To get an assessment on the oil and gas industry from the industry itself, and what the prospects are for the year 2024, the B&FT has been speaking to the Chief Executive of the Ghana Upstream Petroleum Chamber, David Ampofo.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has said it is committed to making sure any divesting oil company and their potential assignees comply with laid down processes, to avoid having a situation of unwarranted liabilities for the Federal Government.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has clarified that ownership of oil and gas assets in Nigeria can only be transferred from one entity to another subject to the consent of the Minister as spelt out by the 2021 Petroleum Industry Act (PIA).
According to a report by Iran’s Oil Ministry, Owji met with Venezuelan officials to discuss the provision of technical engineering services, follow-up of the issue of extraterritorial refineries, repair of refineries, market creation for the private sector of Iran’s oil industry, especially in the field of petrochemicals, and investment in Venezuela’s oil industry.
A Nigerian solar plant and an Azerbaijan wind farm were among the 55 projects that received financing worth $1.7 billion from the OPEC Fund for International Development in 2023.
Aligned with the multilateral development finance institution’s Climate Action Plan, support for renewable energy projects constituted nearly 60 percent of all lending in the energy sector, according to a press release.
Indonesia’s Energy and Mineral Resources Ministry said on Friday it had signed a memorandum of understanding with Italian energy group Eni to accelerate its decarbonisation programmes.
As the 2023 U.N. Climate Change Conference, the 28th Conference of Parties (COP28) in Dubai drew to a close, the air was thick with determination among the 200 delegates. Acknowledging that the era of fossil fuels was on its last legs, they collectively pledged to hasten its demise. This was heralded as “the beginning of the end” for coal, oil, and natural gas. The nails and hammers were poised to pound the coffin of a sure- to-be- dead fossil fuel industry.
Gathered in the Crystal Palace Suite at the London Hilton hotel on Park Lane, were a collection of key UK
corporate leaders with roots in Ghana, including High Commissioner to the UK and Ireland, Papa OwusuAnkomah and Tullow Plc Chief Executive, Rahul Dhir.
Other Tullow Executives, including Director of People and Sustainability, Julia Ross, Ghana Managing
Director Wissam Al-Monthiry, his deputy, Cynthia Lumor and External Affairs Manager, David Amoah, were
also present.
Italian energy group Eni has concluded the acquisition of UK-headquartered independent Neptune Energy for $4.9 billion.
The quest by the federal government to supply uninterrupted gas to the Nigeria-Morocco gas pipeline, a $25 billion project aimed at transporting Nigerian gas to Europe through Morocco, is being threatened by lingering gas supply challenges in the country, BusinessDay’s findings have revealed.