Ghana’s total earnings from exports of crude oil, production activities, surface rental and corporate taxes for 2023 witnessed some significant decline.
Houston-based Diamond Offshore Drilling has won a contract with Serica Energy for one of its semi-submersible rigs and an extension from BP for drillship work.
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The Department of Mineral Fuels is preparing to open bidding for petroleum exploration projects in nine terrestrial fields across Thailand before the end of this year in the hope of finding petroleum, natural gas and crude oil.
In a step toward building the first massive wind farms off California’s coast, three Assemblymembers today proposed a $1 billion bond act to help pay for the expansion of ports.
Exxon Mobil Corp. has outlined its intention to proceed with the drilling of two exploration wells offshore Guyana within the current year, despite the proximity of these drilling sites to a region that is subject to dispute with Venezuela. The oil conglomerate is poised to conduct drilling operations west of the Liza field, an area already yielding oil, and situated closer to the border shared with Venezuela. Notably, Exxon Mobil asserts that the ongoing territorial dispute does not impede its plans for exploration and drilling activities in the region.
French energy giant TotalEnergies is exploring the sale of its minority stake in a major Nigerian onshore oil joint venture, following Shell’s divestment last month, according to CEO Patrick Pouyanne.
NAIROBI, (CAJ News) – THE recent death of six people after a gas explosion southeast of the capital Nairobi is a culmination of illegal practices in the petroleum sector.
Standard Chartered has predicted very little incremental growth in US crude oil supply in 2024.
Stanchart sees y/y growth U.S. crude production growth decelerating strongly and even turn negative in December 2024.
StanChart says the deceleration in supply growth is the result of capex barely meeting high natural decline rates in shale oil production.
Crude oil prices have ticked up over 2% in the aftermath of the rejection of a ceasefire in Gaza.
Israeli Prime Minister Benjamin Netanyahu vowed to continue the war until “victory”.
The rejection of a ceasefire deal comes a day after the U.S. launched one of a series of retaliatory strikes following the death of three American soldiers in Jordan.
Our net zero lesson of the day is from the U.K. but it applies universally. It’s increasingly difficult for Biden and the EU to hide the true costs of net zero mandates.