The government has assured the energy sector it is preparing to confront declining investment in upstream petroleum operations, a challenge industry experts warn could threaten national energy security and jeopardize revenues if left unchecked.
Ghana’s Petroleum Hub Development Corporation (PHDC) has outlined four distinct funding mechanisms to support the country’s 60 billion US dollar petroleum infrastructure project in the Western Region, addressing persistent questions about how the government will finance its portion of the massive undertaking.
A joint analysis by the United Nations Development Programme (UNDP) and auditing firm KPMG has affirmed the government’s strategic shift from light crude oil to domestically produced natural gas for power generation.
Roald is a highly experienced oil and gas executive with extensive commercial knowledge of the energy industry in Africa including business development, M&A, and in oil markets, specifically financing, hedging, and trading. In 1994, he joined Trafigura Group as an executive where he had an integral role in the development of the group’s oil trading activities, primarily in West Africa. In 2006, he founded his own company, Delaney Petroleum Ltd, trading crude oil and petroleum products predominantly in West Africa and the Middle East. He then returned for a three-year term with Trafigura Group in Geneva and remained an advisor at the company until the end of 2021.
Oil and gas supermajor ExxonMobil will buy a 40% stake in the new Bahia natural gas liquids (NGL) pipeline from Enterprise Products Partners as producers and pipeline operators expand gas takeaway capacity in the Permian basin.
Baker Hughes has received a significant order for 25 aeroderivative gas turbines from U.S.-based Dynamis Power Solutions, expanding the energy technology company’s footprint in mobile power systems used across upstream, refining and petrochemical operations.
Aberdeen’s offshore engineering capabilities are playing a growing role in supporting fast-track deepwater development in West Africa, as Altera Infrastructure highlighted this week at the Wider African Energy Summit in Aberdeen.
DeepOcean, a Norwegian ocean services provider, has secured a contract to deliver subsea construction and tie-in services for a field development on the UK Continental Shelf, with the project being developed as a subsea tieback to an existing host facility.
Egypt’s Ministry of Petroleum on Thursday announced a new oil discovery in the Gulf of Suez by the Gulf of Suez Petroleum Company (GUPCO).
Almost 70% of East Africa’s oil pipeline is ready, Uganda now says
Construction of the 1,443-kilometer East African Crude Oil Pipeline (EACOP) is nearing the 70% mark, a critical milestone that must be reached before production can begin at the region’s $15 billion oil project owned by France’s TotalEnergies and China’s CNOOC.