Eco (Atlantic) Oil & Gas Ltd has signed a binding “framework agreement” to bring in Navitas Petroleum LP as a partner in Guyana’s Orinduik and South Africa’s Block 1 CBK, both offshore exploration blocks, and potentially expand the partnership across Eco’s current and future assets.
A Russian liquefied natural gas export facility delivered its first shipment to China since being sanctioned by the US in January, the latest sign of increased energy cooperation between Beijing and Moscow.
Minister for Energy and Green Transition, John Abdulai Jinapor, has urged West African governments to accelerate efforts toward a fully interconnected regional power system, arguing that the future of the sub-region’s energy security depends on deeper cooperation, harmonised regulation and coordinated investment.
A joint analysis by the United Nations Development Programme (UNDP) and KPMG, an auditing firm, has affirmed the Government’s strategic shift from light crude oil to domestically produced natural gas for power generation.
In an oil and gas report sent to Rigzone by the Macquarie team late Monday, Macquarie strategists, including Walt Chancellor, revealed that they are forecasting that U.S. crude inventories will be up by 4.9 million barrels for the week ending November 21.
Malaysia’s Petroliam Nasional Bhd (Petronas) and Italy’s Eni SpA on Monday announced a binding agreement to combine their assets in Indonesia and Malaysia into a company equally owned by the state-controlled oil and gas producers.
Hungary will deliver more oil products to Serbia, its foreign minister said Wednesday, ahead of a shutdown of the Balkan nation’s oil refinery, under US sanctions due to its majority-Russian ownership.
TotalEnergies EP Nigeria has completed the sale of its 12.5% non-operated interest in Nigeria’s OML 118 PSC to Shell Nigeria Exploration and Production and Nigerian Agip Exploration for a total consideration of USD 510 million, the companies announced on Tuesday.
The Chief of the Air Staff (CAS), Air Marshal Sunday Aneke, has reaffirmed the commitment of the Nigerian Air Force (NAF) to partner with the Nigerian National Petroleum Company (NNPC) Limited in its renewed effort to protect critical oil and gas infrastructure vital to Nigeria’s economic stability.
Ghana is carrying out a major overhaul of its power system and shifting heavily toward domestic natural gas for electricity generation, consulting firm Deloitte said in a report.