Energy Minister, Dr. Matthew Opoku Prempeh, on Tuesday, November 21, 2023, opened the exhibition component of the 2023 Upstream Local Content Conference and Exhibition in Takoradi.
he total market potential of hydrogen technology could reach $11 trillion by 2050, with major advancements and falling production costs, says Bank of America, which firmly believes “we are reaching the point of harnessing the element that comprises 90% of the universe, effectively and economically”.
Minister of Energy and Mineral Resources, Saleh Al-Kharabsheh, stated that Jordan possesses a secure strategic reserve of gas sufficient for about 60 days and is “prepared for any sudden disruption in gas supply.”
Europe’s weaker natural gas demand in the autumn is now rising amid lower-than-usual temperatures in most areas and freezing weather expected to last until early December.
Libya’s Oil and Gas Minister, Mohammed Oun, has accused some international oil companies (IOCs) operating in Libya of taking advantage of lax security in the country’s restive oil regions caught in fighting bouts since 2011, slacking off in implementing their development plans and seeking better contractual terms.
The Haewene Brim FPSO will need repairs to a pair of mooring connections before it can restart operations.
The Minister for Energy, Matthew Opoku Prempeh, has noted that the country is geared towards balancing a low-carbon economy with economic growth.
He, however, cautioned on the need to exercise caution in the path towards achieving a zero carbon emission to ensure a vibrant stable economy.
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Oil and gas host communities in the country have decried the persistent non-payment of the three per cent annual contribution that should accrue to them under the Petroleum Industry Act, more than two years after the Act was passed, even as they said the outstanding payment has reached N100 billion.
The Times of Israel reports: Energy Minister Israel Katz said that the investment
commitment by large natural gas exploration companies during this period as Israel is at
war with the Hamas terror group is a sign of confidence in Israel’s resilience.