The recent ruling by an international tribunal in a case brought against Ghana by ENI and Vitol is big news for all industry watchers in the upstream petroleum sector.
Members of the Ghana Upstream Petroleum Chamber have held a meeting with Alan Kyerematen, leader of the Movement for Change as part of a series of engagements that the chamber is carrying out with key stakeholders. The engagements are geared at helping critical stakeholders to understand the underpinnings of the sector for the benefit of the upstream industry.
Members of the Ghana Upstream Petroleum Chamber have held a breakfast meeting with former President Mahama as part of a series of engagements that the Chamber is carrying out with key stakeholders. This is the second in the series of engagements, the first having been with the Vice President, Dr Mahamadou Bawumia.
Members of the Ghana Upstream Petroleum Chamber have held a breakfast meeting with the Vice President Dr. Mahamudu Bawumia to inform him of the challenges facing the sector and discuss how the industry might collaborate with government to address them.
On Wednesday 28 February 2024, the Council of Ministers adopted a communication concerning an expression of interest by Eni Côte d’Ivoire Limited in offshore oil blocks CI-504, CI-526, CI-706 and CI-708.
To get an assessment on the oil and gas industry from the industry itself, and what the prospects are for the year 2024, the B&FT has been speaking to the Chief Executive of the Ghana Upstream Petroleum Chamber, David Ampofo.
LAGOS/LONDON, Jan 29 (Reuters) – Shell’s exit from Nigeria’s onshore oil sector highlights risks oil majors face in Africa’s biggest exporter but has raised hopes that local firms could reverse the output decline from the Niger Delta, industry officials and analysts said.
Shell – which pioneered Nigeria’s oil industry – is the most prominent Western company to exit the Delta, a region blighted by pollution, oil theft and pipeline vandalism. Those issues have for years stymied investment – and throttled production and government finances.
Mr. Egbert Faibile, the Executive Officer of the Petroleum Commission, has praised the media for their critical role in advancing gains with the country’s Local Content Law.
The U.S. would probably happily re-load its Strategic Petroleum Reserve (SPR), but it is very difficult to do so while the global oil market is running a deficit.
Shell PLC has completed the sale of Indonesia’s Masela block for $650 million, in another divestment of Southeast Asian assets that it said is part of its focus on “disciplined capital allocation”.