, the average cost of a liter of gasoline is 1.30 USD. However, these costs vary significantly between countries.
The Central Bank of Libya said Sunday that the country’s oil revenues in 2023 were 111.4 billion Libyan dinars (about 23.3 billion U.S. dollars).
The U.S. government will hold an auction of oil and gas leases in the Gulf of Mexico following several delays due to litigation over the drilling industry’s impact on an endangered species of whale.
ING takes next steps on energy financing after COP28
Phase-out of upstream oil & gas financing by 2040
Aim to triple renewables financing by 2025
ING announced today it is taking the next steps in our energy approach, phasing out the financing of upstream oil and gas activities by 2040 and aiming to triple new financing for renewable energy by 2025. These steps, updating our Terra approach, come after governments at COP28 agreed to transition away from fossil fuels and triple renewable energy capacity.
ING said it will phase out upstream oil and gas financing by 2040 and triple renewables financing by 2025, responding to the pact to pivot away from fossil fuels at COP28 last week.
The Ghana Revenue Authority (GRA) has assured that its risk-reward contract with the Strategic Mobilisation Limited (SML) will bring efficiency in the country’s revenue assurances and services.
Angola is moving to curb greenhouse gas emissions from its oil and gas industry, under a new cooperation agreement between its state-owned oil company and a French multinational energy firm.
The management of the Strategic Mobilsation Ghana Limited (SML) has said they are aware of heightened efforts by the Cartel in the oil ring whose illegal trade is collapsing and is fighting to undermine the Government’s fight against illegalities in the petroleum sector.
Following his participation in this year’s UN Climate Change Conference (COP 28), in Dubai, the African Refiners and Distributors Association Executive Secretary, Anibor Kragha, says ARDA remains aligned with the key outcomes of COP 28 related to a just, equitable, tailored energy transition process that considers the peculiar energy poverty and development requirements of African countries.