The International Energy Agency (IEA) has said that a significant amount of oil and gas profits made in 2022 were used to increase shareholder returns as opposed to investing in clean energy.
Condor Energies, a Canadian based energy transition company, has signed a Heads of Agreement (‘HoA’) with the Ministry of Energy, the Ministry of Mining Industry and Geology and the national hydrocarbon energy company JSC Uzbekneftegaz (‘UNG’) of the Republic of Uzbekistan.
Since the discovery of oil in commercial quantities in 2007, Ghana’s petroleum industry has witnessed remarkable growth.
Oil prices recorded big declines on Thursday, with WTI and Brent crude down 3% on the intraday session as debt ceiling jitters overcame optimism about another round of OPEC+ production cuts.
With its economic indicators showing clear signs of recovery, and the current Parti Démocratique Gabonais (PDG) set to retain power after this year’s elections, Gabon’s economic plans are moving ahead at full speed.
Germans are criticizing a government plan to ban oil and gas boilers and replace them with heat pumps, arguing it is happening too fast and is going to cost a lot of money.
MAPUTO, May 24, 2023 – TotalEnergies has published a humanitarian report outlining an action plan to boost local aid and restart its USD 20-billion onshore LNG project in Mozambique, the French energy giant announced on Tuesday.
BRAZZAVILLE, May 25, 2023 – Chevron has begun the sale process for its oil and gas assets in the Republic of Congo, Reuters reported on Thursday.
Governor Babagana Zulum of Borno State and the Shehu of Borno, Abubakar Al-Kanemi, have allayed fears that the protracted insurgency in the Chad Basin will hinder oil exploration there.
Crude oil prices began to trade on Thursday with little change from Wednesday’s close as opposing forces kept them stable.