Aberdeen & Grampian Chamber of Commerce (AGCC) has called on the UK government to take swift action to restore investor confidence in the North Sea following bp’s decision to market its UK upstream business for a potential sale. Russell Borthwick, the chamber’s chief executive, said bp’s announcement should serve as a “defining moment” for the country’s […]
OPEC+ approved a further 188,000-bpd production quota increase for September on Sunday, completing the planned unwinding of the voluntary output cuts introduced in 2023 while leaving room for additional supply once Middle East oil flows normalize.
The Executive Director of the Centre for Environmental Management and Sustainable Energy, Benjamin Nsiah, is calling for a review of Ghana’s Petroleum Act to guarantee a more consistent allocation of locally produced crude oil to the Tema Oil Refinery (TOR).
Equinor ASA, Norway’s biggest oil and gas producer, is looking to sell a number of Angolan fields, according to people familiar with the matter.
Oil edged down as an improving supply outlook out of OPEC+ member Kazakhstan overshadowed fears that a winter storm which pounded swaths of the US with snow, ice and freezing temperatures will crimp production.
Canada has announced rules that have been promised for years to reduce methane emissions in the country’s oil & gas sector.
BP has started production from the Atlantis Drill Center 1 expansion in the US offshore, marking its seventh major upstream startup of 2025, the company said on Thursday.
Ghana has rolled out substantial tax incentives and financial guarantees to attract domestic and international investment in its ambitious 60 billion dollar petroleum hub project in the Western Region.
This initiative will utilize domestic coal. Projects are expected to commence in FY27. The synthetic gas will power NTPC’s plants and be sold externally. This move supports India’s goal to reduce LNG imports and enhance energy security.
Global oil and gas demand could grow until 2050, the International Energy Agency said today, departing from its previous expectations of a speedy transition to cleaner fuels and predicting that the world will likely fail to achieve climate goals.