Upstream investment in Russia’s oil and gas sector is set to plunge 30 per cent to $35 billion this year amid sanctions and a mass departure of foreign companies, Rystad Energy said in a report on Thursday.
The overall number of contracts in the oil and gas industry declined by 7% in Q3 2022, decreasing from 1,662 in the previous quarter to 1,542 in the current one, GlobalData, a data and analytics company, has said.
(WO) — Government and industry gathered on Nov. 30 to discuss energy security, the energy transition to net zero and challenges to maintaining investment in the North Sea during a forum hosted by industry regulator the North Sea Transition Authority (NSTA).
Upcoming sanctions on Russian oil are set to be “really disruptive” for energy markets if European nations fail to set a cap on prices, analysts warned.
Of all the motley crew of ideas the government of Ghana has churned out in recent days and weeks to deal with the country’s deteriorating public finances, none has caught fire like the decision to start buying oil with gold rather than dollars.
Minister Guilbeault made the following statement after the just completed COP 27 Climate talks “During a global energy crisis, we are more committed than ever to support the global transition to cleaner, renewable forms of energy, by transitioning away from our dependency on fossil fuels”.
Green Energy International Limited (GEIL), an indigenous company operating the Otakikpo marginal field in Oil Mining Lease (OML) 11, will expand oil production to 25,000 barrels per day next year.
The Ghanaian government on Thursday announced its plans to buy oil products with gold rather than the United States’ dollar reserves
Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that Nigeria needs to spend $410 billion above usual to deliver its energy transition plan by 2060, more than N10 billion yearly.
The Deputy Energy Minister, Dr Mohammed Amin Adam, says government is ready to implement its gold-for-oil barter deal