Offshore rig owner Noble Corporation has won two new deals for its Noble Venturer drillship offshore Africa.
Records show that international oil companies including Chevron, Eni, ExxonMobil and Shell began exploring in Somalia in the 1950s but stopped when the country plunged into civil war in early 1991.
At the annual Oil and Gas Convention held at Kampala Serena Hotel from April 17-18, it was the usual cheers and chest thumping from those at the forefront of Uganda’s petroleum sector; Ministry of Energy, the Big Oil companies, the regulators, service providers, and everyone else who has positioned themselves to tap into the fast growing sector.
Crude oil prices began the week with a loss as fears of an escalation between Iran and Israel dissipated.
The renegotiation of mining and oil contracts announced by Senegal’s new president to benefit local populations would be “risky” for investment and future partnerships, industry players have warned.
U.S. energy firms this week added oil and natural gas rigs for the first time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday.
The oil and gas rig count, an early indicator of future output, rose by 2 to 619 in the week to April 19.
Norway produced 2.1 million barrels of petroleum, natural gas liquids (NGLs) and condensate per day last month, up from the prior month and the corresponding period a year ago, the Norwegian Offshore Directorate has reported.
Changes to Ghana’s oil and gas royalty and licensing scheme are expected to be implemented this year to rejuvenate international investment into Ghana’s energy sector, UK-based Fitch Solutions has disclosed.
A new report published by independent research and business intelligence company, Rystad Energy shows the oil and gas sector’s supply chain possesses between 60 to 80% of the capabilities required to develop the UK’s low carbon energies, but targeted investment is vital to capture the potential of an estimated £150 billion opportunity.
The Petroleum Technology Association of Nigeria (PETAN) has reiterated its commitment to supporting the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in boosting oil production.