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”.
Libya’s parliament has called for halting oil exports to backers of Israel amid relentless airstrikes on the Gaza Strip.
Public records show Ohio regulators log hundreds of incidents each year dealing with chemical releases related to the oil and gas industry.
After another summer of devastating fires, storms, and other climate change–fueled natural disasters around the nation, the Biden administration recently released a federal offshore leasing program that will allow offshore oil and gas development in the Gulf of Mexico for decades to come.
The government will strengthen regulations and enforcement of local content laws to encourage citizens’ participation in the extractive industry.
Chevron Corp unveiled plans to buy Hess Corp on Monday. Executives from the both oil giants discussed details of the deal shortly after it was announced.
Energy Minister, Dr. Matthew Opoku Prempeh, has revealed that US oil giant, ExxonMobil has begun engagement with the government in a bid to return to the country.
Saudi Minister of Energy Prince Abdulaziz bin Salman underlined the need to commit to a stable and less volatile oil market, which will help the global economy to grow and prosper. Addressing the 7th Future Investment Initiative (FII7) forum in Riyadh on Tuesday, he said that the volume of oil trade amounts to $2 trillion.