Oil prices fell on Monday, extending losses on market views that higher than expected inflation could delay cuts to high interest rates that have been capping growth in global fuel demand.
Serica Energy PLC and Jersey Oil & Gas PLC on Monday said they have completed the Greater Buchan Area farm-out agreement.
The Wind Forecast Improvement Project 3 (WFIP3) is venturing into offshore wind energy exploration off the New England coast. The project seeks to address the complexities of forecasting offshore winds.
He said Ghana’s fuel specifications, which are set at a sulphur content of 50 parts per million (ppm) in fuel was the cleanest in the West African sub-region.
Iraq’s Oil Minister, Hayan Abdel Ghani, voiced his disappointment with ExxonMobil’s intention to withdraw from the West Qurna 1 oilfield in Iraq at the beginning of 2024. Instead, the Ministry of Oil claims that ExxonMobil plans to focus on potential investment opportunities in African nations.
(WO) – Reconnaissance Energy Africa Ltd. announced an operations update. ReconAfrica continues to pursue activities as it prepares to start a multi-well drilling campaign in 2024.
The overall expansion of North Field from 77mtpa currently to 142mtpa by 2030 represents an 85 percent increase in production.
Despite growing support for nuclear energy and significant government investment, the U.S. grapples with the dilemma of managing highly radioactive nuclear waste.
Proposed solutions include consolidating nuclear waste storage facilities in the Permian Basin to reduce costs but face opposition from the oil and gas industry.
Socioeconomically struggling communities in Southeastern New Mexico view hosting nuclear waste storage facilities as a potential economic boon, while industry leaders express concerns over the impact on oil and gas production.
Determined to save the world from climate change, California has nearly shut down its oil and gas industry, though the Golden State currently gets 50 percent of its total energy from oil and another 34 percent from gas. The state’s most recent move was a decision by California’s Geologic Energy Management Division to deny new hydraulic fracturing permits on oil and gas wells.
Minister of Energy Dr. Matthew Opoku Prempeh has led a delegation of energy sector officials in the upstream petroleum sector to Trinidad and Tobago to gain insights into best practices, explore advanced technologies and identify potential partnerships.