Senegal has set up a commission of legal, tax, and energy sector experts to review its oil and gas contracts and work to rebalance them in the national interest, Prime Minister Ousmane Sonko said on national television on Monday.
BP has acquired an interest in a Chinese company that develops sustainable aviation fuel—an alternative to jet fuel seen as a tool for lowering the emissions footprint of the air transport industry.
OMV and its partners have discovered gas in wildcat well 6605/6-1 S in the Norwegian Sea.
Liberia has launched a direct negotiation licensing round for 29 offshore blocks, government authorities and partner TGS announced on Thursday.
The country is the second-largest producer of natural gas in the continent following Algeria, and the fourth-largest holder of natural gas reserves.
The Public Interest and Accountability Committee (PIAC) has begun the year with a simultaneous inspection of public infrastructure projects funded with petroleum revenues in the Greater Accra and Central Regions.
Upstream regulator the Norwegian Offshore Directorate on Aug. 21 renewed calls for constructing a gas pipeline connection to the Barents Sea, saying unlocking Arctic resources would be key to maximizing the country’s hydrocarbon production potential.
According to the Norwegian Offshore Directorate’s projected scenarios leading up to 2050, the difference between high and low production of oil and gas can amount to nearly an entire government pension fund.
Iraq’s Oil Ministry has signed initial deals for 13 oil and gas exploration blocks and fields, which could increase the country’s output by 750 kb/d of crude oil and 850 mcf/d (8.8 bcm/year) of natural gas. The agreements were signed with the winning companies within Iraq’s fifth and sixth supplementary licensing rounds. These deals represent the follow-up of the bidding round held in May 2024, in which Chinese companies dominated.
It was a week when both oil and natural gas prices recorded small losses.
The headlines revolved around energy biggie Shell plc’s SHEL investment in an Australian gas project and equipment supplier SLB’s SLB expansion in Russia. Developments associated with ExxonMobil XOM, Marathon Oil MRO and NextDecade Corporation NEXT also grabbed attention.