Eni SpA E has temporarily halted arbitration proceedings concerning an oilfield dispute with Nigeria authorities.
The oilfield, oil prospecting license (OPL) 245, is at the heart of the controversy and is thought to be potentially the largest oil block in Nigeria.
Amid the rising momentum toward sustainable energy, the traditional energy sector continues to offer compelling prospects for investors. Additionally, the ongoing OPEC supply cuts, coupled with geopolitical factors like the Israel-Hamas conflict, may intensify the constraints on oil supply.
An insightful panel discussion during the second day of the MSGBC Oil, Gas&Power 2023 conference and exhibition, sponsored by national industrial and mining company, the Société national industrielle et miniére, featured the participation of regional and international energy leaders and explored the role of natural gas in the global energy landscape.
The Haewene Brim FPSO will need repairs to a pair of mooring connections before it can restart operations.
The Federal Government through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is looking to partner with Argentina in natural gas exploration and production.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned producers in the oil and gas industry against frustrating the government’s climate action project.
The NUPRC head of Public Affairs and Corporate Communications, Laide Shonola, disclosed this in a statement on Wednesday.
The Minister for Energy, Matthew Opoku Prempeh, has noted that the country is geared towards balancing a low-carbon economy with economic growth.
He, however, cautioned on the need to exercise caution in the path towards achieving a zero carbon emission to ensure a vibrant stable economy.
A bitter row over fuel supplies has erupted between Kenya and its landlocked neighbour Uganda, with the Ugandan leader saying his country is being “cheated” by “parasites” and middlemen.
Serica Energy (LON: SQZ) has announced it will acquire a 30% non-operated interest in the North Sea’s Greater Buchan Area development from Jersey Oil and Gas (JOG).
Brent crude futures rose 14 cents, or 0.17%, to US $82.59 a barrel by 0800 GMT. U.S. West Texas Intermediate crude futures rose 13 cents, or 0.17%, to US $77.90