Four of the world’s biggest oil companies are ready to bid for Ghana blocks but a stalled legal reform process is holding up their commitment
Condor Energies has confirmed a 2.3-km northeast extension of the Kumli NW gas field in Uzbekistan following the successful drilling of the K-42 vertical pilot well.
AXP Energy has secured the right to earn a 25% participating interest in the Block 9 Production Sharing Contract (PSC) in Syria’s Palmyride basin, marking the company’s entry into a region reopening to international energy investment.
Innovex International has entered into an agreement to acquire Norway-based TCO Group in a cash-and-stock transaction valued at approximately $95 million, expanding its portfolio of well technologies and strengthening its presence in key international offshore markets.
VAALCO Energy has reported strong initial results from its ongoing offshore Gabon drilling campaign, including production exceeding 8,000 bopd from the Ebouri-5H development well, while also providing an update on drilling activities in Egypt.
Libya’s National Oil Corporation (NOC) has signed production-sharing agreements with several international energy companies following the country’s first licensing round in nearly two decades, Reuters reported on Monday.
BW Offshore has completed the Interim Performance Test (IPT) for the BW Opal FPSO, marking a key commissioning milestone for the Santos-operated Barossa LNG project offshore northern Australia.
International Petroleum Corp. (IPC) has achieved first oil at Phase 1 of its Blackrod thermal oil sands project in Alberta, with production beginning ahead of schedule and on budget.
The Ghana National Petroleum Corporation (GNPC) is seeking strategic partners to help develop the Volta Basin, a vast onshore sedimentary basin estimated to hold more than 11 billion barrels of oil equivalent resources.
Global Oil Giants Knocking Ghana’s Doors for Oil Blocks, But Slow Review of Sector Laws Barring Them
Dr. Kwabena Donkor warns that delays in reviewing Ghana’s petroleum laws are deterring major oil investors, including Chevron and ExxonMobil. He urges urgent reforms to restore competitiveness, attract upstream investments, and reclaim leadership from Côte d’Ivoire.