Kenya’s dream of joining the oil exporters club petrodollar remains intact and is just awaiting a revision of the Field Development Plan (FDP), with commercial exports expected in 2028, according to oil giant Tullow.
The Guyanese Government says it intends to implement later this year, an oil and gas data repository that will enable the country to consolidate all historical and current petroleum data in a centralised local facility.
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) is positioning itself for a major breakthrough in Namibia’s burgeoning energy sector, led by an oil and gas veteran.
The federal government yesterday disclosed that the recent reforms embarked upon by the Bola Tinubu administration had led to the takeoff of the $550 million upstream gas project, a deal between the Nigerian National Petroleum Company Limited (NNPC) and TotalEnergies.
Oil stares at a bleak future as China’s economy sputters. The good news: A market ‘bust’ is unlikely
As the world’s oil traders and analysts gathered at the annual Asia Pacific Petroleum Conference in Singapore last week, the slump in oil and where it was headed was foremost in everybody’s mind.
The fossil fuel sector is on track to miss 2050 net-zero targets by a wide margin, according to an analysis of data from S&P Global’s Sustainable1 unit.
(THE CONVERSATION) On a recent visit to Rangely, a small town in northwest Colorado, my colleagues and I met with the administrators of a highly regarded community college to discuss the town’s economy. Leaving the scenic campus, we saw families driving into the mountains in off-road vehicles, a favorite activity for this outdoors-loving community. With a median household income above US$70,000 and a low cost of living, Rangely does not have the signs of a town in economic distress.
Petrobras is set to emphasise upstream oil and gas operations in its forthcoming 2025-29 strategic plan, reported Reuters, citing the company’s CFO Fernando Melgarejo.
Economist and Former Finance Minister, Winston Jordan has urged the Government to come clean on a number of issues, specifically relating to the financing and repayment on some aspects of the gas-to-energy project, suggesting that the Government might have already committed its share of future oil resources to repay ExxonMobil for the pipeline aspect of the project.
Omani upstream energy firm ARA Petroleum has announced that it has been formally awarded a license for the development of Tanzania’s Ntorya gas discovery – the largest onshore gas project in the East African nation to date.