TotalEnergies will sell its entire interest in the UK’s West of Shetland gasfields to the Prax Group, the French company said on Thursday.
Namibia’s nascent oil industry is going from strength to strength following several discoveries that have provided great enthusiasm around the future of Namibian oil. The recent success of the industry is somewhat surprising considering the failed exploration projects of previous decades. Based on several new finds, energy experts believe that Namibia could quickly become as big as Guyana in terms of its crude reserves, which has gained it huge interest from local and international oil companies.
Crude oil production in Ghana declined for the fourth consecutive year in 2023, the Public Interest and Accountability Committee (PIAC) said recently.
Italian energy giant Eni has signed a binding agreement with Hilcorp, one of the largest U.S. private companies, for the sale of its upstream offshore assets Nikaitchuq and Oooguruk in Alaska.
After receiving preliminary approval from Israel’s Energy Ministry, partners in a gas field off the coast of Israel are expected to reach a decision on the expansion of the natural gas export capacity from the field, while stepping up domestic supply. The approval is perceived to constitute the basis for launching the next step of the field’s development.
Pytheas Energy has announced the addition of three producing oil and gas properties to its growing portfolio, the Andrews Crane Asset, the Bakken Asset, and the Minerva-Rockdale Asset.
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Blue hydrogen and LNG import-reliant gas-CCUS projects could derail the UK’s net zero target and exhaust the carbon budget, Carbon Tracker analysts have reported.
Joint venture (JV) partners, Canada’s CGX Energy and Frontera Energy, are seeking to undertake additional action to tap into and unleash the hydrocarbon resources on the Corentyne block offshore Guyana, given the potential for a standalone shallow oil resource development across the block, which their exploration results highlighted.
Recent weeks have brought news of the discovery and development of major oil and natural gas reserves from opposite sides of the African continent. According to regional leaders, these reserves are so immense that they offer the possibility of boosting the economic trajectories of countries that have long had scant reason for optimism.
Newcore Gold Ltd. [TSXV-NCAU; OTCQX-NCAUF] has started a 10,000-metre drill program at the 100%-owned Enchi gold project in Ghana, West Africa. The drill program will focus on infill and resource expansion drilling.