The Minister for Finance, Dr Cassiel Ato Forson, has presented the 2026 Budget Statement and Economic Policy with a candid assessment of the nation’s petroleum sector, highlighting a significant slump in 2025 and outlining an ambitious reform to ensure oil wealth benefits domestic development
This initiative will utilize domestic coal. Projects are expected to commence in FY27. The synthetic gas will power NTPC’s plants and be sold externally. This move supports India’s goal to reduce LNG imports and enhance energy security.
Global energy technology company SLB (NYSE: SLB) announced today the award of two sizeable engineering, procurement, and construction (EPC) contracts by PTT Exploration and Production Public Company Limited (PTTEP) to its OneSubsea™ joint venture. The contracts build on a 20-year collaboration between the two companies and cover the expansion of two fields offshore Malaysia. As […]
MODEC Inc said Tuesday it is combining its wholly owned companies MODEC America Inc and SOFEC Inc to create an integrated mooring solutions business. “SOFEC will be fully integrated into the MODEC Group by becoming the new Mooring Solutions Business Unit”, Tokyo-based MODEC said in a statement on its website. “Importantly, the new Mooring Solutions […]
Global oil and gas demand could grow until 2050, the International Energy Agency said today, departing from its previous expectations of a speedy transition to cleaner fuels and predicting that the world will likely fail to achieve climate goals.
In an opinion piece for The Guardian Fiona Harvey and Matthew Taylor wrote that it was time for gas exploration in Africa to stop.
Image: Africa Oil Corp.
“Africa must embrace renewable energy and forgo exploration of its potentially lucrative gas deposits to stave off climate disaster and bring access to clean energy to the hundreds of millions who lack it, leading experts on the continent have said,” they wrote.
United States liquefied natural gas (LNG) producer Venture Global Inc this week announced multiple long-term contracts to supply three Greek, Japanese and Spanish companies.
Baboucarr Njie, Managing Director of the Gambia National Petroleum Corporation (GNPC), will speak at the upcoming MSGBC Oil, Gas&Power 2025 Conference and Exhibition, taking place December 8-10 in Dakar, Senegal. Njie’s participation comes as the country seeks to advance frontier exploration and is expected to strengthen discussions around MSGBC upstream investment opportunities – from seismic data acquisition to frontier drilling to cross-border collaboration and petroleum distribution.
Ghana’s downstream petroleum industry has grown into one of the most competitive and complex fuel markets in Africa. Over the past decade, reforms, private participation, and steady investments have redefined the way petroleum products are sourced, distributed, and sold across the country.
A leading local bank, the Prudential Bank Limited (PBL), has reaffirmed its commitment to supporting Ghana’s upstream oil and gas local-content agenda.