The Church of England is divesting from fossil fuels in its multibillion pound endowment and pension funds over climate concerns and what the church claims are recent U-turns by oil and gas companies.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, declared yesterday, that the Petroleum Industry Act 2021 established a clear distinction between upstream and midstream operations in the oil and gas sector in the country.
The Nigerian government and the United States of America on Monday expressed their willingness to strengthen partnership in Nigeria’s energy sector.
The Public Interest and Accountability (PIAC) has dismissed the perception that foreign oil-producing companies are shunning investments in Ghana because of the energy transition policies by their respective governments.
Their hand weakened by slumping crude output, Africa’s OPEC members were strong-armed into accepting lower quotas when the bloc and its allies last convened in Vienna, but say they are prepared to fight for their market share within the Saudi-dominated group.
SBM Offshore has signed the project financing of FPSO Alexandre de Gusmão for a total of US$1.615 billion.
Kalyon Insaat has been awarded a $546 million contract to construct a 188.46-mile (303.3 kms) gas pipeline in Romania.
The Australian energy giant Woodside is spending $7bn to drill for 479m barrels-worth of oil and gas off the coast of Mexico, but it says this is all in line with keeping global heating to 1.5C.
Cyprus hopes during talks which start next month, to develop plans for a pipeline linking it to Israel’s east Mediterranean gas fields, the island’s top energy official told Reuters.
The Texas upstream oil and gas sector added a record number of jobs in May, boosting employment to the highest since early 2020, as producers find success luring more workers back to the field.