Oil prices eased on Friday, with major benchmarks headed for their second straight week of losses, as the market awaited further signs of fuel demand recovery in China to offset looming slumps in other major economies.
The Chief Executive Officer of the Petroleum Commission , Egbert Faibille Jnr. has stated that the unitization of Springfield and ENI Sankofa fields has been declared.
The UK North Sea Transition Authority (NSTA) has received 115 bids in the 33rd oil and gas licensing round from a total of 76 companies.
The world’s oil and gas companies enjoyed record-breaking profits in 2022, as energy prices soared for consumers and climate change catastrophes dotted the globe.
PERTH (miningweekly.com) – New data by advisory firm Wood Mackenzie (WoodMac) has shown that 2022 was the strongest year in more than a decade for global oil and gas exploration, led by major discoveries in Namibia, Brazil and Algeria.
The December 2022 US-Africa Leaders Summit hosted by President Biden in Washington highlighted the emerging role of Africa in global affairs, including in the competition with China and Russia. In his address to the Summit, President Biden endorsed the proposal for the African Union to join the G20 and pledged $55 billion in financing and investment over three years.
Puma Energy’s Head of Africa, Fadi Mitri, says the energy industry will be at the heart of the post-pandemic recovery, as it will provide industries with the power required to grow and expand.
A renowned Energy Policy Analyst, Mr Ben Nsiah says the hikes in the prices of Liquefied Petroleum Gas LPG will have consequences on Ghana’s environment.
Three months after the execution of the Addax Transfer, Settlement, and Exit Agreement (ATSEA) for the PSC Oil blocks, OMLs 123/124 & 126/137, operated by Addax Petroleum Development (Nigeria) Limited, all closing obligations have been concluded and the Assets have finally been transferred to the Concessionaire, NNPC Limited.
The UAE and France have agreed to develop commercial and other opportunities as part of the Cop28 global climate summit, to further accelerate the development of clean energy.