SCMP: Angola was the No. 2 exporter of oil to China in 2010, second only to Saudi Arabia, by last year, it had plummeted to No. 8.
Angola–and other African oil producers–have a hard time luring investors to further develop its oilfields and boost infrastructure.
China is pivoting heavily to the GCC, aggressively seeking energy tie-ups with Saudi Arabia, UAE, Bahrain, Kuwait, Oman, and Qatar.
Perenco SA has put into service its first gas-to-industry supply project in Central Africa with the Bipaga Gas Processing Center in Cameroon.
TotalEnergies has sold its minority share in a major Nigerian onshore oil joint venture to Mauritius-based Chappal Energies for $860 million, the French energy group said on Wednesday.
Ghana’s oil industry is set to receive a boost from the deployment of 3D seismic data by the country’s government
Tetracore Energy Group, an integrated energy company, is set to launch Ghana’s first virtual gas pipeline network and compressed natural gas (CNG) mother station before the end of the year.
Nigeria plans to resume local refining of crude oil in early August, national petroleum authorities announced Monday.
Global oil and gas exploration is increasingly concentrated in “core” areas like Guyana and Namibia, where recent discoveries have been made.
While this concentration brings economic benefits, it also raises concerns about unexplored potential in other regions and the environmental impact of deepwater drilling.
Namibia, with its recent discoveries and influx of major oil companies, is poised to become a significant player in the global oil and gas market, but must navigate the challenges of the “resource curse.”
Plans to cap emissions on hydrocarbon production are angering energy producers and face resistance in Canada’s major oil province Alberta.
At the end of last year, Canada’s federal government introduced a draft framework to cap pollution from the oil and gas sector to reduce emissions.
The Canadian Association of Petroleum Producers (CAPP) has criticized the plan for being too ambitious and emphasized that the industry is already working hard to reduce emissions.
Guyana’s Environmental Protection Agency has begun a review of an ExxonMobil-led consortium’s intended seventh oil project known as Hammerhead, where up to 30 wells are to be drilled at the site located at the country’s offshore Stabroek Block, the government’s official news agency said July 16.
Petro Matad aiming for Heron start-up before year-end