Somaliland President Abdirahman Mohamed Abdullahi “Irro” has said the region expects oil and mineral exploration to officially begin by 2027.
Egypt plans to drill 480 exploratory wells with total investments estimated at $5.7bn over the next five years, Minister of Petroleum and Mineral Resources Karim Badawi said on Monday, as the country seeks to reverse a decline in natural gas output.
Eni’s latest discovery in Indonesia reinforces the Kutei Basin’s reputation as one of the hottest global exploration plays of recent years.
New Delhi, Union Minister of Petroleum and Natural Gas Hardeep Singh Puri on Monday said that the production at the Ashoknagar Oil Field project in West Bengal would start soon, with both ONGC and the state government making efforts to finalise the lease deed.
Noorulhaq Anwar, Director General of Administrative Affairs, announced on Sunday that the Islamic Emirate has approved plans to create an independent oil and gas authority.
The benefits of alternative fuels are less pollution, fewer greenhouse-gas emissions, and cleaner seas and skies.
Crude oil and gasoline prices are under pressure today, with crude oil falling to a 1.75-month low and gasoline posting a 4.75-year nearest-futures low.
Stanbic Bank Ghana has emphasized that a solid and predictable financial structure remains the most decisive factor in determining whether an energy project can attract investment. This is according to Malaika Bakar, Senior Vice President for Energy and Infrastructure at Stanbic Bank Ghana.
Falling oil prices and strengthening Russian currency are set to slash Russia’s oil and gas revenues by nearly 50% in December from a year earlier, to the lowest level since August 2020, according to Reuters calculations.
OPEC kept forecasts for global oil supplies and demand in 2026 steady, pointing to a balanced world market that clashes with widespread predictions of a surplus.