As Ghana gets ready to explore for hydrocarbons at the onshore Voltaian Basin, Nigeria, which has long years of experience and exposure in onshore oil exploration and production is offering ways Ghana can avoid some of the practical errors made in one of the continent’s leading oil-producing nations.
Seatrium Limited has delivered the floating production unit (FPU) Whale for deployment in the Gulf of Mexico, in line with the contract signed in November 2019 with Shell Offshore Inc.
The European Commission is investigating a deal allowing Bulgaria to access gas supplies via Turkey over a possible breach of the bloc’s antitrust rules.
Venezuela is expected to raise its crude oil production by less than 200,000 barrels per day (bpd) until the end of 2024 as years of underinvestment and mismanagement will hamper rapid output growth following the effective lifting of most oil sanctions on Venezuela for six months, the U.S. Energy Information Administration (EIA) said on Monday.
Algeria’s state oil and gas firm Sonatrach has plans for a $1 billion project for natural carbon storage through planting 420 million trees over 10 years, Algeria’s Ennahar TV reported on Monday, citing Energy Minister Mohamed Arkab as saying.
Demand for climate-warming fuels like coal, oil and natural gas will likely peak before 2030, evidence of the accelerating global shift to energy that doesn’t emit greenhouse gasses, according to the International Energy Agency (IEA)’s World Energy Outlook.
European supermajor Shell and state-controlled partner Ecopetrol have made a new natural gas discovery offshore Colombia.
The Kazakhstan government is set to reap almost five times the combined starting price of the five blocks offered in its latest internet auction for oil and gas assets, with strong competition from local players offering a total of 911 million tenge ($1.9 million).
The process of internationalizing the Chinese currency took another major step forward with the first crude oil transaction settled with the digital renminbi on Thursday.
The Minister of Oil and Gas Mohammed Oun called for the implementation of House of Representatives’ Resolution No. 15 of 2023 regarding stopping new procedures, contracts, or amendments to any previous measures regarding sovereign assets such as oil, gas, and gold.