Government has signed three memoranda of understanding covering key terms for prospective petroleum blocks as part of efforts to attract new investment and expand exploration in Ghana’s sedimentary basins. President John Dramani Mahama announced this at the 2026 Local Content Conference and Exhibition organised by the Petroleum Commission in Takoradi on Tuesday. He said government […]
The Public Interest and Accountability Committee (PIAC) says it has noted the efforts made by the government to attract investors, including the recent Memorandum of Understanding (MoU) with Shell and Chevron. However, PIAC reiterates its call on the government, through the Petroleum Commission, to develop a framework to improve investment in existing producing fields, particularly […]
Ghana has moved further to deepen its oil exploration with the endorsing of a Memorandum of Understanding (MoU) with Shell and Chevron covering exploration and production rights over the South Deepwater Tano Cape Three Points block. The MoU includes the appraisal of the existing Nyankom discovery as the country seeks to revive upstream investment. The agreement […]
Petrobras and ENH, the national oil companies of Brazil and Mozambique respectively, have signed a memorandum of understanding, establishing cooperation in oil and gas assessment and development. The agreement coincided with Mozambican President Daniel Chapo’s visit to Brazil, where he spoke at Rio Oil & Gas 2026. “We are not looking only for suppliers. We […]
Continental Resources has signed a memorandum of understanding (MOU) with Venezuela’s state-owned PDVSA to operate and develop the Ayacucho 2 block in the Orinoco Oil Belt, marking the U.S. independent’s entry into Venezuela. The 126,000-acre block in Anzoátegui state is estimated by Continental to contain approximately 30 billion barrels of oil resource in place. Continental […]
Argent LNG and the government of Albania have signed a non-binding memorandum of understanding (MoU) to evaluate development of an onshore LNG storage and regasification terminal on the Albanian coast with capacity of up to approximately 5 MMtpa.
Ghana’s petroleum upstream regulator, the Petroleum Commission, and Liberia’s Petroleum Regulatory Authority (LPRA) have signed a Memorandum of Understanding (MoU) to strengthen regulatory cooperation, knowledge sharing, and stakeholder engagement between the two institutions.
Egypt, ExxonMobil and QatarEnergy signed an MoU last week to study the potential development and commercialisation of gas discoveries in Cyprus through Egypt’s existing gas and LNG export infrastructure, according to a leading energy journal.
TotalEnergies and Egyptian Natural Gas Holding Company have signed a memorandum of understanding (MoU) covering offshore exploration cooperation in northwestern Egypt as the companies continue evaluating deep offshore resource potential in the region.
TotalEnergies, QatarEnergy and ConocoPhillips have signed an MoU with the Syrian Petroleum Company to assess exploration opportunities in Block 3 offshore Syria, the companies announced on Tuesday.