Year-End 2023 Reserves and Resources, Strong Growth and Value Creation
CALGARY, AB / ACCESSWIRE / February 20, 2024 / Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) (“Valeura” or the “Company”), the upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Türkiye, is pleased to announce the results of its third-party independent reserves and resources assessment for its Thailand assets.
Pecan Energies has awarded full scholarships worth GH¢5,5million to 70 students to pursue various courses at tertiary institutions across the country for the 2023/24 academic year.
Uzbekistan is not a major exporter of energy resources, unlike neighbouring Kazakhstan and Turkmenistan, though it is home to quite substantial hydrocarbon resources.
In a collaborative effort aimed at tackling the escalating Buruli ulcer and Neglected Tropical Diseases (NTDs) crisis, Pecan Energies Ltd has joined forces with the Buruli Ulcer Victim Aid (BUVA) Foundation to provide vital resources to the community of Duaponko in the Afigya Kwabre North district of the Ashanti region.
Last week, the International Energy Agency reported that global oil demand growth is losing momentum, with demand growth clocking in at 1.4 mb/d in January, down from 2.8 mb/d in 3Q23 to 1.8 mb/d in 4Q23. According to the IEA, the expansive post-pandemic demand growth phase has largely run its course. Thankfully, falling supply is expected to counter slowing demand growth with non-OPEC supply by the U.S., Brazil, Guyana, and Canada expected to come in at 1.6 mb/d this year compared to 2.4 mb/d in 2023.
A state environmental agency in Kazakhstan has fined an oil company in the west of the country $780,000 over a prolonged fire at one of its fields last year that caused one of the largest emissions of methane in history.
Last year, 2023, was a tumultuous period for South America’s oil industry. Increased recognition of climate change saw regional governments push to reduce emissions and implement policies aimed at enhancing environmental protection. Elevated geopolitical instability along with increased regulatory scrutiny and tax hikes further impacted the continent’s oil industry.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reports a reversal in the investment decline in the oil and gas upstream sector, as stated by Gbenga Komolafe, the CEO of the commission.
(Togo First) – Niger could soon supply diesel to Togo. Talks in this framework were recently held, according to a press release from the Nigerien Ministry in charge of Energy. The release referenced a meeting that took place on February 17, 2023, between the Ministers of Energy of Togo, Burkina Faso, Mali, and Niger.
Ras Laffan, Qatar: Qatar’s Minister of State for Energy Affairs HE Eng. Saad bin Sherida Al Kaabi on Monday called for a ceasefire in Gaza to end insecurity in the Red Sea which has disrupted hydrocarbon deliveries in the vital shipping route.