Government has signed three memoranda of understanding covering key terms for prospective petroleum blocks as part of efforts to attract new investment and expand exploration in Ghana’s sedimentary basins. President John Dramani Mahama announced this at the 2026 Local Content Conference and Exhibition organised by the Petroleum Commission in Takoradi on Tuesday. He said government […]
The Minister for Energy and Green Transition, Dr John Abdulai Jinapor, has announced that Ghana is expected to sign at least six new petroleum agreements with international oil companies by the first quarter of 2027. This forms part of efforts to attract fresh investment and reverse the decline in the country’s oil production. He said […]
QatarEnergy entered into an agreement to acquire a participating interest in an offshore exploration block in the Republic of Namibia from Chevron Namibia Exploration II Limited, a subsidiary of Chevron. Under the terms of the agreement, which is subject to customary regulatory approvals, QatarEnergy will acquire a 25% interest in Petroleum Exploration License 0082 (PEL82), […]
EnerMech has secured a contract to provide specialist pipeline pre-commissioning services for Chevron’s Aseng gas development offshore Equatorial Guinea. The award will see EnerMech support the preparation of approximately 19 km of rigid production flowline connecting the Aseng field to existing offshore infrastructure. The scope includes pre-operational engineering and project management, and specialist pipeline pre-commissioning […]
Iraq’s Minister of Oil Basim Mohammed Khudair Al-Abadi has confirmed that agreements have been reached with Chevron on a contract for the West Qurna-2 oil field, according to a ministry statement carried by the state Iraqi News Agency (INA). Under the agreement, the West Qurna-2 contract is to be signed before the end of the […]
ADES Holding Company, an oil and gas drilling services provider that is part of Saudi Arabia-headquartered ADES Group, has found more work for its 2007-built jack-up rig off the coast of Angola with Cabinda Gulf Oil Company (CABGOC), a subsidiary of the U.S.-headquartered energy giant Chevron. Following a 15-month contract award in June 2024 for […]
ExxonMobil CEO Darren Woods and Chevron upstream president Clay Neff have canceled plans to attend next week’s ADIPEC conference in Abu Dhabi over security concerns, according to sources cited by Reuters on Thursday. Both executives were expected at the November 2-5 event, one of the oil industry’s largest annual gatherings, and Woods is still showing […]
TotalEnergies SE said Wednesday it had executed a swap transaction with Chevron Corp that gives the French company a 25 percent stake in 26 leases operated by its United States rival in the Gulf of America. The 24 Green Canyon leases and two Walker Ridge leases – located 150-250 kilometers (about 93-155 miles) from shore […]
The Public Interest and Accountability Committee (PIAC) says it has noted the efforts made by the government to attract investors, including the recent Memorandum of Understanding (MoU) with Shell and Chevron. However, PIAC reiterates its call on the government, through the Petroleum Commission, to develop a framework to improve investment in existing producing fields, particularly […]
Japan’s power generation major JERA has locked in majority control of Pan Pacific Energy, upgrading its indirect stake in Australia’s liquefied natural gas (LNG) project in a strategic play to shore up long-term energy security for Japan. JERA has strengthened its indirect participation in the Chevron-operated Wheatstone LNG project by acquiring all shares held by […]