The Chinese oil company, Wing Wah, operates the Banga Kayo conventional oil field, which has drilled some 250 wells to date.
The Republic of Congo aims to increase its hydrocarbon production to 500,000 barrels per day (bpd).
With Africa one of the last frontiers for upstream development, the OPEC+ alliance is courting emerging oil producers on the continent, such as Namibia, Ghana and Senegal, for potential membership.
According to the African Energy Chamber, Halliburton is inviting eligible local companies to submit an Expression of Interest (EOI) for the supply of goods and services across the oil and gas industry. With various categories available, the EOI aims to assess local interests and capabilities, connecting players to oil and gas projects. Following submissions, a competitive bidding process will lead to the selection of preferred and alternative suppliers.
Africa’s oil production is set for a gradual decline in 2024, the African Energy Chamber said in a new report on the industry this weekend.
Ghana is ranked 5th in Africa with the highest offshore oil rig demand, according to the 2024 State of African Energy by the African Energy Chamber.
African Energy Chamber (AEC) Celebrates Panoro Energy’s Hibiscus South Oil Discovery
For Africa to achieve its energy access, decarbonization, affordability, independence and security goals, women’s participation across the entire oil and gas value chain needs to improve.