Ghana’s oil production has been on a steady decline since peaking in 2019, raising serious concerns about the country’s future petroleum revenue and energy sustainability, according to the Head of the Public Interest and Accountability Committee (PIAC) Secretariat, Isaac Dwamena.
HI also supports Shell’s plan announced on Capital Market Day 2025 to start up upstream and integrated gas projects with a total capacity of one million barrels of oil equivalent per day between 2025 and 2030. It also contributes to the company’s target to grow top line production across its upstream and integrated gas business by one percent per year through the end of the decade, Shell said.
The Petroleum Ministry laid out the plan this week, revealing that 101 wells are already slated for 2026, spread across Egypt’s main producing regions. The announcement didn’t specify where all that capital is coming from—never a minor detail—but the country has been cozying up to the majors again, signing new exploration deals with BP (BP.L) and Eni (ENI.MI) to scour the Mediterranean for the next Zohr-sized win.
The technology, which was jointly developed by researchers at KAUST and Aramco, merges aerial and terrestrial robotic capabilities for industrial inspection and monitoring applications. Through the agreement, Aramco will be able to further develop and deploy the HUCT across its operations.
H.E. Jamal Essa Al Loughani, Secretary-General of the Organization of Arab Petroleum Exporting Countries (OAPEC), talks to The Energy Year about energy security, diversification of petrochemicals output and trade flows and the organisation’s growing emphasis on sustainable technologies. OAPEC is the Kuwait-based intergovernmental organisation that co-ordinates energy policy among Arab oil-producing countries.
The shift concerns, first, the fact that alternative energy sources have added to rather than replaced oil and gas, and second, that “every major forecaster is revising scenarios, with oil and gas locked in for decades”, Nasser said, saying he hoped the outlook for long-term oil and gas investment had changed for the better.
Denny Matulessya, managing director, Odengene Air Shuttle Services (OAS Helicopters) has reiterated the firm’s commitment to deepen its aviation support for efficient offshore operations in the oil and gas sector. ‘‘This commitment marks another milestone in our mission to provide world-class aviation support for Nigeria and the West African energy sector,” Denny Matulessya, managing director, […]
bp has begun production from the Murlach field in the UK North Sea, marking the company’s sixth major upstream start-up of 2025. The Murlach redevelopment, a two-well subsea tieback to the bp-operated Eastern Trough Area Project (ETAP) hub, is expected to add around 15,000 barrels of oil equivalent per day (boed) at peak production.
The FPSO, which will be stationed off the coast of Portugal, will feature a 300-MW electrolyzer capable of producing up to 243,000 metric tons of green ammonia per year. Powered by certified renewable electricity purchased under a Power Purchase Agreement, the facility will play a role in meeting the growing global demand for low-carbon marine fuels.
EIG Global Energy Partners’ MidOcean Energy said it has entered into definitive agreements to invest in Petroliam Nasional Bhd’s (Petronas) Canadian businesses, including by acquiring a stake in the recently fired up LNG Canada.