Mosman Oil and Gas Ltd (AIM:MSMN) CEO Andy Carroll talked with Proactive’s Stephen Gunnion about the sale of the company’s Stanley assets in the US. He explained the rationale behind this decision, highlighting the company’s new focus on helium. Carroll stated, “The bottom line is, we can now fully concentrate on the helium portfolio, which is looking very positive, particularly in the USA.”
Nigeria’s federal government has unveiled fiscal incentives and VAT exemptions to revitalise the country’s upstream and downstream oil sectors.
The Nigerian Content Development and Monitoring Board (NCDMB) on Wednesday signed a Memorandum of Understanding (MoU) with the Petroleum Commission, Ghana (PCG) towards developing and deepening local content regulations in Ghana’s upstream petroleum sector. The signing ceremony took place at the sidelines of the 2024 Annual Local Content Conference and Exhibition held at Takoradi, Ghana.
TotalEnergies SE has signed an agreement to buy a 45 percent stake in dry gas-producing assets in the Eagle Ford basin from Lewis Energy Group, its second acquisition in the shale play in Texas this year after an earlier deal with the same company.
The CEO of one of the country’s largest oil and gas companies says Canada doesn’t need to cap pollution from its oilpatch.
While the midstream energy sector is less vulnerable to fluctuations in oil and gas prices, the outlook for the Zacks Oil and Gas – Production and Pipelines industry remains uncertain. Reduced capital spending by upstream companies and weak global oil demand could negatively impact the utilization of midstream assets held by companies.
SAO PAULO, Oct 1 (Reuters) – Brazilian state-run oil company Petrobras (PETR4.SA), opens new tab announced on Tuesday that its board gave a green light to acquire a 10% stake in the offshore Deep Western Orange Basin (DWOB) oil block in South Africa, according to a securities filing.
Leading oil-and-gas multinational ExxonMobil is progressing several energy initiatives on the African continent, consolidating its status as one of the drivers of the industry on the continent.
/African Media Agency(AMA)/- Niger’s economy is set to rebound after a year marked by an unprecedented political crisis. However, the rebound is dependent on favorable security and climate conditions, and continued oil production for exports, according to the World Bank’s latest economic update for Niger, published today.
The upstream oil and gas industry regulator, Petroleum Commission, has reaffirmed its commitment to promote sustainable and responsible use of the country’s oil and gas resources to enhance national development.