Italian oil and gas firm Eni signed a new Production Sharing Contract (PSC) agreement with SONATRACH, Oxy and TotalEnergies for oil blocks 404 and 208 in Algeria.
European governments are scouring the world for natural gas as they seek to reduce their overwhelming and increasingly uncomfortable dependence on Russia’s Gazprom.
At the meeting of heads of NOCs and energy ministers of member-countries of the African Petroleum Producers’ Organisation (APPO) in Nigeria (Abuja), the CEO of GNPC said the energy transition is inevitable, but even the most developed countries still rely heavily on fossil fuels and are rethinking the pace at which the transition should take place.
For a moment last week, it seemed that Libya might be snapping back into some version of itself more approaching normalcy than has been evident for some time.
Despite a drastic shortage of energy in Europe, oil and gas firms are reluctant to invest in oil and gas operations in the North Sea.
Eroton Exploration & Production Company Limited, has announced that it had successfully shut-in CAWC015 Well and contained CAWC047 wild well spill in the Cawthorne Channel field in Rivers State.
Ahead of Russian President Vladimir Putin’s visit to Iran on Tuesday, his second foreign trip since he invaded Ukraine in February, Russian Gazprom and the National Iranian Oil Company have inked a $40-billion agreement for the development of oil and gas fields.
Italy’s Eni, US major Occidental, France’s Total and the Algerian group Sonatrach signed a $4 billion oil and gas production-sharing contract Tuesday for the Berkine field in the country’s southeast.
There remains significant scepticism however over the synergies and completion of the company’s Capricorn Energy merger, but Tullow has maintained that the deal will enable the companies to become a leading player in African energy production.
Democratic Republic of Congo will offer 27 oil blocks and three gas blocks, nearly double as many as previously planned, in a licensing round next week, the hydrocarbons ministry said on Monday.